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.

  • Credit and debit cards

    • Visa
    • Mastercard
    • American Express
  • Online bank transfers

    • Standard Charterd
    • MidlandBank
    • Dhaka Bank
    • 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
  • 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

India

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

Indonesia

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

Malaysia

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

  • Credit and debit cards

    • Union Pay
    • Visa
    • Mastercard
  • Wallets

    • Touch n'go
    • GrabPay
    • Boost
    • Touch n'go
    • Duitnow
  • Cash-based payments

    • Seven Eleven
  • Online bank transfers

    • Citi
    • PUBLIC BANK
    • Maybank
    • OCBC Bank
    • Standard Charterd
    • BANK ISLAM
    • AmBank
    • AFFIN BANK
    • RHB BANK
    • CIMB BANK
    • Hong Leong Bank
    • FPX
    • DuitNow
  • Pay later

    • Atome

Pakistan

The fastest growing alternative payment method in Pakistan,  a country with a population of over  241 million, is the eWallet. eWallets such as JazzCash and Easypaisa making eCommerce, transactions and coverage easier than ever for businesses and consumers alike. Previously, many digital purchases were paid using cash-on-delivery (CoD), but this is slowly changing as internet access becomes more common.

The rapid growth of internet penetration has risen rapidly, averaging over 35% per year. This has caused a shift in many businesses to become mobile first. Digital transactions and internet banking are expected to grow as the over 100 million Internet subscribers become more acquainted with eCommerce.
 

*Sources: worldometers.info & trade.gov

  • Credit and debit cards

    • Visa
    • Mastercard
  • Wallets

    • easypaisa
    • jazz cash
    • Bank Alfalah
    • Konnect by HBL
  • Online bank transfers

    • Simpaisa

Philippines

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