The Emerging APAC Opportunity
70% of Western Global Merchants See Payments Localization Cutting APAC Cart Abandonment in Half
The optimistic outlook comes in the “Emerging APAC Opportunity” report, a collaboration with Citcon, and features the insights of 500 business leaders from the U.S., U.K. and Canada — 70% of which said the growth-crushing cross-border cart abandonment rate would greatly improve once currency conversion frictions were removed from the checkout.
Inside the August Report
- 14%: Average share of U.S., U.K. and Canadian firms’ revenue originating in APAC
- 70%: Share of U.S., U.K. and Canadian firms that expect their APAC sales to grow in the next three years
- 49%: Portion of U.S., U.K. and Canadian firms that utilize payment providers for their payments coverage
