Asia E-commerce

Over 25% of online buys were paid through alternative payment methods, GlobalData reported. 

Two in three shoppers in Singapore browse online platforms daily. 

Cards were used in over half of the e-commerce transactions in 2022. 

This is based on the global active users between January and December 2022.

55% would want to influence product innovation, Euromonitor found. 

Social platforms will particular contribute $34b in 2022.

Saudi Arabia’s e-commerce market grew 18%. 

Flagship stores will likely serve more like ‘car showrooms.’

It is available in ZALORA Singapore and Malaysia starting on 1 July.

eBay sellers in the region can get competitive discount rates.

Younger generations are increasingly willing to use online BNPL options.

However, the trend might slow down due to inflationary pressures, Fitch said.

Around seven in 10 said it is through information in the flagship stores.

Online spending in the market will likely rise substantially in the next 12 months.