Online shopping and payments are big business. According to a new industry report report from PayPal the online retail market has grown 11 percent year on year since 2010 and mobile payments have grown by more than 5000 percent.
The driving force behind these figures is the development of technology that enables retailers to operate online while taking advantages of devices such as smartphones to simplify payments.
I caught up with Andrew Rechtman, director of small business, retail and strategy at PayPal Australia to talk about the growth of online retail and the future of mobile payments. Listen below.
