According to statistics released by IMRG, the leading global
body for e-retailing, the online retail market is the standout
performer among retail channels. The IMRG Capgemini Index states
the e-retail sector continues to outperform high-street retail, but
growth of the online market is slowing. The e-retail sector is
still healthy even in a recession because those with less money to
spend are turning to the internet to search out bargains on branded
items. However, the number of online shoppers is not growing as
rapidly as it has in past years - between April 2008 and April 2009
the UK e-retail market grew by 14%, indicating a record period of
low growth compared to the last nine years. With great potential
for further growth in this sector, Ukash provides an opportunity
for online retailers to attract more customers by offering a secure
and private cash payment method.
Mark Chirnside, CEO of Ukash said, "Internet shopping has been
hugely successful and has grown rapidly, but for this to continue
online retailers need to consider their strategies and make their
products available to as wide a group of global customers as
possible. A safe and secure cash payment solution for retailers to
offer their customers is the way forward in the e-retail sector. It
provides an opportunity for further growth of online shoppers as
more people will be willing and able to shop online."