Exploring cross-border eCommerce trends and strategies for global success, Airwallex's study highlights consumer preferences, merchant opportunities, and payment solutions.
In a recent study conducted by Airwallex in collaboration with Edgar, Dunn & Company, insights from over 3,000 consumers and interviews with merchants across various global markets were gathered to understand trends in cross-border eCommerce.
Key Findings:
Opportunity: Cross-border eCommerce presents a significant opportunity for merchants globally.
Consumer Intentions: 54% of consumers plan to increase purchases from international merchants in 2024.
Trust: 61% of consumers perceive overseas merchants as trustworthy, indicating growing confidence in global transactions.
Payment Preferences: 77% of consumers are likely to abandon their carts if preferred payment methods are unavailable, emphasizing the importance of aligning with global payment preferences.
Business Insights:
Global Demand: Discover strategies to tap into the growing demand for cross-border eCommerce.
Consumer Trust: Learn from leading merchants on how to enhance consumer trust in overseas transactions.
Payment Optimization: Adapt payment processes to evolving preferences to improve checkout success rates.
How Airwallex Can Help:
Global Payment Solutions: Airwallex offers a range of payment solutions tailored for global businesses.
Fraud Prevention: Utilize Airwallex's fraud detection and dispute management system to enhance payment security.
Currency Management: Manage multiple currencies efficiently with Airwallex's Global Accounts and currency management tools.
In summary, the study sheds light on cross-border eCommerce trends, providing actionable insights and solutions for businesses aiming to succeed in the global marketplace.
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