We are focusing on EU and non EU small and medium e-commerce, export/ import, trade,
freelance companies, with turnover less than 1 million EUR per year. Market opportunity > EUR 621B per year. In 2020-2021 year the company plans to start work in the US, Canada market and also develop partnerships through major payment operators in other countries, opening operational accounts for them. These strategic partnerships allow accelerating the access of other fears to financial markets without attracting additional capital for licensing and marketing.
Distribution as a percentage of customers by EU and non-EU countries and business risk groups: 60% - the European Union, 40% - low risk, 40% - medium risk, 20% - high risk. 40% - not the European Union, 60% - low risk, 30% - medium risk, 10% - high risk.
The number of potential customers only in Europe alone is more than 270,000 SMEs in e-commerce.
Ecommerce in Europe is forecasted to be worth 621 billion euros by the end of 2019. This would mean an increase of 13.6 percent compared to the situation last year, when ecommerce was worth 547 billion euros. We do not stop only on the e-commerce market, but expand the boundaries of the provision of banking services by both residents and non-residents of the European Union, companies that conduct their financial activities in the following areas:
Banks, EMI, payment institution, MSO, PSP, Payment gateway, Trading companies, Holding, E
wallet, Resellers, Crypto companies, Industries (IT, Shipping, travel, export/ import companies, Gaming companies (casino, bet, etc).
We will get more than 1400 B2B users in 2020, 60% - EU B2B customers and 40% - non EU B2B customers.
Share of European consumers who shopped online
The share of consumers using the internet who shopped online in the last year varies per country. In Switzerland, the United Kingdom and Denmark it’s over 85 percent, while in countries such as Romania and Ukraine, less than 26 percent shopped online last year.
European e-commerce grows 13 percent
As said, the European business-to-consumer ecommerce turnover is forecasted to hit 621 billion euros this year. If this comes true, e-commerce in Europe continues to grow at over 13 percent. According to the Ecommerce Foundation, most e-commerce turnover is concentrated in Western Europe (66 percent). Eastern Europe however only accounts for 23 billion euros of the total of 547 billion euros.