Cross-border E-commerce Market Chart for 2021
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In a comprehensive analysis, Lucy Ingham reveals new data about cross-border customer ecommerce checkout experiences as part of an extensive range of research and analysis on global cross-border payments.
The study, conducted on a platform assessing the checkout experiences of the top players in the cross-border ecommerce landscape, reveals that the provision of currency options varies significantly across regions and sectors. Europe and Asia lead the way in offering multiple currency choices, while North America lags behind. Similarly, sectors such as travel, retail, or marketplace have more diverse currency options compared to technology, mobility, or education and freelancing sectors.
Interestingly, two-thirds of the Top 100 players do not provide customers with the option of choosing their preferred currency. This revelation underscores the need for greater flexibility in the cross-border ecommerce landscape.
The 2021 Cross-border Ecommerce Top 100 list, compiled by the platform, includes the largest players in the world that fulfill cross-border customers with goods and services, ranked by estimated fraction of revenue linked to cross-border activity by sector. The analysis of these leading players, such as Payoneer and Pingpong, will uncover valuable insights into how payments are processed in the cross-border ecommerce industry.
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The cross-border ecommerce landscape in 2021 and 2022 is dominated by leading global e-commerce platforms and payment service providers facilitating international transactions. Key players are focusing on expanding their footprint through product innovation, digitization, and partnerships. However, specific company names are not detailed in the 2021-2022 context in the given data.
In related markets such as US food e-commerce, companies like Cargill, Tyson Foods, JBS S.A., and National Beef Packing Company are emphasizing digital sales growth. In cross-border B2B payments, the market is driven by the rise of international trade with technology providers supporting payment infrastructure, but no exact company names for cross-border ecommerce dominance in 2021-2022 are provided in the search results.
For those interested in staying updated on the latest news and insights in the cross-border ecommerce industry, the article is associated with an industry-leading newsletter. To learn more about the author, Lucy Ingham, her LinkedIn profile is linked within the article.
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