Russia’s eCommerce sector comprises 2 percent of its retail market, and China’s sluggish economy could use some retail boost. Could Mozido’s TradeEase, a cross-border eCommerce platform between China and Russia, be the answer? It expects to have 800 Chinese online shops and over 100,000 Russian consumers by the end of this year. In the X-Border Payments Optimization Tracker, we discuss the effects, implications and the impact this could have on modern trade as we know it.
Sizing Up Europe’s eCommerce
By 2025, cross-border transactions will account for a quarter of all European eCommerce sales, but getting there is not going to be easy. Of the 247 million people in Eastern Europe, only 39 million shop online. Reasons for this include long delivery times, price discrimination and lack of options in payment methods. In this edition of the tracker, we discuss how Europe is laying the groundwork for seamless cross-border commerce.
In this issue, we’ve profiled 50 global payment service providers, including five additions to the Tracker: BillPro, CardPay, Checkout.com, Computop and Worldline. Of these providers, Computop and Worldline broke into the top 10 scoring companies in “Developer Tools” and “Omnichannel,” respectively.
We also updated four players: Adyen, with location updates, as well as its plugins, a factor which increased its score; IBM Payment Systems, which was updated with information on services provided; and Klarna and PAY.ON, which were updated with data on the providers’ respective payment methods.
Download the tracker here.
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