China continues to lead the march to online and cross-border shopping habits. This year’s findings support the growth trend: 35% of online shoppers claim to have shopped cross-border in 2015, vs. 26% in 2014. China’s overall online shopping population saw modest growth (81% of online adults report having shopped online in the last 12 months in 2015, vs. 80 % in 2014)
A new study has discovered American consumers want more from their banks than apps — they want advocates. Also, 70% of consumers across all generations (85% of millennials) believe banks current with the latest technology are more trustworthy than banks that lag.
Tencent’s WeChat has become the first social communication application to provide a technology platform to support person-to-person cross-border money transfer capabilities to more than 200 countries and territories. WeChat U.S.users can now access Western Union’s WU Connect platform.
The average yield among the nations’s top four bank credit card issuers came in at 11.53% for the third quarter, compared to 11.59% for 3Q/14. Capital One (COF), continues to lead the top pack with a 14.45% Q3 yield according to CardData. Chase and Citibank yields declined in the quarter.
Free-to-play MMO and mobile games generated two-thirds of the $63.7 billion global digital gaming market in 2015. The most lucrative games are becoming “services,” which may be downloaded for free, but are ﬁnanced through steady digital transactions.
MasterCard says the new startups comprising the first global Start Path class, include British AI business, Rainbird. During the six-month program, participants will obtain mentoring from MasterCard experts, access to the company’s commercial partners and the opportunity to integrate with MasterCard products and tools.