Global E-Commerce Revenues Surge; Asian Nations Lead in Growth Rate Ranking


Source: fintechnews.sg fintechnews.sg

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Global e-commerce sales have surged amid the COVID-19 pandemic, with China, Hong Kong, South Korea, Vietnam, India and Japan recording amongst the highest revenue growth rates in the world, a Payoneer whitepaper says. Top 10 Countries: Year-Over-Year Revenue Growth, One Giant Leap: The Growth of eCommerce Amidst the COVID-19 Pandemic and Beyond, Payoneer Chinese sellers saw sales volumes surged 65% and 50% year-over-year (YoY) in Q2 and Q3 2020, respectively, while South Korea recorded a 65% and 129% YoY increase during the same periods. In Vietnam, e-commerce sales spiked more than 90% YoY in Q2 2020, and 45% in Q3...