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In recent years, the ecommerce industry has experienced unprecedented growth—and it continues to grow: Worldwide retail ecommerce sales, having grown more than 25 percent in 2020, are projected to climb another 16.8% in 2021. That's a tremendous opportunity for the enterprises poised to grab it. As more businesses migrate online, we're continuously expanding our own solutions to make it simpler for our customers to future-proof their brands through shifting business models, global expansion, and investments in new technology.

As more businesses migrate online, MYFUNDBOX is continuously expanding our own solutions to make it simpler for our customers to make the leap to digital, shift their business models, and start accepting online payments right away.

As more businesses move and transact online, we're continuously expanding our own solutions to make it simpler for our customers to start, run, and scale their businesses. 

Rapid growth in ecommerce sales and digital adoption across the globe opens up a world of opportunity for businesses looking to expand. The numbers alone make a compelling case: in 2021, ecommerce sales are expected to make up nearly 20% of total retail volume.¹ By 2023, global ecommerce is projected to hit $6.5 trillion² with the majority of retail ecommerce growth occurring in Latin America, Central and Eastern Europe, and the Middle East and Africa.³

A huge shift to online commerce is underway, with ecommerce growing 30% a year globally.¹ This massive shift in consumer behaviour makes it an exciting time to be doing business online, but it also brings some challenges. One of those is failed payments, also known as “network declines.”