LUCERNE, Switzerland—E-commerce payment firm Vendo said at its June 23 Vendo User Conference that the coronavirus pandemic has given e-commerce sites a boost in traffic as well as membership numbers.
The conference, which is available on YouTube here, focused on the impact of the worldwide lockdown and subsequent re-openings, noting that the last 30 days have seen increased traffic, lower conversion and an increase in total members as a result of reduced cancellations.
The presentation detailed COVID-19 effects in the US, Italy, Spain and Sweden plus an overview of countries that have taken a strong track and trace approach including Singapore, Taiwan, Hong Kong and South Korea.
"With their next-level data tools and analytics, Vendo isn't just identifying the trends, they are predicting them. If you aren't attending their insightful Zoom meetups, then you are not properly safeguarding your businesses in an unpredictable, COVID future," said Tom A., Vendo CTO.
Steven G., founder and CEO added, "Using tools to not only see your join/cancellation/rebill statistics for today, but also to predict for the coming months, especially during these times, has been valuable, but being able to then compare that with other programs and see if their data matches or differs from ours enables us to have more control over where we direct our efforts.”
He continued, “During COVID we've seen some numbers that deviate from what would normally be expected—so to see that we're not alone in this, gives us the ability to see industry-wide trends and not just our own."
The next Vendo User Conference will be announced soon.
The first Vendo COVID-19 presentation from March 20 can be viewed here.
For more information, visit VendoServices.com.
