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Go further: Check out our latest US Retail Ecommerce Marketplaces forecast for more on what Amazon and other retailers are doing to grow marketplace sales.

On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss why US home improvement company Lowe's didn't work out in Canada, why Canadian athletic apparel retailer lululemon athletica succeeded in the US, and which Canadian brands would prosper in the US if they chose to fly south. Join our analyst Sara Lebow as she hosts analyst Paul Briggs and vice president of content Suzy Davidkhanian.

Few US merchants are selling goods on TikTok Shop: Many are reluctant to invest time and resources in the platform given the widespread speculation that it will be banned or sold.

After the self-inflicted stagnation of 2022, China鈥檚 retail and ecommerce sales growth is somewhat back on track. At the company level, Douyin has burst onto the scene as a major retailer, and Pinduoduo鈥檚 ascent continues.

These visitors are likely to spend heavily during the quadrennial event鈥攈elping bolster Visa鈥檚 cross-border payments volume, which surged 36% year over year (YoY) in the three months ending September 30, 2022. Visa CFO Vasant Prabhu highlighted strong travel spending as a growth driver last quarter. It can trial new tech before a broader rollout.

Ecommerce. Maturity and Iteration. Walmart鈥檚 digital sales channels were slow to gain momentum until the pandemic forced retail to move online in early 2020, despite the more than two decades of experience it has in ecommerce. Still, Walmart emerged as a substantially larger ecommerce player.

As ecommerce growth normalizes and companies prioritize profit, payments providers are facing slashed valuations and tapering revenue growth. This more challenging environment鈥攚hich particularly affects fintechs鈥攑ortends two potential consequences:. Incumbent-led consolidation.

Visa has issued policy guidance on its in-development Universal Payment Channel technology, which would connect blockchain networks and enable cross-border CBDC payments. Sources. Atlantic Council. Bank for International Settlements (BIS). CoinMarketCap.com. Federal Reserve Board. Morning Consult. People鈥檚 Bank of China. PYMNTS.com. Ripple.

ChatGPT has fast become one of the biggest buzzwords in retail. But retailers remain cautious over its potential pitfalls, especially concerning direct interactions with customers. We delve into the future of generative AI and provide actionable steps for retailers and brands to prepare for its rise.

PayPal, for example, plans to tighten Venmo integration this year, while Zelle鈥檚 parent company Early Warning Services is exploring a retail ecommerce wallet.

Visa鈥檚 benefit: The expanded partnership also builds out Visa Direct, helping the card network rake in more cross-border volume鈥攁 key growth driver in its last quarter. Visa鈥檚 cross-border volume (excluding intra-Europe) increased 48% YoY in its fiscal Q3 (ended June 30, 2022), surpassing pre-pandemic levels for the first time.

Just over 10% of B2B product sales鈥�$1.676 trillion鈥攚ill take place via ecommerce websites in 2022. Growth will remain strong through 2026.

Christopher Waller noted in a session that, particularly when it comes to cross-border payments, the industry still needs to innovate around rigid regulatory requirements related to money laundering and terrorist financing. He said it鈥檚 up to fintechs to 鈥淸use] technology to address this and make payment faster, more efficient, and cheaper.鈥�.

And it can generate more business for merchants: PayPal customers are twice as likely to shop when they see a PayPal button, Schulman said on the Q1 2022 earnings call. It also reduces friction for consumers since this checkout option is available across so many different merchants, even smaller companies or cross-border ones, making the solution more attractive to consumers.

And digital wallets are expanding their retail use cases: Amazon just added PayPal鈥檚 Venmo as a payment method, for example.

How do things look over the border? You're a close neighbor. Is generative AI playing out in a similar fashion there? Paul Briggs:. Yeah, the Chat Gpt moment that's happening around the world is certainly happening in Canada as well, and several brands have dipped their toes in the water to try to execute campaigns using Chat Gpt to generate interest from some of their consumers.

Like its peers south of the US border, India is expected to maintain its digital ad spending growth momentum for several more years. In 2023, India will become the 10th-largest total ad market in the world, entering that elite echelon for the first time.

In terms of cross-border infringements, for example, the ICCL found that 75% of the Irish Data Protection Commission's EU level decisions were overruled." Here's European Data Protection supervisor Wojciech Wiewi贸rowski outlining the problem. Wojciech Wiewi贸rowski:. There is actually no system of harmonization of the judicial review over that.