The usage of PayPal in Europe is highest in the United Kingdom. That country counted more than 330,000 daily active PayPal users last year.
PayPal has announced it will allow customers to buy, sell and hold Bitcoin and other crypto coins using its online wallets. Starting in early 2021, customers will also be able to use these virtual coins to shop at the 26 million connected merchants.
The European Commission has launched the online portal Access2Markets. This tool offers information, tips and guidelines for companies engaged in international trade.
54 percent of European brands think their ecommerce potential is crippled by their logistical capabilities. And that’s why many retailers and brands turn to online marketplaces. But they also think that relying on marketplaces isn’t sustainable and want to shift the balance more to their own ecommerce channels.
Unfortunately, Covid-19 is still among us, so there are rarely physical ecommerce events to attend. Still, there are several virtual ecommerce events in Europe you can attend. Let’s have a look.
Cross-border ecommerce in Europe was worth 143 billion euros in 2019. And 59 percent of this market, 84 billion euros, is generated by online marketplaces. Amazon accounts for 22 percent of the market, while marketplaces with European capital represent 11 percent.
DSV has introduced an extra weekly inbound departure from Shanghai, as well as a new route between Hong Kong and Luxembourg. On these two routes, part of DSV’s Europe-Asia cargo air bridge, two 747 freighters will fly.
Online fashion retailer ModCloth has announced its return to Europe. The decision follows after not shipping to the European market for one and a half year. But after the acquisition of ModCloth by Go Global Retail last year, the company is available to consumers in Europe again.
Ebay will bring its managed payments service to sellers in three new markets in Europe next year. In the first quarter of 2021, eBay will manage payments in France, Italy and Spain.
The Covid-19 pandemic has drastically changed the way we shop online and offline. Food retailers have benefited from it, while omnichannel non-food retailers are just starting to recover. How has the coronavirus impacted consumer trends in Europe?
As of today, Ecommerce News Europe and Cross-Border Magazine are partners. Our blog and the magazine on cross-border online trade will help each other with attracting new markets and expanding their reach, both online and offline.
Due to the covid-19 outbreak, many events got canceled in the last few months. But now it’s September and there are several virtual ecommerce events in Europe you can attend. Let’s have a look.
Afterpay has announced plans to buy Pagantis, its European rival. The Australian company is set to pay 50 million euros for the buy-now-pay-later company. The acquisition is part of Afterpay’s global expansion plans.
Over a quarter of European consumers will remain shopping more than they did before the coronavirus broke out. And 56 percent buy online three or more products per month during the corona crisis.
AliExpress will shorten its delivery times in some parts of Europe by 30 percent. This is the result of a new air route AliExpress has announced. The commercial route between China and Spain will start this month.