X-Border Payments Optimization

X-BORDER OPTIMIZATION

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MONTHLY TRACKER – June 2017 EDITION

The PYMNTS X-Border Payments Optimization Tracker™ is the framework for evaluating players in the cross-border payments landscape, and the quarterly index tests the readiness of the companies to serve a global audience.

INSIDE THE JUNE TRACKER

Profiles of more than 155 influential cross-border players.

An interview with Tomas Likar, VP of strategy and business development for Hyperwallet, about the need for streamlining cross-border payouts.

The latest developments throughout the world of cross-border payments, including trends that are shaping B2B cross-border payouts.

QUARTERLY INDEX – Q1 2017 EDITION

This quarter, the PYMNTS X-Border Optimization Index™ tracks the journey of 189 merchants who are vying for their share of the global eCommerce windfall.

The index takes the pulse on how merchants are improving on attributes conducive to international eCommerce in countries that include Canada, China, France, Germany, Italy, Japan, Mexico, Spain and the United States. The verdict: The U.S. is still ahead of the rest, but not by much.

Key Findings Include:

While Canadian merchants saw a steep decline in their score, they came out on top for offering free shipping. A whopping 78 percent of Canadian merchants offered free shopping, compared to 68 percent of merchants in the U.S.

The U.S. emerged on top for the number of global payments brands offered. On average, U.S. merchants accepted 4.58 global payment brands. Right behind were Japanese merchants who accepted an average of 4.11 payment methods.

When it comes to providing an optimal shopping experience, travel companies know how to do it the best. Travel merchants received an Index score of 64.4 for providing the most globally friendly shopping experience.

PAST TRACKERS

june 2017

50%

The share of eWallets as a payment method for eCommerce sales
in China
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may 2017

1M

Alibaba created 33 million jobs in China and plans to hire 1 million in the U.S. to support its global eCommerce infrastructure.
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april 2017

50%

More than 50 percent of online buyers worldwide make purchases across country borders.
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march 2017

$98M

Report finds chargeback issuances, which account for $98 million in losses each, are growing at a rate of 20 percent annually.
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FEBRUARY 2017

$8.7b

Indian shoppers spent over $8.7 billion on international eCommerce last year.
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JANUARY 2017

$8M

2C2P secures $8M in Series D funding from investors.
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DECEMBER 2016

104%

Global eCommerce market expected to expand 104 percent by 2020.
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NOVEMBER 2016

SABRE

Sabre and Planet Payment launch new ventures with international airlines.
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OCTOBER 2016

60

CardinalCommerce’s patent portfolio grows to more than 60 patents.
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SEPTEMBER 2016

$4M

Coinify to raise $4M to support global expansion plan.
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august 2016

30%

of global consumers say they have been victimized by card fraud in the past five years.
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JULY 2016

25%

of China’s entire population is predicted to be ordering items through cross-border eCommerce by 2020.
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JUNE 2016

57%

of gamers are using PayPal or credit cards to make their online purchases.
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MAY 2016

$800

In the U.S., eCommerce shoppers will not have to pay duty and tax premiums for international purchases totaling under $800.
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April 2016

10M

Amazon China customers can now shop for a total of 10 million imported products.
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MARCH 2016

10-20%

loss in transaction value if you’re using multiple third parties.
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FEBRUARY 2016

57%

PEOPLE MADE CROSSBORDER PURCHASES.
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JANUARY 2016

80%

NIGERIANS WHO SHOP CROSS-BORDER.
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December 2015

37%

of global cross-border shoppers represented by Canadians.
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November 2015

$5B

(BILLION) Amount that Alibaba made in the first 90 minutes of Singles’ Day.
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October 2015

$39M

(MILLION) Number of online shoppers in Eastern Europe.
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September 2015

74%

of Chinese online adults who have made an online purchase from the U.S.
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August 2015

$1.7T

(TRILLION) Total global retail eCommerce in 2015 according to Juniper Research.
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July 2015

$300B

(BILLION) Amount committed to the “One Belt, One Road” initiative to upgrade global trade.
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June 2015

33.4%

of global sales represented by Asia-Pacific in 2015, surpassing North America for top region.
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April 2015

21%

of global online commerce made up of cross-border sales.
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PAST INDEXES

Q1 2017

57

Global Average Index Score
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Q4 2016

58

Global Average Index Score
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Q3 2016

58

Global Average Index Score
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Q1 2016

57

Global Average Index Score
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Q4 2015

15%

Cross-border sales expected to be 15% of total global eCommerce by 2018
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AUGUST 2015

55

Global Average Index Score
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APRIL 2015

60

Global Average Index Score
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