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Positive Developments In eCommerce Platforms, Contactless Cards

Alibaba‘s Singles’ Day online shopping event set a new record for performance. In luxury retail, Cartier has made an investment in Farfetch, while Burberry‘s earnings showed a return to sales growth. And in payments innovation, COVID-19 has rapidly accelerated the global shift to digital eCommerce, as safety-minded shoppers can be seen tapping contactless cards. All this, Today in Data.

Data:

$550M: Amount of Cartier’s investment in online luxury marketplace Farfetch.

88%: Portion of POS terminals expected to be NFC-capable by 2024.

$74.1B: Overall minimum sales for the Singles’ Day shopping event.

56%: Share of consumers who say their merchants have added or improved curbside pickup since the pandemic began.

35%: Portion of in-store transactions in the UAE that are conducted using contactless cards.

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