Pre-pandemic, merchants in Europe were falling over themselves to accept Chinese payment methods both in store and online. According to the World Tourism Organization (UNWTO), there were 141 million Chinese visits to Europe in 2019. Also, according to UNWTO, Chinese tourists spent an average of €1,919 per day in Europe in 2019, which is significantly higher than the average spending of other nationalities. The affluence of the Chinese middle class continues to grow rapidly, meaning the segment has more disposable income to spend on travel. In 2022 we only saw 25 million Chinese visits to Europe, representing a 44% compound decrease in visitor numbers between 2019 and 2022. As more global travel restrictions are relaxed, Mark Beresford (Director, London) has looked at the importance of accepting Chinese payment methods for merchants across Europe.
Gregoire Toussaint (Director, Paris) moderated two panel discussions related to B2B payments during the Commercial Payment International (CPI) Europe 2023 held in London in March.
Greg Toussaint (Director, Paris) took part in the Merchant Risk Council conference on 6-9 March 2023 in Las Vegas. Greg presented the key outcomes of the white paper on Payment Orchestration that Edgar, Dunn & Company (EDC) wrote for payment provider Nuvei and moderated a panel discussion with Corey Murphy, Head of Consumer Transactions at CarTrawler and Carl Miller, SVP Sales, North America at Nuvei.
The luxury retailing sector has incurred a significant fall in revenues as a result of the pandemic. Despite this global challenge, the luxury sector will always prioritise bricks-and-mortar and a physical interaction with their consumers over online sales. In this article, Mark Beresford (Director, London) and Beatrice Save (Business Analyst, London) have been on their own luxury shopping trip and found that there is a secret to success that will allow luxury brands to optimise the customer experience through payment efficiency - and it only requires you to focus on four key metrics.
Edgar, Dunn & Company (EDC) was asked by the MPE organisers to chair four different panels during the 2022 event.