Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > UK BLACK FRIDAY GROWTH PREDICTED TO SURPASS UNITED STATES, REVEALS GLOBAL ONLINE RETAIL ANALYSIS
    Top Stories

    UK BLACK FRIDAY GROWTH PREDICTED TO SURPASS UNITED STATES, REVEALS GLOBAL ONLINE RETAIL ANALYSIS

    Published by Gbaf News

    Posted on November 25, 2016

    7 min read

    Last updated: January 22, 2026

    This image features Aviva's CEO Amanda Blanc as she discusses the insurer's strong capital position and potential returns to shareholders, reflecting the company's financial strategy and resilience in the insurance sector.
    Aviva CEO Amanda Blanc discusses capital returns and growth - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    IngenicoePayments global data anticipates a Black Friday rise in UK ecommerce spending, while US shoppers migrate to Cyber Monday

    The UK is set for higher online Black Friday retail spending growth than the US, according to new data from IngenicoePayments, the online and mobile division of Ingenico Group.

    IngenicoePayments’ global analysis of online retail growth from last year reveals that the estimated total amount spent online in the UK rose by 273% on Black Friday, compared to the average Friday. Enthusiasm in the United States was markedly low in comparison, with online spending only 137% higher than the average Friday that year. Overall, the UK now spends more online per capita than the US, according to the Centre for Retail Research, and this trend is reflected on Black Friday, with UK spending growth almost double that of its transatlantic counterpart.

    Besides the UK’s huge 24-hour Black Friday spike, online retail spending value was still high between Black Friday and 31st December, but only 53% higher compared to the rest of 2015 – significantly lower than on Black Friday itself.

    “We’ve witnessed first-hand the Black Friday migration from bricks and mortar to online, and now the momentum is shifting from the United States to the UK,” said David Jimenez, Chief Revenue Officer at IngenicoePayments. “This year, we expect to see online spending peaks on Black Friday in the UK, Cyber Monday in the US and we’ve already seen the Singles Day boom across China.”

    The UK Black Friday online spending spike of 273% was mirrored across Europe, where the average rise in total value spent was 275%, as shoppers across the continent also leaped at the chance of Black Friday discounts:

    • Germany, France and Italy all saw online total spending surge more than 215%.
    • Spain and Denmark registered particularly strong performances with total transaction value rising over 690% compared to the average Friday.
    • US neighbour Canada saw an impressive 580% rise in total spend.

    US online shoppers have instead been shopping in far greater numbers on Cyber Monday, where sales volumes last year were 60% higher than Black Friday sales. This became the biggest ecommerce day in US history, as online sales tipped over the $3bn mark.

    “Maximising these opportunities will mean offering customers a choice of payment options and a quick checkout experience even at the busiest times,” reveals Jimenez. “Working with the world’s largest online retailers, including digital good merchants who experience extremely high peak volumes when new items become available for download, we understand and excel in meeting the challenges that merchants face at this time of year. The UK and Europe continue to register phenomenal online growth and, we’re committed to furthering the seasonal online sales boom here.”

    Momentum also appears to be building in South America; eMarketer’s own research reported that Black Friday ecommerce sales were up 38% in Brazil, South America’s largest ecommerce market and that Cyber Monday rose even faster, by 56% compared to 2014.

    Across Asia and Australasia, Black Friday is overshadowed by Singles Day, now the world’s largest shopping day, exceeding the global sales of Black Friday and Cyber Monday combined. This year’s Alibaba-led event generated more than 121bn yuan (£14bn), a rise of 32% on last year’s sales, according to the Chinese company.

    IngenicoePayments has shared five top tips for UK ecommerce merchants to make a success of Black Friday this year:

    1. Fraud rules: make sure you have the right set of rules to allow conversion.
    2. Peak sales: introduce peak sales requests to make sure accounts are correctly configured and will not block transactions.
    3. Promotions: alert your payment gateway of any planned promotional periods, so they can prepare for increased demand, and make sure you can report success by tracking voucher codes.
    4. Chargebacks: these can be reduced with proper fraud protection, but also through the quality of fulfilment and customer service.
    5. Payment options: ensure your customers can pay securely, however they want to pay and wherever they are.

