OTPay is EU’s first digital wallet with MasterPass

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. Continue reading

‘Europe is missing the digital revolution’

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. Continue reading

Dutch ecommerce solution SEOshop opens German office

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. Continue reading

German ecommerce grows 42% to €39bn

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. Continue reading

European consumers want both stores and ecommerce

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. Continue reading

Polish ecommerce to exceed €7 billion this year

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. Continue reading