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Even if a US deal is reached, tariffs on Chinese goods could significantly harm TikTok鈥檚 ecommerce business in the US, which relies heavily on cross-border merchants. While the Specialized Rewards Program could help TikTok convince wary creators of the app鈥檚 value, it won鈥檛 mean much if a ban ensues.

Without agreements on cross-border data flows or digital taxation, advertising platforms and digital marketers face continued regulatory uncertainty. Q5: Are there any implications for digital services and tech industries? The deal does not contain any binding provisions to the UK鈥檚 Digital Services Tax (DST), a 2% levy on revenues of companies that earn more than 拢500 million ($639 million) globally.

Cross-border concerns: Banks with operations near Canada are wary of potential disruptions to cross-border ties and economic relationships, and how the strained relationships could impact the local economy. Over the next few years, community bankers expect:.

If US tariffs on goods and services imported from Canada are rolled out broadly and maintained, immediate changes will be seen in our forecasts for retail sales, ecommerce sales, and cross-border buying. Still, the on-again-off-again trade decisions leave much uncertainty at this stage.

These shifts will not only affect sourcing and fulfillment but also marketing budgets and retail margins, especially for brands selling cross-border or managing multicountry campaigns. Our take: For Latin American retail and ecommerce professionals, this is a moment to stress-test supply chains, tighten communication with US partners, and monitor bilateral developments closely.

Others that are more reliant on D2C brands or cross-border commerce may face increased headwinds. Click here to view our full forecast for US digital ad spending, by tariff scenario.

Cryptocurrency volatility has tempered expectations for crypto payments. But it hasn鈥檛 erased them: Retail, remittance, and cross-border B2B payments remain in growth mode.

Consumer device and behavior trends are affecting payment providers鈥� strategies across retail, P2P, B2B, disbursement, and cross-border channels. Here鈥檚 what that means for the payments ecosystem.

Cross-border ecommerce continues to rise in popularity among US consumers, even as growth in the number of buyers slows. In 2023, the US will rank second globally in total cross-border buyers, with 69.8 million, per our forecast. It will trail far behind China鈥檚 280.0 million, but that鈥檚 because of relative population sizes.

This move also strengthens PYUSD鈥檚 role in cross-border transactions by enabling faster, cheaper, and more stable global transactions. Crypto debit card usage will grow, enabling seamless crypto-to-fiat spending. Mastercard鈥檚 2024 partnership with crypto payment solutions provider Mercuryo launched a euro-denominated card accepted at over 100 million merchants.

Chinese ecommerce players account for over half of cross-border retail ecommerce sales in South Korea, with sales more than doubling in 2023, according to Euromonitor. In a September 2024 press conference, AliExpress said it aimed to reach at least half of all digital buyers in South Korea within three to five years.

Business cards and money links can help address cross-border payment challenges.

In the past couple of years, the cross-border arm of Alibaba has made inroads in South Korea due to its cost-of-living crisis. But the ecommerce platform has also been dealing with mounting consumer complaints over a range of product issues. Alibaba said that it will collaborate with authorities and vowed to tighten supervision of its supply chain. Predictions.

Cross-border payments play a crucial role in Mexicans鈥� financial health. According to our forecast, $70.14 billion in remittances will flow into Mexico this year. They made up roughly 4% of Mexico鈥檚 GDP in 2023, per Banco de M茅xico and World Bank data. Fintech innovation around remittances has surged to help facilitate these flows.

At the same time, Alibaba鈥檚 cross-border influence is growing. International ecommerce revenues jumped 32% YoY to RMB 37.76 billion ($5.27 billion) as more overseas customers turned to the retailer鈥檚 AliExpress and Trendyol platforms.

Why this matters: Alipay and its cross-border counterpart, Alipay+, have been working to expand their payments volume and customer base by leaning into travel. Alipay has expanded its merchant acceptance internationally through partners like Adyen, which made Alipay+ accepted at its point-of-sale (POS) terminals in the US and Europe.

Cross-border and B2B payments pushed up the network鈥檚 payments volume during fiscal Q2.

The United Arab Emirates (UAE) is a fast-growing and lucrative ecommerce market. To tap into growth in the country, retailers and brands need to understand what motivates consumers.

The EU proposed a fee on small shipments: The new tax would add to the growing challenges facing Shein and Temu.

In our exclusive survey with ESW, data from shoppers in 18 countries reveals new twists in the path to purchase, the rising momentum of marketplaces, and the resilience of age-old fundamentals.

Ant Group鈥檚 cross-border payments arm will help wallets from across Asia-Pacific operate in mainland China during the 2022 Asian Games.