eCommerce Explodes! | We can help get you online, fast.

Article & Illustrations by: TCi-SA

Why choose ShowMe Online Media for your eCommerce Website

Mbombela – eCommerce has been growing exponentially over the last decade but recently (much to do with the Worldwide pandemic of course) it has almost doubled year on year thanks to the millions of small to medium businesses working remotely and figuring out ways to still get their product out there albeit from their private dwellings.

ShowMe Online Media has successfully been creating these “no border – no limit” online platforms for thousands of happy clients over the same decade and is seen as one of the experts in this area. If you have a small, medium, or large business and want to reach a wider audience online, then get in touch with us today for a free no obligation discussion:

e-mail: nelspruit@showme.co.za  or call,

David on 0762661745

Lisa on 0829249843

Below is a very interesting article by TCi-SA which explains in detail the massive growth projected for the eCommerce World for 2023 and beyond, especially pointing out how you can sell beyond our borders…

Article

Explosive growth of cross-border eCommerce

Technavio has announced its latest market research report titled
E-Commerce Logistics Market by Service and Geography – Forecast and Analysis 2021-2025

The success of the African eCommerce market has been described by McKinsey in one of its quarterly reports as one that has ‘blossomed’.

The research firm pointed out that those global business leaders that don’t understand this potential or this continent run the risk of missing out on one of the greatest growth opportunities of the 21st century.

It is a 1.2-billion-person market that’s sitting on the knife’s edge of explosive growth – a market that has already been successfully harnessed by eCommerce entrepreneurs and mobile solutions such as Jumia, Mall For Africa, PayU, and M-Pesa.

“While the growth of eCommerce across the continent has been driven by increased internet penetration, improved economic conditions, and a growing middle-class population, there is another factor pushing eCommerce forward – cross-border engagement,” says Corrie Bakker, Head of Strategy & Business Development, PayU Africa.

“The ability to expand eCommerce operations across borders and into new markets across a diverse and engaging market is playing a significant role in driving growth and investment.”

The McKinsey & Company Global Payments 2018 report emphasizes the importance of innovation and change when it comes to the complexities of cross-border payments, as well as the value that they offer to the eCommerce market.

In EMEA, half of the $200 billion of new opportunities will emerge from transaction growth both in-country and across borders. This growth spans both the business-to-business (B2B) and business-to-consumer (B2C) markets with cross-border transactions accounting for 5% of payments revenue growth by 2022 in the region.

“If payment solutions can provide both business and consumer with reliable, secure, and trusted payment infrastructure, they can capture a significant share of this growing market,” says Bakker. “These figures highlight the potential of the continent and how the risks that are involved in cross-border payment systems need to be addressed in order to further growth and market share.”

Cross-border payments have battled with legacy issues such as a lack of transparency, complex regulation and legalities, system efficiencies, and limited access to reliable and recognizable payment options.

One of the biggest issues highlighted with regards to the B2C cross-border market by the McKinsey report is a lack of access to familiar local payment options on the international websites plus limited visibility into foreign exchange fees.

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