This Cross-Border eCommerce Report explores key business drivers & opportunities in emerging markets, by analyzing the results of a Global Survey, which CardNotPresent.com conducted in collaboration with Payvision, in the spring of 2013.
A 2014 version of this report is available here.
Global Acquirers, Merchant Services Providers (MSPs), ISOs, Payment Services Providers (PSPs) and online Merchants in the different regions were invited to respond over 50 questions, relevant to quantify and qualify the business drivers, opportunities and challenges which stakeholders across the Card Not Present online payment industry face, while expanding their footprint into emerging markets through cross-border ecommerce.
In 2012, cross-border B2C ecommerce sales reached $300 Billion, while global B2C online sales volume is estimated to have exceeded $1 trillion in 2013. Online shopping paid via mobile devices is becoming increasingly popular, as a growing percentage of consumers carry their mobile phones in their pockets 24/7. Internet penetration is still increasing in developing, emerging and mature markets. Cross-border ecommerce is more intricate than domestic e-trade, but once key requirements are met, the business opportunities presented by profitable expansion into emerging markets are well worth the investments.
The results of this Survey shed light on the international opportunities and the barriers which PSPs, MSPs and ISOs face, when servicing Merchants with growing demands and expectations. The different ways to solve these challenges are discussed and facts & figures, revealing trends and developments in the online shopping landscape of Europe, North America, Asia and the Pacific Region. The Report focuses on those Regions which were indicated as most appealing for international expansion by our Respondents.
Our analysis of the results of this Survey strengthens our belief that the European “Connect and Grow” business model, in which profits are shared by the various stakeholders within a global acquiring network of regional acquiring banks and international payment services providers - connected to one global card processor - will ultimately prove the best value proposition for both online shoppers and commercial players, within the growing ecommerce landscape.
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* A Webinar took place on October 24th, in collaboration with CardNotPresent.com, together with whom Payvision conducted a Survey, which formed the basis of this Industry Report on the Key Business Drivers and Opportunities in Cross-Border eCommerce. We presented key findings and discussed trends, gleaned from our 1st annual Survey, results that will help you cross the chasm of Cross-Border eCommerce.