PYMNTS-MonitorEdge-May-2024

APAC

Walmart Expands US and Canada Marketplace for Indian Exporters
Walmart Expands US and Canada Marketplace for Indian Exporters
October 05, 2022  |  Walmart

Walmart is looking to make it easier for Indian companies to leverage its Walmart Marketplace to bring more products to shoppers ahead of the yearly...

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Data Brief: 52% Shopping Carts Originating in APAC Get Abandoned
Data Brief: 52% Shopping Carts Originating in APAC Get Abandoned
September 26, 2022  |  Payment Methods

With roughly 4.3 billion people living in the Asia-Pacific (APAC) region, stretching across more than a dozen countries, and with internet connectivity growing by leaps...

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The Data Point: 22% of Merchants Average 14% of Revenue From APAC Cross-border Sales
The Data Point: 22% of Merchants Average 14% of Revenue From APAC Cross-border Sales
September 14, 2022  |  International

Perhaps the most sought-after region in the world for cross-border sales today, the Asia-Pacific (APAC) region already represents appreciable sales cross-border sales volumes, and merchants...

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Study: APAC Cart Abandonment Rises 32% Absent Localized Payment Methods
Study: APAC Cart Abandonment Rises 32% Absent Localized Payment Methods
September 13, 2022  |  Retail

At a time when cross-border sales are increasingly being targeted as a key growth opportunity for online merchants, new cart abandonment statistics show that expanding...

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US Merchants Now Get 14% of Sales From APAC-Based Consumers
US Merchants Now Get 14% of Sales From APAC-Based Consumers
September 06, 2022  |  International

Cross-border commerce is becoming increasingly vital to merchants’ top line momentum. Nowhere is that more apparent than in the report “The Emerging APAC Opportunity,” done...

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India Backs Recurring ePayments on Utility Bill Platform
India Backs Recurring ePayments on Utility Bill Platform
September 01, 2022  |  Digital Payments

The Indian government will support free electronic transactions under Bharat Bill Pay Systems (BBPS), and could end up cracking down on companies charging fees, Economic...

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70% of Western Global Merchants See Payments Localization Cutting APAC Cart Abandonment in Half
70% of Western Global Merchants See Payments Localization Cutting APAC Cart Abandonment in Half
August 31, 2022  |  Cross Border Commerce

The Asia Pacific (APAC) region is key to the international growth strategies of countless eCommerce merchants across the United States, the United Kingdom and Canada....

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Indonesia, Singapore Team on XBorder QR Code Payments
Indonesia, Singapore Team on XBorder QR Code Payments
August 29, 2022  |  Cross-border Payments

Bank Indonesia and the Monetary Authority of Singapore (MAS) have begun working on a cross-border QR payment method between Indonesia and Singapore, a press release...

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India’s ICICI Bank, NPCI Launch Contactless Cards
India’s ICICI Bank, NPCI Launch Contactless Cards
August 29, 2022  |  Credit Cards

India’s ICICI Bank has teamed up with the National Payments Corporation of India (NPCI) to launch a series of credit cards on local payments network...

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