E-commerce
Cross-border E-commerce Opportunities
Growth potential
The cross-border e-commerce market is expected to reach 2.1 trillion dollars in 2023, up 13% from 2022. This growth rate reflects the industry’s success and its ability to onboard new businesses.
New markets
While most online buyers are located in China, the US, and the UK, emerging economies are witnessing the fastest e-commerce growth rates. Sellers are keeping an eye on new booming markets in Central and Eastern Europe, Latin America, the Middle East and Africa.
Surging demand
With the world’s ever-growing internet population and adoption of online shopping, the demand for e-commerce products is increasing by the day.
Obstacles Facing Cross-border E-commerce
Cross-border transactions
48% of business leaders believe that making and accepting international payments is a big hurdle to going global. Expensive, slow, non-transparent transactions can hinder business growth.
Compliance and security
PCI compliance and payments fraud are keeping businesses away from the trillion-dollar industry. Finding a balance of easy yet secure payment processing is the goal.
Payment methods
While cards are the most common payment method for online shopping in most parts of the world, many markets are dominated by different, local payment methods. The lack of support for these payment methods can cost you thousands of clients.
How We Help E-commerce Businesses Go Global
All-in-one payment infrastructure
Pay your expenses from a single account, receive in multiple currencies at the best FX rates, and issue prepaid cards to spend like a local in many countries.
Accept 300 local & international payment methods
Allow your customers to pay in their preferred payment method, such as Alipay in China, OXXO in Mexico, iDeal in the Netherlands, Mpesa in Africa, or Paytm in India.
Compliance automation
Keep your e-commerce business in line with PCI and GDPR. Our system automatically adapts to the regulatory landscape and its changes.