Ecommerce Information

Mr and Mrs Smith Go Online, as Internet Technology Moves from Fantasy to Normality


According to NOP World, 48% of all Internet users have researched or purchased financial products such as insurance and loans on the internet, or used online banking facilities. In April, NOP World had already recorded estimates of 28 million people online in Great Britain, with 13.5 million exploiting the Web for their financial requirements.

NOP World's report showed that of the financial activity, most was research related; as 84% of Internet users seeking financial services used the Internet to gather information, utilising sites such moneynet.co.uk and moneysavingexpert.com. Over half of the users surfing the Web for financial information were happy to contact suppliers via their websites and e-mail.

Although only 3.3 million consumers bought loans and insurance online last year, NOP state that confidence in buying such products over the internet is growing, with recent figures showing an increase of 43% in people researching, then purchasing online.

Internet banking is also increasing in significance. There are now over 10.3 million consumers managing their bank accounts online, a result of increased confidence for the consumer and simplification of front-end technology by financial organisations and providers.

Despite the positive news, finance companies could go further in encouraging consumers to take up the internet as a tool to manage their finances. NOP World has additionally reported that many online accounts remain dormant stating that the problem affects all banks "even specialist online providers, with dormancy rates ranging from as low at 10% to as high as 80%". Moneynet.co.uk, Moneyextra and Moneyfacts.co.uk, online comparison and information websites, specialising in personal finance, have already tried to resolve the issue of consumer apathy and financial lethargy by introducing product guides to explain complex terminology.

For further information:
http://www.nopworld.com
http://www.moneynet.co.uk/

About our Rachel:

Rachel writes for the personal finance blog Cashzilla: http://www.cashzilla.co.uk

Rachel has all her own teeth.

  


MORE RESOURCES:

Technical.ly

Ecommerce platform WebLinc raises $6M from Safeguard Scientifics
Technical.ly
WebLinc's target market are “mid-market” ecommerce companies that have anywhere from $10 million to $150 million in revenue, and right now, WebLinc has the chance to capitalize on that market because many of its competitors have been acquired by ...
WebLinc Raises $6M Series A To Expand Its Fast-Growing eCommerce PlatformTechCrunch
WebLinc nabs $6M to grow its digital e-commerce platformVentureBeat
WebLinc garners $6 M Series A funding from Safeguard Scientifics for digital ...Venture Capital Post
MarketWatch -Thomson Reuters' peHUB (press release)
all 13 news articles »


The Guardian

eBay startups: the businesses created from 15 years of ecommerce
The Guardian
Both thought ecommerce, then in its early days, had great potential. So Bamford Trading – a one-stop shop for trade and DIY – was born. That was 10 years ago, and the business has since had sales in excess of £5m, with a £1.4m turnover last year.



BusinessNewsDaily

Social E-Commerce App Drives Traffic to Your Online Store
BusinessNewsDaily
Need more traffic to your online store? A new social e-commerce Web and mobile app can help. Social shopping community Bestie launched today (Aug. 19), offering merchants a consumer-driven e-commerce platform to list products and bring customers to ...

and more »


Times of India

E-commerce industry as a career option: An overview
Times of India
India's e-commerce market grew at a staggering 88% in 2013 to $16 billion, riding on booming online retail trends and defying slower economic growth and spiralling inflation, according to a survey by industry body ASSOCHAM. It is a rapidly expanding ...

and more »


Singapore's investment funds blaze ecommerce trail
Financial Times
Singapore's two investment funds, GIC and Temasek, have emerged as the biggest state-backed investors in technology, telecoms and ecommerce in the past 12 months, ploughing a combined $3bn into the sectors. That dwarfs investment by their global ...

and more »


E-commerce offers more than just a menu
Sun-Sentinel
So why would you return to a website that offers tantalizing products but gives you only one way to make them your own? E-commerce has become a defining competency for today's businesses. Those offering a way to purchase their products online are more ...



Personalization-as-a-service is the new thing in ecommerce
Tech in Asia
And like many ecommerce companies, he ran into a brick wall. “There was no way for small merchants to show related products beyond putting them into categories. So we built one in-house. It works very well, and it dawned upon me that we can spin this off.



We've figured out payments, so what's next for Zim e-commerce?
Technology Zimbabwe
Beyond the success of the developer day the event marked a huge leap for e-commerce in Zimbabwe. Two aspects whose conjoining has a huge bearing on e-commerce success, payments and system development, where brought together in one space.



Marketing Land

Report: Mobile 21 Percent Of E-Commerce, Will Be $84B In 2014
Marketing Land
Internet Retailer projects that by the end of the year mobile devices will account for 21 percent of e-commerce sales for the “500 leading retailers.” Globally, the publication says, mobile commerce will bring in nearly $84 billion in 2014. The report ...

and more »


The Hindu

Arvind enters e-commerce space
The Hindu
Textile and apparel retailer Arvind announced that its in-house start-up venture, Arvind Internet Ltd., will set up an e-commerce site, which will sell customised apparel under the brand Creyate. Kulin Lalbhai, Executive Director, Arvind, said that the ...
Arvind forays into e-commerce spaceDaijiworld.com
Arvind launches e-commerce platformFinancial Express
Arvind set to foray into e-commerce with 'Creyate'Hindu Business Line
Fibre2fashion.com
all 35 news articles »

Google News

Article List | Index | Site Map
All logos, trademarks and articles on this site are property and copyright of their respective owner(s).
The comments are property of their posters, all the rest is Copyright © 2006 CanadaSEEK.com - All Rights Reserved.