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Showing posts with label internet commerce. Show all posts
Showing posts with label internet commerce. Show all posts

March 1, 2012

Poland Tops E-Commerce in Europe, with 24% growth in Online Retail

Infographic: Top E-Retail Markets - Infographic

A vibrant economy and growing Internet access are fueling a boom in e-commerce in Poland.
The Centre for Retail Research, a U.K.-based retail research and consulting firm, predicts Poland will register the fastest growth in European e-commerce this year, with a 24% hike in e-retail compared to a European average of 16.1%.Shopping search engine Kelkoo also is projecting 24% growth in e-commerce in Poland, to 5.59 billion euros (US$7.4 billion) from 4.50 billion euros (US$6 billion). “Poland is getting in on the action, with the biggest increase in online sales in Europe,” says Kelkoo. “Following 33.5% sales growth between 2010 and 2011, a hike of 24% is expected in 2012.”
However behind upswing in Poland's  Internet Commerce Growth is the grim reality is that  it  ranked last in online retail sales in 2011 in Kelkoo’s analyst of 13 European nations and the fact that  Poland remains far behind Europe’s e-commerce leader, the United Kingdom, where online retail sales will reach 67.4 billion euros (US$90 billion), Kelkoo projects.
Even in Poland, e-commerce is just starting to become a major factor. Online sales will represent just 3.8% of overall retail revenue in Poland in 2012, up from 3.1% last year, Kelkoo says.18.2 million of Poland’s population of 38 million are Internet users, according to web measurement firm comScore Inc., making it the eight-biggest Internet market in Europe. A study from the European Union’s statistical office, Eurostat, says 67% of Polish households had internet access in 2011, far below the 94% of the Netherlands but well ahead of 50% in Greece.
But the growth is unmistakable. It is driven in part by Poland’s relatively strong economy, which grew about 4% in 2011 while the European Union’s economy only grew 1.6%.
Another factor is that more Polish consumers have access to the Internet at broadband speeds and  the provision of fast and cheap services for everyone in Poland has been given a big boost from the European Union with a 300 million euros (US$401 million) investment project in broadband Internet in five provinces of eastern Poland.

December 8, 2011

State of Online Fraud :Mobile Commerce vs Ecommerce:

The year  2011 has seen the coming of age of Mobile Commerce,  made its presence felt in specially during the  US  in 2011. Industry sources predict that the  next 2 to 3 years will see  Mobile Commerce exploding and perhaps even edging out E commerce.However as with every technology distruption , there are many evils that comes with it.

According to data from PayPoint’s, 30 percent of Internet shoppers, or roughly 10.5M people, made a purchase via mobile devices while another 30 percent made a purchase via social media.  According to PayPoint, fraud is on the rise because of growth in digital purchasing via mobile and social media — with projected growth of digital fraud growing 18% by 2015.
For much more information, download PayPoint’s full report, which is locatedhere.

November 23, 2011

Canada Ecommerce Tops $15 billion

Online shoppers in Canada last year spent C$15.30 billion (US$15.02 billion) on  Internet shopping, according to a report from Statistics Canada.The 2010 web spending figures for Canada represent 1.3% increase over the C$15.10 billion (US$14.82 billion) reported for 2009, 

The report was based on data  from 30,700 households and 22,623  consumers.

 Top 10 Insights On Canada Ecommerce
  •  51% of web users in Canada used the Internet to order products or services in 2010.
  • In terms of actual numbers Canadian consumers placed 114 million web orders; on average, consumers made 10 web orders during 2010, with an average total order value of $1,362 per consumer.

  • 83% of Shoppers in Canada  placed orders with e-commerce operators

  • 60% of respondents ordered via merchants and  affiliates  providers in the United States, while 18% placed orders with companies located in other countries.

  • 89% of the shoppers used credit cards to pay for online orders, while 31% used an online payment service. Consumers could give more than one answer to these questions.

  • 74%  Internet users in Canada shopped online, or researched information on goods or services, without necessarily placing an order

  • Users who did not shop online, 32% cited lack of interest, 26% said they liked to shop at stores, and 19% worried about online security

July 23, 2011

June 29, 2011

March 8, 2011

Malaysia Leads Online Banking in Asia

comScore, recently released the latest results from a study of Internet usage in Southeast Asia. The report found that an increasing number of consumers across the region turned to online banking throughout 2010. In each of the six markets included in the study (Malaysia, Hong Kong, Vietnam, Singapore, Indonesia and the Philippines), visitation to the online banking category grew by double-digits percentages, outpacing overall Internet growth by a factor of two in most case.

Across markets in Southeast Asia, visitation to online banking sites increased strongly in the past year, growing by double-digits percentages across all six countries measured. Malaysia, home to the largest total number of online banking users in the study, climbed 16 percent to 2.7 million visitors in January 2011. Hong Kong’s online banking audience grew 18 percent to 1.5 million visitors, representing 35.5 percent of the total online population and ranking as the most highly penetrated online banking market in the region. Indonesia posted the largest percentage increase, growing 72 percent to 749,000 unique visitors.
Online Banking Category Visitation by Market
January 2011 vs. January 2010

Total Audience, Age 15+ - Home & Work Locations*

Source: comScore Media Metrix
  Total Unique Visitors (000)
  Jan-2010 Jan-2011 % Change
Malaysia 2,360 2,746 16%
Hong Kong 1,304 1,543 18%
Vietnam 701 949 35%
Singapore 779 889 14%
Indonesia 435 749 72%
Philippines 377 525 39%

*Excludes visitation from public computers such as Internet cafes or access from mobile phones or PDAs

Strong Local Brand Presence Important for Banks across Southeast Asia 

An analysis of the top online banking destinations by market found that banks with a strong local brand presence ranked as many of the most-visited banking destinations. Maybank Group led the ranking in Malaysia while Vietcombank took the lead in Vietnam and DBS secured the top spot in Singapore. Indonesia (Bank Mandiri) and the Philippines (Bank of the Philippine Islands) also displayed similar trends, while in Hong Kong HSBC claimed the top spot in the market where the bank originated.
Global banking brands HSBC and Citigroup also secured positions within the top rankings. Citigroup ranked as the #2 largest online banking destination in the Philippines and #3 in both Singapore and Indonesia. Besides leading the Hong Kong market, HSBC also ranked as the third largest banking destination in the Philippines
Top 3 Online Banking Sites by Unique Visitors for Individual Markets
January 2011
Total Audience, Age 15+ - Home & Work Locations*
Source: comScore Media Metrix
Country #1 Online Banking Destination #2 Online Banking Destination #3 Online Banking Destination
Malaysia Maybank Group
Hong Kong HSBC Standard Chartered PLC
Singapore United Overseas Bank Group Citigroup
Indonesia Citigroup
Philippines Citigroup HSBC

While about 95 million U.S. households use the Internet, 72.5 million of those households participate in online banking, with 36.4 million using online bill pay. Those numbers represent a 51 percent increase in Internet usage per household since 2000, and an even larger increase of 84 percent in online banking and 78 percent in online bill pay. The number of online bill payment users receiving e-bills is also increasing

The Biggest Bank Gone Bust