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Regulation will disrupt some digital players, while retail media and genAI adoption will create opportunities across advertising and commerce.

The end of de minimis is nigh: The rule that fueled the rise of Temu and Shein is set to end on May 2.

As Latin America鈥檚 digital revolution marches on, advertisers and retailers must keep pace with how and where consumers are spending their time鈥攁nd money鈥攊f they wish to maintain a competitive edge in today鈥檚 rapidly evolving business environment.

Consumer-to-consumer resale, which accounts for 12% of online fashion sales, is expected to experience an 鈥渆xplosive鈥� growth of around 42% by 2026, per a September 2023 report by Cross-Border Commerce Europe.

Forever 21鈥檚 long-shot plan to emerge from bankruptcy involves copying Shein: The fast-fashion retailer plans to adopt an ecommerce-only model if it fails to find a buyer to manage its stores.

To accelerate growth, Alipay is looking globally, with Alipay+, its cross-border arm, playing a key role. Alipay+ lets consumers outside of China make payments both while visiting the country and in other regions through partnerships like this one with Adyen. After making various tie-ups and investments in Southeast Asia, the company is now focused on Europe, Latin America, and the Middle East.

Dollarization will boost cross-border trade in Argentina. High import taxes, a devalued currency, and protectionist economic policies have made products purchased from abroad prohibitively expensive.

To see the full forecast for cross-border buyers in Canada, click here. Amazon Prime memberships continue to climb. Even without physical stores, Amazon is Canada鈥檚 top mass merchant. Sources. Deloitte. EHI Retail Institute. Field Agent Canada. Jones Lang LaSalle (JLL). Similarweb. Walmart.

Collison added that crypto 鈥渨orks better than fiat payments in a lot of cases," including cross-border transactions in countries with weak payment rails. Stripe will let consumer demand guide which areas of crypto to focus on. Catch up quick: Stripe has had mixed success with crypto.

By making cross-border payments cheaper, Wise can tap a huge market: Remittance inflow to India will reach $103.88 billion this year, per Insider Intelligence forecasts. And Wise鈥檚 higher savings rates can help it stand out from lenders offering weak returns in the UK.

Retail, remittance, and cross-border B2B payments continue to draw in market participants. Read the full report.

A lot happens in a week, so every Friday we're going to analyze all the new data and provide you with some of the key takeaways. Welcome to the Friday 5. This week, Temu and Shein get a scare, consumers use buy now, pay later (BNPL) apps to discover new products, and Super Bowl viewers don鈥檛 really care about ads for AI products or services.

A rise in ecommerce marketplaces accelerated cross-border buying prior to the pandemic. Now growth is slowing. But inflation will influence more shoppers to look overseas as brand loyalty wavers. China is the No. 1 beneficiary, with 41% of US cross-border buyers making a digital purchase from the country in 2022, per the International Post Corporation. Use this chart:.

Chinese ecommerce platforms seek new paths for growth: Temu expands into South Korea amid challenges in Western markets.

Shopify also offers Markets, a cross-border commerce solution that helps merchants (and Shopify) enter new international markets. Wix鈥檚 ecommerce and in-house payments solutions are gaining traction. Wix will process $6.13 billion in payments on behalf of its merchants this year, per our forecast.

With its Cross Border import service, Walmart can now transport inbound goods from Asia to Walmart Fulfillment Services facilities across the US. Walmart also announced the launch of LocalFinds, which offers shoppers direct pickup and delivery from local sellers鈥� physical stores. The service will be available starting in Atlanta and Dallas this fall, with other cities to follow.

Moving across the US-Canada border can be the first step toward international expansion for retailers. Canadian brands like lululemon athletica and Aritzia are thriving in the US. Meanwhile, US-based companies Lowe鈥檚, Nordstrom, and Bed Bath & Beyond recently announced they were leaving Canada. And let鈥檚 not forget Target鈥檚 famous Canadian failure. Here鈥檚 a look at how brands on both sides of the border have fared, and the lessons you can learn from them.

Challenges mount for Temu and Shein: Both are facing crackdowns by US and EU regulators that could severely curb their long-term prospects.

Article: Tencent鈥檚 cross-border payments suite highlights growing need to boost global business. Methodology: Data for retail ecommerce sales for Alibaba and in Mexico and Mercado Libre's retail ecommerce sales in Mexico figures are both from Insider Intelligence's June 2022 forecast. Data from Amazon is from Insider Intelligence's November 2022 forecast.

Multinationals beware: Pix and India鈥檚 Unified Payments Interface (UPI) are both major domestic payment success stories鈥攁nd should be a warning to card networks as fee pressure intensifies and domestic networks scale cross-border. Pix鈥檚 market-leading position in Brazil could also temper foreign payment companies鈥� expansion plans in the market.

Cross-border volume increased 16% YoY, flat on the quarter but slower than last year鈥檚 24% jump. Net revenues grew 10% YoY, up from 9% last quarter but down from 11% a year ago. Digging deeper: Visa executives spotlit three growth areas during the company鈥檚 earnings call. Value-added services.

Mastercard鈥檚 benefit: partnering with Checkout.com can give Mastercard a stronger foothold in Asia-Pacific and increase its cross-border payments volume. Asia-Pacific, the Middle East, and Africa accounted for 26% of Mastercard鈥檚 total gross dollar volume in Q4. Mastercard Send has been key to the firm鈥檚 cross-border payments volume, which grew 31% year over year (YoY) last quarter.