MasterCard and OTP Bank Hungary announced OTPay, the first digital wallet in Europe to leverage the MasterPass API. It provides cardholders the opportunity to shop and pay at 30,000 MasterPass accepting merchants worldwide. And with the associated app, customers can pay bills online, top up their prepaid or make person to person transactions.
Europe is not investing enough in the Web. Out of 35 countries, only 9 have at least half of their companies online. And in terms of ecommerce it’s not particularly better. The United Kingdom and the Czech Republic are performing best, although only 11% of their businesses present online have the internet opted as (extra) sales channel.
The Dutch hosted ecommerce solution SEOshop has gone cross-border for the first time ever. Last week, SEOshop opened its doors in Frankfurt. The German market isn’t an unknown area for the Dutch company, as it sells its software to German entrepreneurs for quite some time now. After a strong start in Germany, SEOshop expects to conquer a huge part of the German market by opening a local office.
The German ecommerce industry grew 42% last year, so that it now is worth 39,1 billion euros. For the upcoming year a growth of about 25% is expected. Clothing is by far the most important product category in German ecommerce and women are a major source of revenue online.
Volvo has showed off its Roam Delivery service, which turns cars into grocery dropboxes. The Swedish manufacturing company calls this groundbreaking and claims it’s the world’s first delivery service for bringing food and other items to the car.
Rakuten is opening a Rakuten Institute of Technology in Paris, which will be the first of its kind in Europe. It already has such R&D centers in Tokyo and New York. The office in Paris will start with five employees and its goal is to ‘fuel the growth of ecommerce around the world’.
European consumers are asking more and more for interdependence between offline stores and the internet. And for the first time in five years Europeans feel that their personal situation is improving. And because curbs to online buying have gradually been removed, ecommerce in Europe is still rising sharply.
One of the statistics you can use when you talk about a country’s ecommerce situation, is the number of online stores. But it is also something that’s hard to know for sure. We took it upon ourselves to recount the number of online stores in The Netherlands. And guess what? There seems to be much more than one might think!
The ecommerce industry in Poland will probably be worth more than 30 billion Polish zloty, ie 7.17 billion euros, this year. At the moment its total sales are at about 25 billion Polish zloty, or 5.9 billion euros. The local ecommerce market is growing rapidly and it’s unlike to slow down this year.
All over Europe there are many different ecommerce events. But every year the ‘Webwinkel Vakdagen’ is one of the first to be held and it’s also one of the largest ecommerce events on this continent. With 10,526 visitors during the most recent edition, the event achieved a new visitor record. Is this a sign that ecommerce is still growing in the Netherlands?
Vente-Privee wants to more than quadruple its revenue in the next ten years. The online retailers wants to achieve this by extending the model of flash sales that it once started in France. The goal is to achieve annual sales of 6 billion euros to 8 billion euros in 2024.
The ecommerce market of Eastern Europe may be the smallest of the four European regions, it has seen in fact the biggest growth in terms of percentage. Because with an average growth rate of 35.7% over the year 2012, this ecommerce market was the strongest growing region in Europe that year.
ICA Sweden is making advanced plans opening an online store later this year. The idea is to give franchisees the opportunity to run their own local online ICA store, while ICA Sweden itself will start an centralized online store. “We think now the time is right.”
Although the majority of Dutch web merchants think their online store will be still active in 2020, but practice proves otherwise. Almost half of Dutch online entrepreneurs have had a revenue smaller than 10,000 euros in 2012. About 80% have never even earned an average income with their online store.
The local ecommerce market in Romania reached approximately 600 million euros in 2013. Approximately, because these are not the hard facts but based on statements given by the main players of the Romanian online retail market. According to data from GPeC, one in four Romanian internet users buy online.