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Payment Preferences for the 12 Largest Cross-Border E-commerce Markets 1. CHINA Charge & Pre-paid card6 deferred debit 5 1% 4% Cash on delivery 1% card 6% Bank transfers4 E-commerce Market Credit/debit 16% 3 cards $1.94 1 Alternative payments2 Trillion Tenpay, Alipay, Union Pay, WeChat Pay, QQ 71% Wallet, Baidu Wallet 2. UNITED STATES 1% Postpay13 12 3.2% Cash on delivery 3.4% Other14 5.9% Bank transfers11 Credit/debit cards Visa, MasterCard, 52% American Express8 Deferred E-commerce Market charge & 10.5% 10 debit cards $602 Billion7 Alternative payments PayPal, Apple Pay, Amazon 24% Pay, Google Pay9 3. UNITED KINGDOM 5% Direct debit 3% Bank transfers 7% Other Credit/debit 7% Cash on delivery E-commerce Market 53% cards16 $226 Billion15 Alternative payments PayPal, Google Pay, Amazon 25% Pay, Apple Pay 4. JAPAN 2% Buy now pay later22 2% Deferred charge card 4% Cash on delivery Alternative 1% Pre-paid card payments Yahoo! Wallet, Rakuten E-commerce Market Wallet, Suica, 7% 21 PayPal $166 8% Bank transfer20 Billion17 Credit/Debit Cards: American Express, 16% Post-pay19 60% Mastercard, Visa18 5. GERMANY 2% Other 2% Pre-paid cards27 4% Cash on delivery Bank transfer24 Giropay, SOFORT Deferred charge 28% 9% cards E-commerce Market Credit/debit 12% cards $81 23 Billion Alternative Buy now pay later payments25 PayPal, RatePAY, Klarna, Google Pay, 18% Affirm26 25% Paydirekt 6. SOUTH KOREA Virtual bank Carrier transfer 3.1% billing 3.2% Alternative payments kakaopay, Samsung Pay, 35.8% 29 12.8% Bank transfer UnionPay, NPay International E-commerce Market credit/debit cards VISA, Mastercard, $66 15.4% 28 AMEX Billion Local credit/debit 29.7% cards 7. FRANCE Buy now Prepay 2% Other Cash on 2% pay later 2% 4% delivery Credit cards Cartes Bancaires, VISA, 37% American Express31 14% Bank transfer E-commerce Market $43 Billion30 Charge and Alternative 15% deferred debit card 24% payments 8. INDIA Charge & deferred 3% debit cards 1% Prepay 14% Cash on delivery 33% Credit/Debit cards33 E-commerce Market 16% Bank transfer $32 Billion32 Credit cards 17% Alternative payments 32% Airtel Money, PayPal 9. CANADA Cash on 2% Other 1% Prepaid 3% delivery 11% Bank transfer E-commerce Market $25.4 Alternative Billion34 18% payments PayPal 65% Credit/Debit cards35 10. BRAZIL 1% Charge & deferred debit cards 1% Prepaid 1% Cash on delivery 10% Bank transfer 60% Credit/Debit cards37 Alternative E-commerce Market payments Qiwi, Yandex, ApplePay, 11% Visa Wallet $20 Billion36 16% Post-pay 11.(TIE) RUSSIA 2% Prepaid cards 2% Other 8% Charge & deferred cards 42% Credit/Debit cards39 Cash on delivery 9% E-commerce Market $19 12% Bank transfer 38 Billion Alternative payments Qiwi, Yandex, ApplePay, 12% Visa Wallet 11.(TIE) INDONESIA 3% Charge & deferred cards 2% Other 14% Cash on delivery 29% Bank transfer41 E-commerce Market $19 Billion40 25% Alternative payments 27% Credit/debit cards 12. SPAIN 4% Other 6% Charge & deferred cards Credit/Debit 8% Cash on delivery 39% cards43 E-commerce Market 13% Bank transfer $18 Billion42 Alternative payments, PayPal, ApplePay, Google Pay, Amazon 30% Pay, Bizum About Flow Most e-commerce businesses struggle with the complexities of selling their products internationally. The problem is they don’t have the tools nor the exibility they need to sell cross border, and existing solutions are missing the mark. At Flow, we believe cross-border e-commerce should simply work. Our solution empowers online merchants to market, sell and ship products to customers everywhere, enabling those consumers to have simple and easy local shopping experiences. Flow’s solution oers multi-currency pricing, direct international shipping, local payment options, well-dened taxes and duties, and simple returns. Now global brands like MVMT Watches, MZ Wallace, Charles & Colvard and others can increase their customer conversion and grow international revenue. SOURCES 1EMarketer, Global E-commerce 2019, May 2019 https://www.emarketer.com/content/global-ecommerce-2019 2WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 3WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 4WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 5WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 6WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 7Digital Commerce 360, US ecommerce sales grow 14.9% in 2019, February 2020 https://www.digitalcommerce360.com/article/us-ecommerce-sales/ 8WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 9WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 10WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 11WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 12WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 13WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 14WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 15Growcode, Ecommerce in the UK - Trends, Forecasts and Statistics, October 2019 https://www.growcode.com/blog/ecommerce-uk/ 16JP Morgan, 2019 Global Payments Trends Report - United Kingdom Country Insights https://www.jpmorgan.com/merchant-services/insights/reports/united-kingdom 17BTrax, Business in Japan: Selling in Japan, Economic Landscape 2019 https://blog.btrax.com/e-commerce-trends-in-japan/#:~:text=The%20e%2Dcommerce%20landscape%20in,%2C%20and%2011.3%25%20digital%20content 18WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 19WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 20WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 21WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 22WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 23eMarketer, Germany Ecommerce 2019 https://www.emarketer.com/content/germany-ecommerce-2019 24WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 25JP Morgan, E-commerce Payment Trends: Germany, 2019 https://www.jpmorgan.com/merchant-services/insights/reports/germany 26WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 27WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insight 28EcommerceDB, The eCommerce Market in South Korea, 2019 https://ecommercedb.com/en/markets/kr/all 29Rapyd, South Korea eCommerce Trends and Merchant’s Guide, 2020 https://www.rapyd.net/blog/south-korea-ecommerce-trends-and-merchants-guide/ 30EcommerceDB, The eCommerce Market in France, 2019 https://ecommercedb.com/en/markets/fr/all 31WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 32EcommerceDB, The eCommerce Market in India, 2019 https://ecommercedb.com/en/markets/in/all 33WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 34EcommerceDB, The eCommerce Market in Canada, 2019 https://ecommercedb.com/en/markets/ca/all 35WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 36Reuters, Brazil ecommerce jumps 57% in first five months of 2020 fueled by COVID-19, 2020 https://www.reuters.com/article/brazil-ecommerce/brazil-ecommerce-jumps-57-in-first-five-months-of-2020-fueled-by-covid-19-idUSL1N2E02QI 37WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 38EcommerceDB, The eCommerce Market in Russia, 2019 https://ecommercedb.com/en/markets/ru/all 39WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 40EcommerceDB, The eCommerce Market in Indonesia, 2019 https://ecommercedb.com/en/markets/id/all 41WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights 42EcommerceDB, The eCommerce Market in Spain, 2019 https://ecommercedb.com/en/markets/es/all 43WorldPay Global Payments Report 2020 https://worldpay.globalpaymentsreport.com/#/en/insights.
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