WorldPay news and archive

Retail gloom: 46 percent of retailers foresee drop in consumer spend

London - Despite buoyant economic data from across the retail sector and no signs of consumer confidence wavering, British retailers hopes for the future and consumer spend remains bleak following the Brexit vote. According to the most recent data from the Office for National Statistics (ONS) the overall volume of retail sales was up 1.6 percent...

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Report

London's prime shopping districts to cash in on Chinese Lunar New Year

The start of the Lunar New Year Golden Week is likely to bring a boost in international spend on Monday in London's prime shopping areas as visiting Chinese shoppers treat each other and friends and family. The annual celebration, which is traditionally accompanied by the exchange of red envelopes and gifts, could see spend from visiting Chinese...

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Apparel

E-wallets to rival cards as most popular online payment type

Alternative online payments are to overtake credit and debit card payments globally by 2017, according to WorldPay’s ‘Your Global Guide to Alternative Payments’ report. The study found online purchases made using alternative payments, any form of payment other than credit or debit cards known as e-wallets, will rise to 59 percent in 2017, from...