Key Trends in Fintech and E-commerce

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Accelerating the future: Key trends in fintech and e-commerce

Karin Friedman
April 12, 2021

As modern technologies become more and more sophisticated, they change not only our personal lives, but also the way we shop and manage our finances.

At our recent global virtual summit Beyond 24-hour global virtual summit for digital business, Payoneer Direct CEO Eyal Moldovanian talked about how technology is rapidly changing the world of e-commerce and how tensions between traditional banks and fintechs are linked to the financial needs of digital and cross-border entrepreneurs.

Here we delve deeper into the latest trends in world trade, the impact of the current COVID-19 pandemic on these trends and more!

To watch the full session, click below!

Technology is transforming Global Commerce

Borders don't matter anymore. Popular communication technologies such as WhatsApp, WeChat and Viber have allowed us to communicate with each other like never before, and have led to huge opportunities in emerging markets where millions of entrepreneurs and small businesses around the world can now compete in the global market for their services more than ever.

In addition, the surge in global markets and platforms such as Amazon, Fiverr, Airbnb and Uber has disrupted the way we find jobs, consume products, and the way we travel.

In addition, through a cross-border payment solution such as Payoneer, millions of small businesses around the world can easily earn their hard-earned money through these emerging markets and eventually grow and expand their businesses.
The impact of COVID-19 on e-commerce

There is no doubt that the current pandemic has accelerated global e-commerce and completely changed consumer purchasing behaviour. We shared some intriguing ideas about how online retail continues to show significant growth and that U.S. research has shown that e-commerce continues to grow every year. When COVID-19 forced the whole world to stay at home, we saw a huge change in digital commerce. The trends, which are projected to develop in a decade, occurred in just eight weeks, proving that the pandemic will only move trends forward as more and more consumers become aware of the benefits of e-commerce.
The Rise of Remote Work

In addition to trade, the pandemic has undoubtedly changed the way we work and has proven that many of us around the world have been able to operate from our own homes in a more efficient way without entering our traditional offices. In fact, major technology companies and social platforms have announced that they will allow employees to work from home even after the pandemic subsides.

As more and more companies and businesses moved their workforce to remote work, the acceleration of both WFH and e-commerce has led to significant demand for more online services from today's gig economy. Demand for services such as online customer support, advertising, web development, SEO, marketing and more has grown rapidly.
Here's the fintech.

In addition to the highlights and trends mentioned above, this session offers more information about today's thriving fintech companies and how they continue to help budding digital entrepreneurs around the world grow their businesses.

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