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Digital retail investment | Mobile purchasing in India | World Trade Outlook Indicator

Shopping with mobile phone
Retailers increase digital investment
 

73 per cent of UK retailers are currently investing in digital and mobile technology in an effort to drive customer loyalty and retention, as well as to give customers a more satisfying in-store shopping experience.

“The way consumers shop has changed, and as a result their expectations are no longer the same. Mobile has now become an integral part of the shopping experience, both online and in-store,” said Severine Philardeau, VP of Retail and Brand Solutions at VoucherCodes.co.uk, RetailMeNot.

 
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Mobile wallets gain popularity in India
 

According to Google and A.T. Kearney, mobile purchasing is set to make up 70 per cent of digital purchases in India by 2020 and evolving technology is bringing new payment options to the market.

Cash on delivery remains the top payment method in India, with a 57 per cent share of digital purchases in 2015. However, mobile wallets – carrying credit or debit card information digitally on a mobile device – currently have an 8 per cent share, and are set to almost double to 15 per cent of digital purchases by 2020.

 
Mobile wallet

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WTO
World Trade Organisation to give trade trends in real time
 

The World Trade Organisation (WTO) has launched a World Trade Outlook Indicator (WTOI), to provide real time information on global trade trends.

“In serving as a quarterly signal of current and short-term trade conditions, the World Trade Outlook Indicator responds to strong interest from policymakers and the business community for more immediate, real time information on trade and trading conditions,” said WTO Director-General Roberto Azevêdo.

 
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Thursday 14 July 2016

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