International

Creating Trade’s New Red Corridor

This issue of X-border Optimization TrackerTM highlights the effects, implications and the impact the new China-Russia eCommerce deal.

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.

Tracker Highlights
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.

For more from Digital River, click here.

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Latest Insights: 

With an estimated 64 million connected cars on the road by year’s end, QSRs are scrambling to win consumer drive-time dollars via in-dash ordering capabilities, while automakers like Tesla are developing new retail-centric charging stations. The PYMNTS Commerce Connected Playbook explores how the connected car is putting $230 billion worth of connected car spend into overdrive.

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