Accelerate Growth in Asia’s Leading eCommerce Hubs

Accelerate Growth in Asia’s Leading eCommerce Hubs

Asia leads global eCommerce, generating nearly 50% of worldwide revenue. dLocal offers digital wallets, bank transfers, and real-time payments across China, India, Japan, and Southeast Asia, ensuring compliance and secure transactions for businesses looking to enter this dynamic market. * Source: Statista, 2023

Africa and the Middle East Latin America

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Saudi Arabia

In Saudi Arabia, with a population of over 37 million, eCommerce growth has been pushed by a very high income level, good logistics within cities, and a high level of social media usage. Saudi Arabia is in the top three countries with the highest internet penetration rate (98%) sitting next to Norway and the United Arab Emirates. To put this in perspective, the global average is 64%.

In 2022 there were over 19.3 million online shoppers. Saudi Arabia experiences a hybrid consumer culture – consumers are willing to go to physical stores as well as purchasing on the online versions.

  • Bank Transfers

    • Riyad Bank
    • SABB
    • Al Rajhi Bank
    • anb
    • NCB

Bangladesh

Bangladesh is a fast-growing eCommerce market, mainly due to the boost received from the Bangladesh Bank since the late 2000s. With a significant dependency on the Cash-on-Delivery payment method, currently used in 90% of online transactions, the credit and debit card usage is gradually gaining speed. Twelve million people (7% of the country’s population) use debit cards, and approximately 1 million (less than 1%) use credit cards. Understanding Bangladesh consumers and offer local payment methods are the key for all merchants looking to set their footprint in this market.

  • Bank Transfers

    • Standard Charterd
    • MidlandBank
    • MTB
    • City Bank
    • Brac Bank

China

China has the largest eCommerce revenue in the world: USD 1.305B*.

* Source: Statista. 2023

  • Credit and debit cards

    • Union Pay
  • Bank Transfers

    • Bank of China
    • Agricultural Bank of China
    • China Construction Bank
    • China Minsheng Bank
    • SPD Bank
    • China Everbright Bank
    • Postal Savings Bank of China
    • China Merchants Bank
    • Bank of Beijing
    • Bank of Communications
    • Bank of Jiangtsu
    • Bank of Ningbo
    • Bank of Shangai
    • China Bohai Bank
    • China Citic Bank
    • China Guangfa Bank
    • China Zheshang Bank
    • Hengfeng Bank Co.
    • ICBC
    • Industrial Bank Co., Ltd
    • Ping An Bank
    • Shanghai Pudong Development Bank

Philippines

The projected market volume is expected to reach $25 billion by 2027.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
  • Wallets

    • GrabPay
    • ShopeePay
    • Paymaya
    • GCash
  • Cash-based payments

    • Cebuana
    • LBC
    • Alawan Express
    • M Luhillier
  • Bank Transfers

    • Regular Bank Transfers
    • Union Bank
    • BPI

India

The world's most populated country is growing in business opportunities.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • RuPay
    • Maestro
    • American Express American Express
    • Diners
  • Bank Transfers

    • Net Banking
  • Unified payment service (UPI)

    • UPI UPI

Indonesia

eWallets are the most popular payment method in Indonesia*.

* Source: IDC InfoBrief, 2022