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The most popular channels for pet food-related information are traditional ecommerce platforms such as Tmall and JD.com (64.7%), short video ads (58.5%), and pet shop ads (41.9%). South Korea is increasingly falling in love with cats and dogs. For six years, South Korea has had the lowest fertility rate (the average number of children a woman has in her lifetime) in the world.

Shoppers may have once turned to phones for high-ticket purchases to avoid the contactless limit鈥攑reviously set at 拢45 ($61.89). But when the limit was increased to 拢100 ($137.53), shoppers had even less incentive to change their ways, further entrenching contactless cards鈥� position in the ecosystem.

UK consumers鈥� hearty appetite for ecommerce hasn鈥檛 extended to social shopping. But there is strong potential for growth as TikTok triggers a new wave of community-driven commerce.

If found guilty in Europe, it could set a precedent for regulators in other markets to take more aggressive action against the Big Tech firm. What punishments could Apple face? Multibillion-euro fines in Europe. New legislation could force Apple to open up access to its NFC chip, which could give smaller rivals a boost while denting the dominance of Big Tech firms鈥� payment platforms.

The boom times for ecommerce and retail have largely passed. 鈥淚t鈥檚 going to be harder [for retailers] to identify pockets of growth and opportunity. But, the good news is that it鈥檚 not going to be that roller coaster of demand fluctuations that has been challenging for retailers to navigate over the last couple of years,鈥� our analyst Blake Droesch said.

European countries tend to be more open to government intervention on public health issues. Countries in Asia, like Singapore, have also embraced advertising restrictions as part of broader health initiatives. While ad bans can influence behavior, their effectiveness depends on broader policy approaches and cultural contexts. 鈥淚t鈥檚 complicated,鈥� Cramer-Flood said.

Discover the dynamic shift toward digital wallets in the US and the UK in the latest podcast episode of "Behind the Numbers: The Banking & Payments Show." Delve into the compelling discourse on how younger generations' move to digital is rendering traditional wallets obsolete. Join host Rob Rubin, our US-based analyst Tyler Van Dyke, and UK-based analyst Carina Perkins as they unravel trends in digital transactions for dining, shopping, and ID verification. In the "For Argument's Sake" section, we dissect the fierce competition for market dominance among industry giants like Apple and Google, established players like PayPal, rising star Paze, and potential disruptors. Tune in for a forward-looking conversation and hit subscribe for the latest insights. Key insights: - Youth-led shift: Analysis reveals a robust trend among younger consumers pivoting to digital wallets for everyday activities, indicating a cultural and technological shift. - Market dominance debate: We uncover the strategic moves by tech titans and emergent challengers vying to capture the largest share of digital wallet users. - Cross-Atlantic perspectives: Insights from US and UK analysts present a diverse view on the adoption of digital wallets, offering a broader understanding of the global digital economy.

Visa is upgrading its A2A payments framework in Europe to spur adoption. And earlier this year, FIS added pay-by-bank solutions in the US through a partnership with Banked. And merchants also want to get in on the action. Walmart will reportedly roll out a retail pay-by-bank offering in 2025 through a tie-up with Fiserv.

59% of US shoppers are most influenced by honest creator reviews that showcase the pros and cons of a product, according to a September 2024 survey by Bazaarvoice and Savanta.

They captured 32% of ecommerce payment value in 2021鈥攙ersus only 9% at the point-of-sale, per the 2022 FIS Global Payments Report. Mobile wallets鈥� share of ecommerce spend is expected to surpass 34.5% by 2025. The demographics: The youngest consumers are driving UK mobile wallet leadership.

UK food price inflation is hitting record highs鈥攂ut grocery sales are flat. Faced with rising bills, consumers are changing shopping habits to keep spending in check.

Unit sales from non-store retailers鈥攅.g., ecommerce pure plays, markets, and stalls鈥攈ave been trending downward since shoppers were able to return to stores in early 2021, per ONS data. People are also switching to budget stores now: Primark and Aldi, both primarily brick-and-mortar, are among those to have seen strong growth. Shoppers are slashing ecommerce spending on nonessentials.

Across Europe search will claim a higher share of digital ad spending in 2023 than in other regions. Meanwhile, spending on retail media networks is surging. Total outlays on retail media in Europe hit 鈧�7.9 billion ($7.97 billion) in 2021, according to Interactive Advertising Bureau (IAB) Europe, and are expected to reach 鈧�25 billion ($25.21 billion) by 2026.

EPI wil pilot a digital wallet and instant payments system after axing its plans for a pan-European payments network

According to NielsenIQ data cited by FEVAD, 58% of new CPG ecommerce buyers in 2020 (over 3.3 million households) continued to purchase such products online in 2021. NielsenIQ also estimated that 11% of all consumer products sales came from ecommerce in 2021. CPG is also relatively resistant to economic uncertainty and other external influences, as this category includes essential items for consumers.

The retail landscape in Europe looks bleak: Retail sales in Europe fell at the highest rate since July 2021. That鈥檚 a sharp contrast to the US, where consumers keep spending.

US grocery ecommerce sales will grow 17.4% in 2024 to total $219.04 billion, according to our forecast. Meanwhile, UK grocery ecommerce sales will grow only 5.1% to total $37.06 billion in 2024. 鈥淎t the end of the day, consumers in the US enjoy the conveniences of delivery, but they鈥檙e not necessarily willing to pay an exorbitant fee,鈥� said our analyst Blake Droesch, emphasizing the perceived value of Walmart+ and Amazon Prime memberships to these shoppers.

BNPL accounted for 6% of ecommerce transactions and was the fifth-most-popular brick-and-mortar payment method in the UK last year, per FIS. In-store and online BNPL constituted a greater share than prepaid cards and other payment methods in the UK.