Asia: The world’s leader in eCommerce market sales

Asia: The world’s leader in eCommerce market sales

Asia leads global eCommerce, driving nearly 50% of worldwide revenue*. Offer local payment methods to tap into the exploding digital payment world within the region. * Source: Statista, 2023

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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.

  • Bank Transfers

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    • 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

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    • 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
    • Mastercard
  • Wallets

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

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

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    • Regular Bank Transfers
    • Union Bank
    • BPI

India

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

  • Credit and debit cards

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

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    • Net Banking
  • Unified payment service (UPI)

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    • UPI

Indonesia

eWallets are the most popular payment method in Indonesia*.

* Source: IDC InfoBrief, 2022