Alistair Singer, Senior eCommerce Manager at Barclaycard, examines what’s in-store for the cross-border payment industry this year. The potential of cross-border eCommerce (CBEC) and the practice of buying and selling goods across international borders, is huge. With an increasing appetite for CBEC and cross border mobile commerce (CBMC), retail ecommerce sales as a whole are expected to approach $2.4 trillion in 2017. To date, the US has claimed a large share of global m-commerce sales by volume, with Latin America, Europe and China also enjoying considerable growth; for example, mobile shopping in China saw an uplift of over 200% last year. Read more: paymenteye.com
