Trends in Global Trade for 2015

Trends in Global Trade for 2015

Mobile e-commerce and payment solutions have been in the trough of disillusionment for awhile now, at least within the context of technology hype. However, in the above infographic which covers global trade trends going into 2015, it is becoming clear that such solutions are finally coming into their own.

Currently mobile commerce sales are worth $133 billion, but by 2018 this will quadruple to $626 billion. Only 34% of consumers have bought online through their smartphone, and this is poised to continue to increase significantly.

Previously this year, we talked about the potential of bitcoin and other cryptocurrencies to disrupt the payment space. “Bitcoin is the opposite of PayPal, in the sense that it actually succeeded in creating a currency” says Peter Thiel, the established venture capitalist and a previous founder of Paypal. However, with the introduction of Apple Pay and ongoing development of CurrentC, the landscape looks more competitive than ever.

Opening graphic from: Suntrust

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