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FTI Says US Online Retail Sales Likely To Surpass $1 Trillion By 2027

PYMNTS

The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. As of 2017, online retail sales account for 12 percent of total retail transactions in the United States, but 50 percent of retail sales growth over the span of the previous year.

Retail 114
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Report: Social Commerce Market Reaches $89B

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In fact a new report puts the global market for social commerce at $89.4 billion by 2027, growing at a CAGR of 31.4 If a fashion company, for example, decides to put a fashion show online with links to purchasing the goods, it will need to advertise the show and its availability. billion this year and says it will reach $604.5

Marketing 209
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Innovative Approaches To Retail, Digital Payments And Healthcare 

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The rise in online shopping amid the pandemic is making digital payment options essential to healthy cash flow. 87.6B: Projected value of the global payment gateway market by 2027. markets where Village MD will offer primary care clinics in partnership with Walgreens. All this, Today in Data.

Retail 136
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Shift4 Payments Rebrands 3dcart, Launches eCommerce Platform Shift4Shop

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Shift4Shop helps businesses create eCommerce websites to start selling their goods and services online. The platform offers website templates, product and order management, and marketing tools. The overall contactless payment market is expected to hit $4.68 trillion by 2027, according to a June report.

Payments 141
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Mercari Acquires Rival Marketplace App Origami

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Mercari , the flea market app in Japan with nearly 15 million users, announced Thursday it is purchasing Origami , a payments platform also in Japan. markets against larger companies with similar business models like Craigslist and eBay, Mercari intends to improve current money losses with the expansion. With plans to compete in U.S.

Training 140
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Walmart India Head Upbeat About eCommerce Prospects

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Walmart India President and CEO Krish Iyer expects the eCommerce market in India to explode during the next decade. According to a report in Money Control citing Iyer, the executive expects the online retailing market to see growth of six times to reach 12 percent during the next decade.

Online 177
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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

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With more consumers than ever going online to shop and pay, merchants are building and expanding their digital capabilities to meet this demand for digital commerce. There are many technologies that can help keep customers’ data safe, with increasing market interest in tokenization in particular. percent over the next seven years.