Retail e-commerce & PayPal in Australia
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The document discusses the growth of e-commerce and PayPal in Australia. It notes that online spending on clothes is projected to increase 138% from 2006 to 2011. It also states that over 3 million active users and 30,000 businesses used PayPal in Australia in 2010, and that Australians prefer PayPal for its security and convenience. The document argues that retail e-commerce in Australia is just beginning and that Australian retailers are well positioned to capitalize on the untapped e-commerce market and growing customer confidence in online payments.
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E-commerce involves the buying and selling of products or services over electronic systems such as the internet and mobile apps. It is driven by technological advances in areas like mobile commerce and online transaction processing. There are three main areas of e-commerce: online retailing, electronic markets, and online auctions. COVID-19 has led to increased online sales but also disruptions to supply chains and staffing. E-commerce companies have responded by focusing on digital initiatives, analytics, safety measures, and contactless delivery.
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Retail e-commerce & PayPal in Australia
- 1. Retail e-commerce & PayPal in Australia Jordan Sim - @jymmysim
- 2. Australian retail e-commerce is in its infancy
- 3. The party’s pretty quiet
- 4. And we’re still awaiting newcomers.
- 5. Online spending on clothes is set to increase by 138% between 2006 & 2011
- 6. Whether you’re large or small...
- 8. You won’t want to miss out on this e-commerce revolution.
- 9. One vendor is already playing in this space.
- 10. This is Frek-Malte Feller , MD PayPal Australia. He said...
- 11. More than half of Australia’s top 100 retailers are now using PayPal. “ ”
- 12. In 2010, PayPal Australia recorded over 3 million active users...
- 13. and over 30,000 businesses ...
- 14. PayPal is Australia’s preferred online payment mechanism (Nielsen survey, 2009)
- 15. Australian customers like PayPal for 2 reasons:
- 16. PayPal makes them feel secure
- 17. PayPal is easier (entering credit card details is just too tedious)
- 18. And now PayPal is even mobile .
- 19. And now even more convenient than ever.
- 20. My thoughts?
- 21. Retail E-commerce in Australia is just beginning.
- 22. Australian retailers are in a unique position today:
- 23. Firstly, the current Australian retail e-commerce market lacks serious competition.
- 24. Secondly, Australian customers are becoming more confident in online payment security.
- 25. Thirdly, mobile commerce (m-commerce) is on the horizon with huge potential.
- 26. Now is the time for Australian retailers to take e-commerce seriously.
- 27. Got comments? Let’s talk! twitter: @jymmysim blog: http://bloggr.jymsym.com