March 29, 2017
5 New Insights about Payment in the DACH Region
The ECC Payment Study vol. 21 shows what online merchants need to know about payment to avoid discouraging shoppers. What payment methods are most popular in Germany, Austria and Switzerland with e-commerce customers – and why? What are the payment methods of the future – and how intensively are they currently being used? These were some of the lead questions post...
December 23, 2016
Christian von Hammel-Bonten Talks About The Next Big Wave of Digital Commerce
MEF’s Tim Green talked to Christian von Hammel-Bonten, Executive Vice President Global Product Strategy at Wirecard, about the next big wave of digital commerce on the high streets. By mastering digital-first commerce, Wirecard has become one of the world’s fastest growing companies. Now, it’s turning its attention to the digitalisation of the retail industry. MEF’s Tim Green talked to Wirecard’s...
November 11, 2016
Part 4 of our “Simply Uncomplicated” Series: What is Open Payment?
Open Payment is the next big thing in the payment industry. But what is exactly behind it? Today, merchants rely more than ever on offering customer-friendly, state-of-the-art payment solutions, at the POS, for e-commerce or for smartphones. This is where open payment concepts come into play: freely available, open-source platforms guarantee more freedom of choice and considerably reduce transaction...
September 1, 2016
The Way in Which we Use Wearable Technology is Rapidly Changing
The concept of connected living is giving wearables a new lease of life: as a wallet. Advancing digitisation goes hand in hand with a boom in wearables, as the significance of the Internet of Things shifts beyond simply interacting with a smartphone touchscreen. Secure identification and new forms of real-time communication are at the core of payment processes using wearables....
July 26, 2016
Three Trends Reveal: Online Games Enjoying a Major Renaissance
Are mobile games outpacing online games? Certainly not. In fact, three current trends prove that online games are on the verge of a comeback. The longevity and continued development of existing online games, together with new cross-platform and multi-device games, promise a successful future for the online games market. Reliable global payment solutions help companies to monetise their games sustainably...
July 8, 2016
Why Alipay Will Be a Popular Payment Method in Europe
A further step towards cashless payments: Chinese tourists can now pay with their Alipay Wallet across Europe and outside China Europe is the most popular travel destination for Chinese tourists: In 2013, approximately 1.7 million Chinese tourists visited Germany. In 2014, there were even approximately 2 million tourists visiting from China and the number is on the rise. Shopping is...
June 30, 2016
Romania Has the Fastest-Growing Rate of Card Payments in Europe
Contactless payments, e-commerce and investment in consumer education about financial cards are creating new opportunities for growth in Romania’s payments market. The future of payments is already tangible in some parts of Romania, if you know where to look. Commuters in Bucharest have been able to use their mobile phones to pay for public transportation since 2013, while shoppers at...
June 10, 2016
Connected Living: A Revolution of Payments is Coming soon
Pay-by-Car or even Pay-by-Washing-Machine? That will be reality: This year, the installed base of consumer focused connected things reaches 4 billion units. In 2020 this number will grow more than 3-fold to 13.5 billion units Digitalization and increasing connectivity considerably influence the way we live and pay – with a rising trend: From connected driverless cars to healthcare trackers showing...
June 1, 2016
Disruptive Influences: Three Key Trends Transforming the Face of Retail
What today’s consumers are looking for, can be distilled down to just three key points: value, convenience and a unique experience. Retailers who fail to respond to these trends are being punished. Businesses must move towards a more customer-centric approach if they want to survive. The last few years have seen a period of significant change in the retail sector....
April 4, 2016
Online Payments in Germany: Invoicing loses, Pay Pal and Credit Card win
Invoicing is the most popular online payment type in Germany, but as the recent “ECC payment study vol. 20” has revealed, Germans are not as taken with it as they once were. Alternative payment methods such as credit card payments have won ground with consumers Online retailers currently offer their customers an average of 5.3 payment options. This was one...