APAC: The world’s leader in eCommerce market sales

An USD 1.7 trillion eCommerce market and a projected 25% of Year-on-Year growth endorse the APAC region as the leading number one worldwide.

Asia payment methods Map

Local market knowledge is a must; dLocal solves APAC complexity and helps global merchants to go local.

Eshoppers illustration
Domestic Credit card icon

eWallet payments is the king

Breaking down the region is essential to go local. Credit card payments account for mostly domestic online transactions. This means that international merchants relying exclusively on a cross-border payment strategy are missing the solution needed for these markets.

eShoppers icon

mCommerce: going mobile is the key

mCommerce has outnumbered desktop sales in five out of nine markets and, as a whole region, accounts for a more significant portion of total online sales. Nevertheless, in-store purchases continue to account for half of the retail sales.

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eCommerce support for business growth

Going local in the Asia-Pacific region is tricky. Global merchants need to overlap numerous barries such as high-shipping fees, lack of logistics and payment networks, concerns over the ability to return items and security. Having a local partner, like dLocal, is a crucial decision to start overcoming these difficulties.

Alternative payment methods icon

Alternative Payments Methods

The payment landscape is dominated by alternative payment methods. The unbanked population is still a significant segment in the less developed countries. Besides eWallets, bank transfers, cash, and minor local payment types are essential to millions of people.

Why Latin America, and why now?

Latin America offers extraordinary opportunities to international merchants to drive loyalty and position themselves as locally-savvy brands.

Payment methods illustration
Domestic Credit card icon

eWallets payments in the king

Breaking down the region is essential to go local. Credit card payments account for mostly domestic online transactions. This means that international merchants relying exclusively on a cross-border payment strategy are missing the solution needed for these markets.

eShoppers icon

mCommerce: going mobile is the key

mCommerce has outnumbered desktop sales in five out of nine markets and, as a whole region, accounts for a more significant portion of total online sales. Nevertheless, in-store purchases continue to account for half of the retail sales.

Installments icon

eCommerce support for business growth

Going local in the Asia-Pacific region is tricky. Global merchants need to overlap numerous barries such as high-shipping fees, lack of logistics and payment networks, concerns over the ability to return items and security. Having a local partner, like dLocal, is a crucial decision to start overcoming these difficulties.

Alternative payment methods icon

Alternative Payments Methods

The payment landscape is dominated by alternative payment methods. The unbanked population is still a significant segment in the less developed countries. Besides eWallets, bank transfers, cash, and minor local payment types are essential to millions of people.

Offer your shoppers in APAC, the local payment methods they are used to pay

Reach more consumers offering the most relevant local payment methods effortlessly. Going local helps your eCommerce business to uplift payment conversion rates and boost your sales.

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Illustration about ecommerce shoppers

Payments in APAC are complex: we help you make it easy

China is one of the fastest-growing major economies in the world. In 2017, eCommerce in China generated close to $1 trillion in sales. The demand for eCommerce is fueled by rapid smartphone adoption, increased Internet penetration, availability of secure online payment mechanisms and reduced delivery times. Fuelled by growing prosperity, Chinese eCommerce continues to expand rapidly – by 27% a year. Chinese online shoppers most commonly use e-wallets to pay for goods and services. The most popular categories are clothing, travel, and food.

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Online bank transfers

ICBC
Bank of China
SPD Bank
Postal savings Bank of China
China Everbright Bank
Agricultural Bank of China
China Merchants Bank
China Construction Bank
China Minsheng Bank

Credit & Debit Cards

Union Pay

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.

eWallets

bKash

Online Banking & eWallets

Standard Chartered
Brac Bank
City Bank
MTB
Dhaka Bank
MidlandBank

Credit & Debit Cards

VISA
Mastercard
American Express

With a population of over 1.36 billion, India is the world’s second most populous country. From 2014 to 2016, it was the world’s fastest-growing economy but was overtaken by China in 2017. Fueled by multilateral digitization efforts that are bringing 1 billion of India’s citizens online and into the financial mainstream, the country’s $42.4 billion eCommerce market is undergoing tremendous expansion. By 2021, it is expected to reach $64 billion, growing at a compound annual growth rate of 23%.

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Cash

UPI

Online Banking & eWallets

Axis Bank
Union Bank of India
State Bank of India
Canara Bank
Paytm

Credit & Debit Cards

VISA
Mastercard
American Express
Diners Club
RuPay

With the fourth biggest population in the world, and yet the least-developed eCommerce market in Southeast Asia, Indonesia is facing a dramatic rise in the market size, going from just over $3 billion in 2015 to $11 billion in 2019. Almost 56% of the population is currently online, and the number of debit and credit cards issued is only 15%. As with many developing economies, the shift online is happening through mobile, with over 90% of online users in Indonesia going online via their phone.

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Cash

Lawson
Alfamart
Alfamidi
Indomaret
DAN+DAN

Online banking & eWallet

BCA
Bank Bri
Mandiri
ATM Bersama
BNI
Maybank
Permata Bank
Prima
Link
Alto
tcash
OVO

Credit & Debit Cards

VISA
Mastercard
American Express
JCB

dLocal has enabled merchants selling into Malaysia to accept payments from eWallets such as Maybank2u, Boost, Grab Pay, and Touch ‘n Go, in addition to bank transfers and cash payments via 7-Eleven

Internet Banking

Hong Leong Bank
CIMB BANK
RHB BANK
AFFIN BANK
AmBank
BANK ISLAM
Standard Chartered
OCBC Bank
Citi
Maybank
Public Bank

Cash Payments

Seven Eleven
Razer Cash

Turkey is home to 82 million people who are increasingly digitally savvy and urbanized. Turkish eCommerce market, worth $10.5 billion, is projected to grow at an annual rate of 12.4%. There are currently 33.3 million eCommerce users in Turkey, with an additional projected 10 million new users by 2020. Mobile commerce is already taking a 29% share of all eCommerce transactions and only expected to grow as smartphone penetration grows. Credit cards account for most domestic online transactions and Turkish consumers enjoy taking advantage of monthly installments offered by local issuers.

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Credit & Debit Cards

VISA
Mastercard
American Express

Merchants serving customers in the Philippines can now accept international cards such as Visa and MasterCard, as well as card payments in up to 12 installments and sales without a CVV.

Credit & Debit Cards

VISA
Mastercard

Merchants selling into Vietnam can accept international cards such as Visa, MasterCard and UCB, as well as local credit cards and wallets such as VTC Pay, Vietcombank, Techcombank, and more.

Card Payments

VISA
Mastercard
JCB

Internet Banking

Vietcombank
TECHCOMBANK
MB
DONGA Bank
VietinBank
AGRIBANK
HDBank
PG BANK
ACB
EXIMBANK
SeABank
SAIGON BANK
TP Bank
ABBANK
LienVietPostBank
BAC A BANK
VPBank
VRB
GP BANK
NCB
OCB
PV COM BANK
KIENLONG BANK
SCB
PUBLIC BANK
BAOVIET
Sacombank

Online banking & eWallet

VT PAY
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