"Whether it�s computer technical support or product design going offshore, or concern that the United States now ranks 19th in the world in math and science education, the effects of globalization are a frequent topic of discussion. Here�s a quick look at what some speakers at the Stamford Business School have said in the past year. We have to find real solutions, but if we�re running off into a protectionist mode � what is frustrating about that � other than what goes around comes back at us � is that it means we�re taking our eye off of the ball about what we should be doing constructively together to make sure that we have a climate where we can compete and where we will win."
The world of eCommerce payments has evolved. As we look toward the latter half of this decade, we're witnessing a transformation in how digital commerce operates, with a clear shift toward localized payment solutions within a global marketplace. The numbers tell a compelling story. According to Juniper Research's latest analysis, global eCommerce transactions are set to reach $11.4 trillion by 2029, marking a 63 percent increase from $7 trillion in 2024. This growth isn't just about volume – it's about fundamental changes in how people pay for goods and services online. Perhaps most striking is the projected dominance of Alternative Payment Methods (APMs), which are expected to account for 69 percent of global transactions by 2029, with 360 billion transactions processed through these channels. eCommerce Payments Market Development What makes this shift particularly interesting is how it reflects the democratization of digital commerce. Traditional card-based systems ar...