The Evolution Of Retail, X-Border Payments Amid The Pandemic

Target and Ulta are teaming up on a “shop-in-shop” concept, as the cosmetics business continues its pandemic-fueled evolution. In eCommerce, the Singles’ Day shopping event in China, which was four days long this year, is coming out ahead of expectations. And, in business-to-business (B2B) payments, the pandemic is reshaping cross-border payments inside the luxury fashion vertical. All this, Today in Data.

Data:

2009: Year in which Singles’ Day, which has typically been a one-day sales event, began.

100: Minimum number of locations at which “Ulta Beauty at Target” will debut.

64%: Portion of B2B firms that plan to increase their eCommerce investments.

$18T: Predicted value of B2B transactions made via an instant payment in 2025.

6: Average number of banks global companies work with for cross-border payments.