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ecommerce fintech trends

Accelerating the Future: Major Trends in Fintech & eCommerce

Richard ClaytonRichard Clayton
April 12, 2021

As today’s technology continues to become more and more advanced, it’s not only changing our personal lives, but the way we shop and manage our finances.

At our recent Beyond 24-hour global virtual summit for digital business, Payoneer’s very own General Manager of Direct, Eyal Moldovan discussed how technology is rapidly changing the eCommerce world, and how the tensions between traditional banks and FinTech’s are being linked to accommodate the financial needs of digital and cross-border entrepreneurs.

Here we’ll dive deeper into the latest trends in global commerce, the impact the current COVID-19 pandemic has had on these trends and much more!

To watch the full session, click below!

Technology is Transforming Global Commerce

Borders have almost no meaning anymore. Popular communication technologies like WhatsApp, WeChat and Viber have all allowed us to connect with one another like never before and has led to profound opportunities in emerging markets where millions of entrepreneurs and small businesses around the world can now compete in a global market for their services more than ever.

In addition, the surge in global marketplaces and platforms such as Amazon, Fiverr, Airbnb and Uber have all disrupted the way we either find work, consume products, as well as how we travel.

Furthermore, with the help of a cross-border payments solution like Payoneer, millions of small businesses worldwide are able to receive their hard-earned funds with ease through these evolving marketplaces and eventually grow and expand their business.

COVID-19’s Impact on eCommerce

There’s no doubt that the current pandemic accelerated global eCommerce and completely changed consumers’ shopping behaviors. We shared some intriguing insights on how online retail continues to show major growth and that U.S. research has found that eCommerce continues to reach higher growth each year. When COVID-19 forced the entire world to stay home, we saw massive changes in digital commerce. Trends that were projected to develop in a decade’s time occurred within just eight weeks, proving that the pandemic will only push trends forward as more and more consumers have come to a realize the benefits of eCommerce.

The Rise of Remote Work

Asides from commerce, the pandemic undoubtedly changed the way we work and proved that many of us worldwide were able to work from our very own homes, in a more effective manner, without having to enter our traditional offices. In fact, major tech companies and social platforms announced that they would let employees work from home even after the pandemic subsides.

As more and more companies and businesses shifted their workforce to work remotely, the acceleration of both ‘WFH’ and eCommerce has led to a major 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 were all skyrocketing.

Here Comes the FinTech’s

In addition to the highlights and trends mentioned above, this session offers more insights into today’s thriving fintech companies and how they continue to assist aspiring digital entrepreneurs around the world to grow their business.

To continue watching all of our Beyond sessions, click below!


The content provided in this article including any information relating to pricing, fees, and other charges is accurate and valid only as of the date it was published. In addition, changes in applicable regulations, policies, market conditions, or other relevant factors may impact the accuracy of the mentioned pricing and fees and other associated details. Accordingly, it is further clarified that any information regarding pricing, fees and other charges is subject to changes, and it is your responsibility to ensure you are viewing the most up to date content applicable to you. Payoneer will provide the most up to date and accurate information relating to pricing and fees as part of the account registration process. Registered customers can view this information via their online account.

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