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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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.

  • Online bank transfers

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


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.

  • Credit and debit cards

    • Visa
    • Mastercard
    • American Express
  • Online bank transfers

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


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

* Source: Statista. 2023

  • Credit and debit cards

    • Union Pay
  • Online 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


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

  • Credit and debit cards

    • Visa
    • Mastercard
  • Wallets

    • GrabPay
    • Paymaya
    • GCash
  • Cash-based payments

    • Seven Eleven
  • Online bank transfers

    • Union Bank


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

  • Credit and debit cards

    • Visa
    • Mastercard
    • RuPay
    • Maestro
  • Wallets

    • Freecharge
    • Jio
    • Ola Money
    • MobikWik
    • PayTM
    • Phone PE
  • Online bank transfers

    • Canara Bank
    • State Bank of India
    • Union Bank of India
    • Axis Bank
  • Unified payment service (UPI)

    • UPI
  • Pay later

    • Simpl
    • ICICI Bank
    • Epay Later


eWallets are the most popular payment method in Indonesia*.

* Source: IDC InfoBrief, 2022

  • Credit and debit cards

    • Union Pay
    • Visa
    • Mastercard
    • American Express
    • JCB
    • Diners
  • Wallets

    • QRIS
    • Link aja
    • Dana
    • OVO
    • GoPay
    • ShopeePay
  • Cash-based payments

    • Lawson
    • DAN+DAN
    • Indomaret
    • Alfamart
  • Online bank transfers

    • Maybank
    • ATM Bersama
    • Alto
    • Prima
    • Permata Bank
    • BNI
    • Mandiri
    • Bank Bri
    • BCA
    • Flip


The country's eCommerce is projected to be one of the largest in Southeast Asia, with an annual growth rate of 13.25%*.

* Source: Statista, 2023