24% of ecommerce in Europe is cross-border. Ikea Group takes the leading position in the TOP 500 Cross-Border Retail Europe.
The total online cross-border market (excluding travel) in Europe represented a turnover of 108.75 billion euros in 2019. This is an increase of 14.4 percent compared to the situation one year before. The cross-border share represents 23.55 percent of total online sales in Europe, which is similar to the situation last year, according to ecommercenews.eu.
The cross-border share of total ecommerce in Europe is only slightly higher than it was last year. Back then, it was 22.8 percent, now it’s 23.55 percent. And most of the cross-border trade in Europe (55 percent) is generated by players from within the European Union. Their market share has increased by 3 percent compared to 2018.
This year, Ikea Group takes the leading position in the TOP 500 Cross-Border Retail Europe. The Swedish furniture retailer generated a cross-border revenue of 4.6 billion euros in 2019.
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: