BASINGSTOKE, England, July 17 (Bernama-BUSINESS WIRE) — A new study from Juniper Research, the foremost experts in payments, has found the value of cross-border eCommerce will exceed $3.3 trillion in 2028, from $1.6 trillion in 2023. With disposable income rising in developing markets, eCommerce merchants and marketplaces are pivoting towards them. Given the prevalence of alternative payment methods in developing markets, such as mobile money, cross-border merchants must effectively match consumers’ payment preferences, or they will quickly lose out to better-localised rivals.
For further details, see the new report, Cross-border eCommerce: Key Trends, Regional Analysis & Market Forecasts 2023-2028, or download a free sample.