Header Ads

OPPO

PayPal Cross-Border Research: 55 percent of Filipinos expect to increase online spending in 2018

P20 leaderboard
Digital payment leader Paypal with Ipsos released the results of the Cross-Border Consumer Research 2018 that involved 31 countries including the Philippines!
PayPal Cross-Border Research: 55 percent of Filipinos expect to increase online spending in 2018
Mr. Abhinav Kumar, Head of Strategic Partnerships for PayPal in Southeast Asia

The research involved 31 countries with approximately 34,000 consumers. 1,006 of which are participants from the Philippines. 

The research revealed a healthy e-marketplace with more than half of Filipinos are looking to increase their online spending this 2018.  This is expected to rise by 32 percent from an estimated PHP 92.5 Billion in 2017 to PHP 121.9 Billion in 2018.

The key motivating factor is convenience that online platforms have brought. Coupled with expectations of faster shipping.

There is also an increase in cross-border purchases through smartphones in the Asia-Pacific region. This seen to increase with the broadening proliferation of internet connected mobile devices.

It is seen that there is a shift of consumers to e-commerce to secure daily essentials. In the last 12 months, 68 percent of Filipinos bought cross-border products like computer, phones, tablets and peripherals as well as cosmetics, and beauty products.

It is clear that value for money is a priority for shoppers and have become a struggle with barriers like shipping costs, customs duties and long processing times. Merchants need to address these concerns which PayPal provides with Refunded Returns, Buyer protection and Seller protection.

Mr. Abhinav Kumar, Head of Strategic Partnerships for PayPal in Southeast Asia said: 2018 looks to be a year of growth and opportunities for savvy businesses that are equipped to take their cross-border sales online, on mobile and in-app. As leaders in digital payments, we are proud to enable merchants to take the best advantage of opportunities by connecting them with global consumers regardless of place or space. This in turn provides endless choices and possibilities for the mobile-savvy generation as they live their lives on the go, But we understand that while people love to shop, the hassle of online payments more seamless, more convenient and secure for the consumers to buy the things they need and love.

What do you guys think? Will you be making your next purchase online with PayPal and possibly be cross-border? Tell us in the comments below.
Powered by Blogger.
close
gizguide