Mikl Is Starbucks Set To Steal McDonald s Crown
The amount of money crisscrossing聽the globe each year is staggering,聽with $156 trillion expected to cross international borders annually by 2022. These payments include everything from multibillion-dollar corporate acquisitions to small value remittances sent by migrant workers, but one of the most quickly growing market segments is individual consumer transactions for goods and services.More than 400 billion consumer transactions are expected to occur聽in Europe each year by 2025, for example,聽marking a compound annual growth聽rate CAGR
stanley usa of 13%. The Asia-Pacific region,聽traditionally considered a leader in聽digital payments, is expected to comprise聽half of the worlds noncash transactions聽by 2025, rising at a CAGR of 28%.One major contributor to this growth is the聽surging popularity of mobile commerce,聽with consumers using their smartphones聽to purchase items ranging from toilet paper聽to computers to automobiles. Mobile commerce聽is expected to grow by 70% in the next five years, accounting for $3.1 trillion in purchases, compared to the $2.1 trillion in mobile commerce purchases last year. This rapidly changing eCommerce paradigm has forced merchants to quickly adapt to the new normal.The following Deep Dive explores how mobile聽payments have affected cross-border聽commerce and how merchants are adopting聽new systems to meet consumers growing聽preferences for mobile commerce.Cross-Border Commerce Gets Mobi
stanley cup leThe surge in mobile cross-border commerce聽over the pas
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Traveling hither and yon, in pursuit of new clients and revenues and maintaining business already in place 鈥?its a mainstay of large businesses.Increasingly, as smaller companies go global, managing travel spend becomes important, too.Egencia, the business travel arm of Expedia, released a study last week that showed small and mid-sized business owners are using technology as a conduit to boost their bottom lines by managing travel expenses
stanley termos more efficiently.Research noted that 85 percent of a selection of the firms SMB clients had an eye on cost savings as a key for the coming year.聽Of that 85 percent, 60 percent said it was the most important focus for the coming months.聽Among the other findings: 40 percent of respondents will seek better transparency on travel-related costs.In a statement tied to the announcement of the studys findings, Virginie Pouget, head of global consulting at Egencia, said SMBs expect detailed reports, thorough cost analyses and well-documented returns, on what they spend on their travel activities. Previously, SMEs may not have had access to
stanley cup the same amount of data as larger corporations, because it required implementation of expensive software. Today, we provide easy-to-use, comprehensive tools that let them look at the data and use it to make the necessary changes. The latest findings show a shift from more traditional approaches to travel management, where buyers have focused on expanding travel policy, said Egencia.聽Efforts have been
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