From the moment their website goes live, many e-commerce companies are operating across borders and in multiple currencies. The expectations of consumers mean the process of buying and receiving payment needs to be faultless from the outset. For their banks, this requires providing multiple payment options, straight-through processing and highly sophisticated treasury services.
The numbers involved are growing fast. Deloitte’s ‘Global powers of retailing 2016’ report found Amazon to be the world’s most profitable online-only retailer, recording a retail revenue of $70 billion.
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