Category: Digital Finance

2023 is off to a rocky start for retailers. Recent events including the COVID-19 crisis, the ground war in Europe and rising inflation are all having a toll on how consumers are shopping - and merchants need to adapt to the new landscape.

In today’s commercial world, there’s a shift happening. This has seen the role of finance teams change from dealing only with accounts and spreadsheets to being involved in business strategy and decision-making too.

The global digital payments market is now estimated to be worth more than the car manufacturing sector, and is expected to reach USD$20 trillion by 2026. According to virtual payment card provider Lanistar, this extraordinary growth of some 24 percent per year is being driven by a combination of technological innovation along with changing expectations and spending habits among consumers.

iwoca has announced the integration of its B2B payment solution iwocaPay with Quickbooks’ leading accounting software package – this makes it the first invoice checkout integration with a BNPL option for businesses that integrate with QuickBooks.

Digital transformation in retail, enhancing customer experience, is the primary ecommerce market growth factor. In 2022, global retail sales reached $27.34 trillion, among which $5.76 trillion accounted for ecommerce retail sales.

If you run your own business, the upsurge in the popularity of digital wallets and mobile wallets won’t have escaped your attention. If you’re thinking about starting to offer it as a payment method but aren’t quite sure yet, this guide is for you.