Most Popular Platforms for Social Media Shopping

These days, there is no shortage of social media platforms, but not all of them are effective for online selling. According to a survey, approximately 51% of respondents use Facebook for their online purchases, so it’s worth considering this platform when deciding which ones to use. In 2021, there were over 90 million social commerce buyers in the United States.

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E-Commerce Market Size Outlook

According to a report by Technavio released in December 2021, the global e-commerce market is expected to grow by USD 2.52 trillion during the period 2021-2025, at a CAGR of over 14%. Additionally, the COVID-19 pandemic has accelerated the shift towards e-commerce, as consumers have turned to online shopping due to lockdowns and social distancing measures.

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iDeal Acquired by EPI

iDeal acquired by European payment service iDeal is being acquired by the European Payments Initiative (EPI), a collaboration of European banks. Payconiq, the technology provider for iDeal, and Belgian payment service Bancontact are also being acquired. According to EPI, iDeal will serve as the foundation for a payment platform for the whole of Europe according to ecommercenews.eu

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Top 10 e-commerce trends in 2023

The e-commerce industry has been growing fast in the recent years, and it shows no signs of slowing down at this point. However with the current unstable economic dynamics in certain segments of the market, we need to see how growth will evolve in 2023, average expected growthrate is about 5%. With technological advancements and changing consumer behaviors, e-commerce businesses must stay on top of the latest trends to remain competitive. In this blog, we’ll explore the top 10 e-commerce trends to watch in 2023.

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