Facebook Will Look to Support New eCommerce Functionalities via Its Accelerator Program Facebook has announced a new commerce initiative within its startup accelerator program, which will look to fund innovative ideas in online shopping. www.socialmediatoday.com
Infographic: Digital Wallet Users Could Double by 2020 This chart shows the estimated number of digital wallet users worldwide (in millions). www.statista.com
More People in China Will Be Making Proximity Mobile Payments In 2019, we estimate that 577.4 million people in China made a purchase via proximity mobile payment within a six-month period. Those users account for 49.6% of the country?s population. Next year, more than half of the population will utilize this payment method, with that
This Year’s Gift-Givers Are Thinking (and Buying) Sustainably Discounts and low prices are historic holiday asks. But this year, sustainability is also top of mind. According to a recent survey, shoppers are more mindful of who they do business with, especially as it pertains to the environment. www.emarketer.com
PwC: 54% of consumers to shop online for the holidays Amazon continues to lead product searches, but its influence is declining, according to the report. www.retaildive.com
Social commerce sees highest adoption among retail tech More than one-third of adults said they made a purchase through social media, coinciding with Facebook, Pinterest and Snap’s expanded shopping features. www.retaildive.com
Takeaway.com orders increased by 51% In the first quarter of 2019, meal order platform Takeaway.com processed 51% more orders, reaching a total of 31.1 million orders. The meal delivery service is currently investing in the German market. www.retaildetail.eu
