Features
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eCommerce growth
eCommerce revenue in Asia is expected to reach USD 2.82 trillion by 2027*. * Source: Statista, 2023
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eWallets phenomenon
eWallets have emerged as the preferred payment method in Asia, accounting for 69% of the total eCommerce purchases in the region*. * Source: Statista, 2023
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Internet users
The internet penetration rate in Asia doubled from 2011 to 2022, reaching 67.4%*. * Source: Statista, 2023
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Online shoppers
The number of online shoppers in Asia is forecast to reach 3.38 billion by 2027*. * Source: Statista, 2023

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Country List
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.
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Bank Transfers
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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.
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Bank Transfers
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China
China has the largest eCommerce revenue in the world: USD 1.305B*.
* Source: Statista. 2023
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Credit and debit cards
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Bank Transfers
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Philippines
The projected market volume is expected to reach $25 billion by 2027.
India
The world's most populated country is growing in business opportunities.
Indonesia
eWallets are the most popular payment method in Indonesia*.
* Source: IDC InfoBrief, 2022