A truly global presence demands a globally minded payments infrastructure. Brands will only win when they cater to the needs of their diverse, ever-changing markets.
To do that, they must offer payment options that speak to the different regions in which they operate, and that means bank transfers, a wide variety of local mobile wallets, local debit card schemes, online credit options, convenience store payments and our old favorite: cash.
Cross-border ecommerce is booming, and the opportunities will only grow in 2020 and beyond. Online retail sales will top $4 trillion in the coming year, and by 2023 APAC e-commerce sales will be greater than the rest of the world combined, signaling the massive growth of digital business worldwide.