It’s become clear that the world has seen a definite shift into digital payments all over the globe, and RetailDetail.com’s latest article, “European E-Commerce Grew Another 20% Last Year,” says it all. They provide interesting statistics that paint a clear picture of the shift that is taking over European commerce.
The largest European internet population currently resides in Germany, Russia, the United Kingdom, France, and Turkey. In Turkey alone, there are over thirty-five million internet users, and they have the thirteenth largest online population in the entire world.
70% of internet users in Turkey are under the age of thirty-four and the average age of these users is twenty-nine. Their favorite social sites are Friendfeed, Facebook, and Twitter. With this widespread movement onto social media, comes the need for internet payments.
The more time people spend online, the more likely they are to feel acclimated and comfortable. They will soon be more comfortable in making online purchases, and often they will make purchases on sites that were advertised to them based upon the system’s ability to track a user’s likes and dislikes.
By 2020, online transactions are predicted to represent 10% of Europe’s entire economy as some countries like the United Kingdom already value e-commerce as 12% of their economy.
E-commerce is becoming a part of everyday life in European countries, and it’s important that merchants understand how profitable the market is in Europe. The whole world is becoming increasingly more connected, and buyers and sellers from all over the world are finding it simpler to sell their goods to lands they’ve never even been to.
Have you ever considered selling your goods overseas? Do you currently offer your products internationally? Tell us about it. If you interested in starting, contact us and ask us how we can help you sell your products to the world.