Carding Forum
Professional
A report from the research arm of the Alibaba Group shows that cross-border payments will grow 27.4% annually through 2026.
Experts predict that the global online payments market will reach $ 1 trillion by 2021. Let's assume that in 2026 this figure was at the level of $ 230 billion.
In addition, in 5 years, more than 900 million people worldwide will become international online shoppers. At the same time, their purchases will account for almost 30% of all global online transactions. China is expected to become the largest market for cross-border payments.
In China, by 2026, the volume of transactions from imported goods that are purchased online will reach $ 245 billion, while more than 200 million Chinese consumers will buy goods from overseas online stores.
Cross-border online shopping is gaining popularity in emerging markets where consumers find it difficult to find affordable imported goods in local stores, according to alizila.com. In most cases, the only alternative is to purchase from foreign online stores or marketplaces.
As previously reported, Chinese e-commerce giant Alibaba is not going to compete for the US market, but instead hopes to help smaller US companies sell more in China.
Experts predict that the global online payments market will reach $ 1 trillion by 2021. Let's assume that in 2026 this figure was at the level of $ 230 billion.
In addition, in 5 years, more than 900 million people worldwide will become international online shoppers. At the same time, their purchases will account for almost 30% of all global online transactions. China is expected to become the largest market for cross-border payments.
In China, by 2026, the volume of transactions from imported goods that are purchased online will reach $ 245 billion, while more than 200 million Chinese consumers will buy goods from overseas online stores.
Cross-border online shopping is gaining popularity in emerging markets where consumers find it difficult to find affordable imported goods in local stores, according to alizila.com. In most cases, the only alternative is to purchase from foreign online stores or marketplaces.
As previously reported, Chinese e-commerce giant Alibaba is not going to compete for the US market, but instead hopes to help smaller US companies sell more in China.
