Positive Developments In eCommerce Platforms, Contactless Cards
Alibaba‘s Singles’ Day online shopping event set a new record for performance. In luxury retail, Cartier has made an investment in Farfetch, while Burberry‘s earnings showed a return to sales growth. And in payments innovation, COVID-19 has rapidly accelerated the global shift to digital eCommerce, as safety-minded shoppers can be seen tapping contactless cards. All this, Today in Data.
$550M: Amount of Cartier’s investment in online luxury marketplace Farfetch.
88%: Portion of POS terminals expected to be NFC-capable by 2024.
$74.1B: Overall minimum sales for the Singles’ Day shopping event.
56%: Share of consumers who say their merchants have added or improved curbside pickup since the pandemic began.
35%: Portion of in-store transactions in the UAE that are conducted using contactless cards.