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There’s still a lot of uncertainty surrounding the impact of Covid-19 on the global market. Regardless, the future’s looking bright for eCommerce merchants. According to Statista, global eCommerce is expected to rise by 13.2% in 2022. By year’s end, online sales could top out at around $USD 753 billion. More sales are wonderful news for merchants everywhere, right? Well, it may be more complicated…

Given the increasing connectivity of the digital landscape, it should come as no surprise that there has been a marked uptick in cross-border trade via digitized transfer. Billions of dollars criss-cross the globe on a daily basis without fail. Electronic payments are king. However, sluggish, outdated payment processes are ill-equipped to handle the volume and frequency of international transactio…

Cash usage is on the decline. In fact, data from Worldpay suggests that cash is projected to become the least popular major payment method globally within four years. Around 2 billion mobile wallet transactions occurred in the US during 2020, marking a 51% increase over the year before. Apple Pay now accounts for 5% of all global credit card purchases, filling the gap left by cashless consumers. T…

Chargebacks happen for varying reasons. They could result from dissatisfied customers, damaged merchandise, or incorrect items being delivered. Financial institutions will be no strangers to the chargeback process, or to the havoc it can wreak on a merchant’s bottom line. It’s also not difficult to see why merchants would want to avoid them at all costs. Is a TC40 report the answer to preventing c…

The world of financial tech is changing, and the payments industry is evolving to meet new demands and new challenges. The emergence and acceptance of unique payment options and methodologies has resulted in a race to develop new products that take advantage of this shifting landscape. We take a look at how product developers must step carefully in a fluctuating industry, and look at how developme…

Apple Pay was introduced in the US in October 2014, and was followed in the UK over a gradual integration period by issuing banks through July 2015. Many view Apple Pay as a safer alternative to physically using one’s payment card in the checkout process. Due to its contactless nature, it is has become more widely accepted and valued for its ease of use. In this post, we’ll take a look at how Appl…