Chris Skinner's blog

Shaping the future of finance

Numbers: Barter is back

Chris Skinner Author Avatar
by

British Airways Business Magazine leads with an in-depth article on barter.  Some great numbers here:

  • 500,000 + companies across the world belong to a barter system

  • One of its leading proponents is Bartercard, an Australian based
    company with around 75,000 members worldwide.
  • A$1.5bn was bartered in the
    company’s marketplace last year.
  • Goods are priced at their normal cash value and Bartercard’s cut is 6.5
    per cent (5.5 per cent in cash and 1 per cent in trade) of the value of
    each transaction to both parties.
  • The US-based International Reciprocal Trade Association says that
    American barter exchanges now stand at 250,000, up from 200,000 five
    years ago.
  • Bob Meyer, the publisher of Barter News, told Forbes that he reckoned
    that in the US a million small businesses bartered in some way and that
    the transactions were worth $20bn annually.
  • Meyer said he
    expected barter to grow at 10 per cent this year (5 per cent is more
    normal) as when cash is tight, interest in bartering increases.
  • China signed a barter deal with the Democratic Republic of the Congo
    worth $9bn — the largest ever. China committed to build the country
    $6bn worth of infrastructure in return for a slice of its mineral
    wealth. Both parties held the deal up as a win-win.
NumbersCategories
Chris Skinner Author Avatar

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...

What is the future?

Learn more

Learn more about Chris

About Chris Skinner

The Past, Present And Future Of Banking, Finance And Technology

Fintech expert Chris Skinner: countries need digital transformation to remain competitive

Join me on Linkedin

Follow Me on X!

Hire Chris Skinner for dinners, workshops and more

Learn directly from from one of the most influential people in technology, gain insights from the world's most innovative companies, and build a global network.

Chris’s latest book

Chris Skinner’s ‘Digital For Good’ Book Launch Event – CFTE

Top 50 Global Thought Leaders and Influencers on FinTech 2023

Chris Skinner
Commentator, CEO of The Finanser and best-selling author at The Finanser

Thinkers360 Thought Leader

Contact Me

Global Awards

Lifetime Achievement Award

Global 100 - 2024 Winner

Chris Skinner - Financial Markets Advisor of the Year - The Finanser - UK 2023

Best Financial Markets Advisor of the Year 2023

30 Best Regtech Blogs and Websites 2023

Kids creating the future bank | TEDxAthens

Captain Cake and the Candy Crew

Captain Cake Winner of a Golden Mom’s Choice Award

TWO-TIME WINNER OF A MOM’S CHOICE GOLD AWARD!

Alex at the Financial Services

Gaping Void's Hugh MacLeod worked with the Finanser