    IngenicoePayments global data anticipates a Black Friday rise in UK ecommerce spending, while US shoppers migrate to Cyber Monday

    The UK is set for higher online Black Friday retail spending growth than the US, according to new data from IngenicoePayments, the online and mobile division of Ingenico Group.

    IngenicoePayments’ global analysis of online retail growth from last year reveals that the estimated total amount spent online in the UK rose by 273% on Black Friday, compared to the average Friday. Enthusiasm in the United States was markedly low in comparison, with online spending only 137% higher than the average Friday that year. Overall, the UK now spends more online per capita than the US, according to the Centre for Retail Research, and this trend is reflected on Black Friday, with UK spending growth almost double that of its transatlantic counterpart.

    Besides the UK’s huge 24-hour Black Friday spike, online retail spending value was still high between Black Friday and 31st December, but only 53% higher compared to the rest of 2015 – significantly lower than on Black Friday itself.

    “We’ve witnessed first-hand the Black Friday migration from bricks and mortar to online, and now the momentum is shifting from the United States to the UK,” said David Jimenez, Chief Revenue Officer at IngenicoePayments. “This year, we expect to see online spending peaks on Black Friday in the UK, Cyber Monday in the US and we’ve already seen the Singles Day boom across China.”

    The UK Black Friday online spending spike of 273% was mirrored across Europe, where the average rise in total value spent was 275%, as shoppers across the continent also leaped at the chance of Black Friday discounts:

    • Germany, France and Italy all saw online total spending surge more than 215%.
    • Spain and Denmark registered particularly strong performances with total transaction value rising over 690% compared to the average Friday.
    • US neighbour Canada saw an impressive 580% rise in total spend.

    US online shoppers have instead been shopping in far greater numbers on Cyber Monday, where sales volumes last year were 60% higher than Black Friday sales. This became the biggest ecommerce day in US history, as online sales tipped over the $3bn mark.

    “Maximising these opportunities will mean offering customers a choice of payment options and a quick checkout experience even at the busiest times,” reveals Jimenez. “Working with the world’s largest online retailers, including digital good merchants who experience extremely high peak volumes when new items become available for download, we understand and excel in meeting the challenges that merchants face at this time of year. The UK and Europe continue to register phenomenal online growth and, we’re committed to furthering the seasonal online sales boom here.”

    Momentum also appears to be building in South America; eMarketer’s own research reported that Black Friday ecommerce sales were up 38% in Brazil, South America’s largest ecommerce market and that Cyber Monday rose even faster, by 56% compared to 2014.

    Across Asia and Australasia, Black Friday is overshadowed by Singles Day, now the world’s largest shopping day, exceeding the global sales of Black Friday and Cyber Monday combined. This year’s Alibaba-led event generated more than 121bn yuan (£14bn), a rise of 32% on last year’s sales, according to the Chinese company.

    IngenicoePayments has shared five top tips for UK ecommerce merchants to make a success of Black Friday this year:

    1. Fraud rules: make sure you have the right set of rules to allow conversion.
    2. Peak sales: introduce peak sales requests to make sure accounts are correctly configured and will not block transactions.
    3. Promotions: alert your payment gateway of any planned promotional periods, so they can prepare for increased demand, and make sure you can report success by tracking voucher codes.
    4. Chargebacks: these can be reduced with proper fraud protection, but also through the quality of fulfilment and customer service.
    5. Payment options: ensure your customers can pay securely, however they want to pay and wherever they are.
    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostPARENTS’ FEARS FOR GENERATION INTERNET
    Next Top Stories PostCYBERCRIME: THE ELEPHANT IN THE ROOM