The Emerging APAC Opportunity: Local Payment Methods

Western Merchants Deeply Lacking Knowledge About APAC Payments  Regional wallets like Alipay, Paytm and Rakuten reign supreme in the Asia-Pacific (APAC) region — but only 1.8% of U.K., U.S. and Canadian merchants think that APAC shoppers want to use them. In “The Emerging APAC Opportunity: Local Payment Methods,” a collaboration with Citcon,  PYMNTS surveys 500 executives to find out firsthand how lackluster localization is cutting into their bottom lines.
Inside the December Playbook
  • 40%: Share of international eTailers planning APAC expansion in the next three years
  • 33%: Portion of merchants that believe lackluster localization is exacerbating cart abandonment rates
  • 13%: Share of international eTailers accepting local APAC wallets

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