British people’s favourite payment method for online shopping

British people’s favourite payment method for online shopping

The virus epidemic in 2020 has increased the number of global e-commerce users by 9.5% year-on-year, reaching more than 3.4 billion. And this growth trend will continue in 2021 and will increase by another 10% year-on-year to reach 3.8 billion. In 2020, the scale of European e-commerce reached 707.1 billion euros, a year-on-year increase of 12.7% compared with 2019. Among mainstream European countries, online shoppers in the UK, Belgium, Spain, France and Denmark prefer card payments, with a share of over 50%. But in many other countries, PayPal and local wallets also occupy a considerable percentage of the payment market. […]

Which payment method do Germans and French people use most for online shopping?

Which payment method do Germans and French people use most for online shopping?

Germany E-commerce market size (2020): 62.8 billion euros Number of online shoppers (2020): 61.2 million Online consumption per capita (2020): 947 euros   Germany’s e-commerce market share is second only to the United Kingdom. Consumers are more willing to buy goods on international websites (about 51% of online retail comes from international websites). But unlike the UK, card payments in Germany only account for 13% of the payment market. In Germany, the most popular payment method is bank transfer (accounting for 51% of online payments), of which Giropay and Sofort are prominent. Giropay was established in Germany in 2006 and […]

Six best money-saving advice for cutting the monthly budget

Six best money-saving advice for cutting the monthly budget

How we spend our money has hugely changed over the past few years. We save on travel, recreation and dining out but spend more on cooking, food and online shopping. Therefore, if you want some ideas and inspirations to help you save extra money, check out our best money-saving tactics. You will be shocked at how much you can spare if you set your mind to it. Save first and spend next. Pay yourself first. If you do this, it’s a sure way towards financial independence. Use the 50%-30%-20% flexible method for budgeting. Here are the details: 50% of your […]

Increasing pressures on the U.K. retail sector

Increasing pressures on the U.K. retail sector

The retail sector has changed radically in recent years. Factors driving these changes include internet retailing, store closures and other changes on the high street, and an increasing consumer preference for large multi-purpose malls. Since 2007, the retail sector with the most stores affected by company failures has been the clothing sector, accounting for 25% of all stores affected. Off licences accounted for 16% of stores affected and footwear stores accounted for 13% of stores affected. The Local Data Company collects information on town centres in Great Britain. The vacancy rate varies by type of retail premises and region, compared […]