In this episode, Ali and Graeme interview guests Alessandro Figueroa, head of SMB business for commercial solutions at Visa Europe and Linda Weston, managing director, head of commercial issuing at Barclaycard Payments about the vast economic opportunities for circular “recommerce” business models.
They discuss both Visa's and Barclaycard’s research measuring the significant and ever growing contribution of recommerce businesses – such as resale, reuse, repair and rental businesses – to the economy; and how businesses are already measuring the fiscal benefits of switching to recommerce revenue streams to meet consumer demand.
They also outline the role that payment providers and card issuers can play in supporting circular recommerce businesses to thrive in a changing world, with shifting consumer demands and wider motivations around sustainability, and their role in making people’s experience of recommerce shopping smooth and frictionless.
Resources mentioned throughout the episode:
Visa - Recommerce hub
Barclaycard Payments research – Recommerce Revolution
Repair Week – 130+ events taking place across London from 11-17 March
Fat Llama – Rent (almost) anything
Library of Things – Borrow useful Things for your home
Bundlee – Rent baby and toddler clothes
The Seam – Care and repair services for clothing and accessories
Splendid Stitches – Clothes repair service
EON – Track your clothing or product’s lifecycle with a digital passport
Again - Making reusable packaging as affordable, accessible and scalable as single use
Back Market - Global marketplace for refurbished devices
Vinted - Online marketplace for buying, selling and exchanging new or second-hand items, mainly clothing and accessories
Loma – Second-hand and rental site aggregator
Twice – Sell, rent and resell circular commerce marketplace
Decathlon – Free Bike Health Check Repair Week workshop at various London stores
SOJO – Door-to-door clothing alterations and repairs
REWORK – White goods refurbishment project in Wandsworth
Correction: Alessandro Figueroa is head of SMB business for commercial solutions at Visa Europe, not head of strategy and B2B partnerships as stated in the intro.
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