Australia: digital trade scores first to any other G20 market

Wednesday 16 July 2014 13:12 CET | News

Australian ecommerce has surpassed any other G20 market due to affordable, good quality internet, sophisticated regulations, widespread smartphone adoption and advanced electronic payment systems, according to the G20 e-Trade Readiness Index issued by the online retailer eBay, reports.

Tod Cohen, eBay deputy general counsel, has informed that as far as the top countries are concerned, a boost in sales is generally registered via the eBay platform and that payments are notably initiated via PayPal. The same report estimates that around 3 billion people will be connected to internet by the end of 2014, a notable rise from 300 million in 1999. Moreover, there is a 5 billion increase predicted for 2020.

However, the report notes that factors such as restrictive data regulations, outdated shipping rules which offer preeminence to large companies at the expense of small businesses, poor internet access in developing countries are prohibiting ecommerce from reaching its full potential.

Check out our Cross-border Ecommerce Research section here for more info on specific ecommerce facts and figures, preferred payment methods, risk and fraud, as well as ecommerce legislation and regulation in Australia.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Australia, ecommerce, digital trade, online payments, online purchase, transactions , payment gateway
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events