Facebook outpacing rivals in social media shopping usage
Facebook is far outpacing its rivals when it comes to social media shopping usage in the US and the Uk.
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Tag: study
Delivery concerns cost online retailers £34.4bn in losses in 2023, study finds
More than one in four online transactions are being abandoned at checkout, amid financial strain.
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Accenture: ‘Information overload’ is impacting consumer purchase decisions
In the last quarter of 2023, three in four consumers walked away from purchases simply because they felt overwhelmed.
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PayPal remains most popular online payment method in Germany, says EHI study
Despite a declining share of e-commerce sales, Paypal remains the most popular online payment method in Germany, according to an ‘Online Payment 2024’ study carried out by the German retail institute EHI.
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UAE retail sector is losing millions on payments fraud, report finds
The retail sector globally lost $429 billion to fraud in 2023 while in the UAE, businesses on average encountered losses of approximately AED 11 million.
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FPC report explores QR code adoption at the point-of-sale
The U.S. Faster Payments Council (FPC) has released a new whitepaper exploring the use of QR code adoption at the point-of-sale.
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Germans return 11% of online purchases, says Bitkom
On average, German online shoppers return 11% of their online purchases while a quarter never return goods purchased online, a new Bitkom survey has revealed.
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Delivery is decisive cost driver for online retailers in DACH region – EHI Retail Institute
The EHI Retail Institute has called on online retailers to examine their processes and cost structures, revealing in a study that after long periods of growth for e-commerce, current forecasts are less rosy.
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7 key insights into payments across Europe – BearingPoint
Cash is the primary form of payment across Europe, being most frequently used in Austria and Germany and least frequently used in Finland.
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Shoppers prefer to save time over money, finds Swiss retail study
A new Swiss retail survey by the Gottlieb Duttweiler Institute (GDI) has outlined four critical steps to make the retail experience more attractive with consumers no longer seeing it as an enjoyable activity.
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95% of fintech apps across Africa expose valuable secrets, says report
95% of the most popular African banking and financial services apps contain easy-to-extract secrets that could pave the way for attacks and data theft, a new report has revealed.
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Study: Beat-to-beat heart signals show promise as means of biometric verification
A recent study published in Scientific Reports suggests a new form of biometric verification that examines beat-to-beat heart signals may be possible, reducing the ability to forge identity.
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The metaverse could reach up to $900 billion by 2030 but will take time to scale, finds Bain & Company
Despite recent headlines that “metaverse-hype” is dying down, new research released recently by Bain & Company shows the metaverse could reach up to $900 billion dollars by 2030—though it may remain in the seed stage for at least another five to 10 years.
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Fashion retailers lead the way for Metaverse participation, says report
The RetailX Metaverse Almanac 2023 report has found that fashion-based retailers are entering the Metaverse at double the rate of other segments.
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‘Green nudge’ feature on delivery apps could reduce world’s plastic waste, says study
A study that was conducted in three Chinese cities, in collaboration with Alibaba’s food delivery platform, Edeme, has said one simple feature could save millions in plastic waste tonnage each year.
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Digital prepaid card transactions to surge in next five years
According to Juniper Research research, by 2028 the value of digital prepaid card transactions will exceed $3.98 trillion globally, representing just under 60% of total prepaid cards spend.
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Study: Digital ID can have significant economic impact on marginalised groups
The research focused on four marginalised population groups in the Cote d’Ivoire, Rwanda and South Africa and found that there are several life situations that a digital-ID framework can impact for the better,
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Accenture: How the next billion consumers will create new growth opportunities?
Approximately 1.4 billion new consumers are set to enter eight rapidly growing countries marked by high digital commerce growth potential, an emerging digitally astute population and little to no competition among most consumer-facing companies.
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Southeast Asia: ‘Four in five plan to use cashless payments more often’
Four in five Southeast Asian consumers plan to use cashless payments more often, particularly in Thailand, Vietnam, Malaysia, Indonesia and the Philippines.
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Study: The use of digital identity apps to almost double in next four years
This increase is expected to be driven by the use of government-backed digital identities to replace physical documents as a source of verification for third-party apps
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