sunday’s Post

93% of consumers say seeing products priced in their local currency impacts their decision to purchase. This is one of the insights in the Airwallex Cross-border #eCommerce report. Here are some other interesting insights: 👉 54% of global consumers expect to buy more from overseas merchants in 2024 👉59% of consumers are likely to purchase from overseas merchants via social media channels 👉 77% say they would likely abandon their cart if their preferred payment method is not available Data was gathered from over 3,000 consumers in the US, the UK, China, Hong Kong, Singapore and Australia. At @Bean Ninjas we help Australian brands expand into the US and UK by taking care of accounting and compliance requirements.

On 29 April 2022, Union Minister for Commerce and Industry Piyush Goyal tweeted about a revolutionary initiative by the Indian Government—Open Network for Digital Commerce (ONDC). T Koshy, managing director and chief executive officer of ONDC speaks about the initiative’s progress so far, its #ambitions and #potential.   Click on the link to know more…   T Koshy | Open Network For Digital Commerce (ONDC)   #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness #ir #indiaretailing #ondc  

Asia is now at the forefront of payment innovation, driven by technological advancements and shift in consumer behaviour. At the retail front, it is no longer just about payment acceptance, but also providing value-added services to enhance consumer experiences and gather deep insights. Read more on the key drivers and discover the opportunities players in the payments and commerce space can capture in our white paper with Kapron Asia: https://ow.ly/i3hV30szbN4 #payments #commerce #whitepaper #asia #transformation #retail #consumer #experiences #valueadded #services #solutions

【🎄 Wishing Our Valued Supply Chain Partners a Merry Christmas! 🎁】 As the Chief Supply Chain Officer (CSCO) of AsiaPay Group, I want to emphasize the vital role that our supply chain partners play in our operations and success. From logistics providers to manufacturers, suppliers, and distributors, each partner contributes to the seamless flow of goods and services, ensuring our clients receive exceptional experiences. 🌟🎅 The holiday season provides a perfect opportunity to express our sincere appreciation to our valued supply chain partners. We recognize and value the dedication, expertise, and professionalism you bring to our collaboration. Your commitment to excellence and efficiency enables us to deliver top-notch digital payment services and technologies to our clients. 🙏💼 As we greet Merry Christmas, it's essential to reflect on the achievements we have accomplished together throughout the year. Our successful collaboration and synergy along the supply chain have fostered innovation, optimized processes, and enhanced the overall customer experience. Together, we have overcome challenges and achieved remarkable milestones. 💡✨ The holiday season reminds us of the power of partnership. Our collaboration along the supply chain strengthens our collective capabilities, enabling us to respond swiftly to market demands, adapt to changing trends, and drive growth. By fostering an environment of trust and mutual support, we create a resilient supply chain ecosystem. 🤝💼 As we celebrate Christmas, we recommit ourselves to continuous improvement and optimization within the supply chain. We strive to enhance our processes, leverage emerging technologies, and explore innovative solutions that drive efficiency, sustainability, and customer satisfaction. Together with our supply chain partners, we embrace the spirit of innovation and progress. 🚀🔗 I extend warm wishes for a Merry Christmas and Happy Holidays to our valued supply chain partners. May this festive season bring you joy, peace, and fulfillment. May it be a time to rest, rejuvenate, and cherish quality moments with your loved ones. 🎉🎄 ➡ Catch me up to explore more! #MerryChristmas #HappyHolidays #SeasonsGreetings #AsiaPay #AsiaPayGroup #ChiefSupplyChainOfficer #CSCO #SupplyChainPartners #DigitalPayment #TechnologyProvider #Collaboration #Partnership

In the framework of MRC Barcelona, I am pleased to invite you to the talk; Seeing the Future: Can We be Proactive about Policy Abuse without Alienating Good Customers? Along with Ravelin Technology, Just Eat Takeaway.com will be presenting the trends in refund abuse and general policy abuse they've seen in the past year and how its mitigation can be automated to address it effectively.  Can we see the future to anticipate first-party abuse and prevent it? And how do we do this without alienating good customers? We'll explore: - Types of first-party policy abuse on the rise. - Trends around the world: locales, methods. - Key pain points and consequences for merchants. - What strategies can best catch abusers? - How to be proactive about future policy abuse. #mrcbarcelona #mrcbarcelona24 #FraudPrevention #PaymentTrends #Payments #Innovation #Networking #Barcelona #eCommerce #MRC #marketplaces

ONDC, the Open Network for Digital Commerce, is breaking new ground as it expands its reach across borders, connecting India 🇮🇳 and Singapore 🇸🇬. This achievement marks a pivotal moment in international commerce and digital connectivity. (a) ONDC has proudly onboarded Proxtera, a Singapore-based buyer application backed by the esteemed Monetary Authority of Singapore (MAS). Proxtera will facilitate seamless B2B cross-border transactions, allowing buyers to explore ONDC's vast network of Indian sellers through an intuitive interface. (b) In comparison, UPI (Unified Payments Interface) also crossed borders this year, connecting with Singapore's PayNow system. Impressively, ONDC achieved this feat in under a year, highlighting our agility and commitment to global commerce. (c) ONDC's journey is punctuated by milestones: May '22: First domestic B2C transaction. May '23: Inaugural domestic B2B transaction. Sept '23: Anticipating the first international B2B transaction. ➡️ ONDC's order volume continues to rise, nearing 100,000 monthly orders. This achievement is significant: (1) Strengthens India-Singapore relations. (2) Empowers Indian MSMEs to embrace digital avenues, reaching global customers. Celebrate this journey of growth and collaboration! 🎉 #ONDC #CrossBorderCommerce #DigitalTransformation #Bitsila bitsila - The Future of Retail | ONDC

Not having #taxfreeshopping in the UK is of course a significant disadvantage for #Retailers and indeed all businesses reliant on International visitor spend. At Planet we continue to lobby for it's return but we also work hard to help our #Retail and #Hospitality partners to position themselves in the best way possible with the tools we do have at our disposal. #Payments is of course a key component to help attract and convert high spending international visitors and #digitalwallets are essential if you want to sell to visitors from #Asia. #alipay #alipay+ #wechatpay #unionpay #retailinnovation #retailtechnology

Since its launch in 2016, UPI has been experiencing unprecedented growth. Factors such as demonetization, the COVID-19 pandemic, and affordable internet access, have all contributed to UPI outperforming traditional payment systems. With this growth, it's not hard to imagine a future where paper-based transactions become obsolete. What do you think? Check out this week's charts on India's retail payment modes. #UPI #digitalpayments #cashlessindia

I have always said that growth for India business will be powered by SMEs. Here is our ‘Business Success Stories of Buland Bharat' campaign featuring the unsung heroes of SMEs. Check out the stories of Atul Kumar from Patna and Jaya Shetty from Mumbai. #WorldlineBOSS #BulandBharat #Businessuscessstories

Transport ticketing and retail payments in Japan: EAST JAPAN RAILWAY COMPANY discusses how the Suica CBT→CBT＋ABT transition enables flexible customer-centric services. Learn more at #MPAP2023 13-14 Sept, Taipei https://lnkd.in/eKdYSayH