SlideShare a Scribd company logo
Signs that E-commerce Growth Is
Not Going to Stop
www.paymentasia.com
Indonesia has one of the biggest e-commerce markets in the whole of South Asia.
Mainly due to the growing middle class that is depending on the internet and
smartphones to shop online. With an increase in disposable income, more and more
online transactions are taking place on internet retail shops. This is one of the main
reasons why online businesses are opting for an e-commerce payment gateway to meet
the growing demand from customers. Here are some of the signs that predict the trend of
growth in the e-commerce domain is not going to stop.
Increases in Investment into E-commerce Development
The Indonesian government is currently trying to develop an e-commerce development
plan for helping more e-commerce businesses to thrive. Their plan is to promote
entrepreneurial spirit within Indonesia so that they can develop the digital economy of
the country. Because of the backing of the Government, there are many major investors
who are investing their money into Indonesian E-commerce platforms. There is more
confidence among investors to further invest in Indonesian companies which also seems
to increase online transactions.
Boost in The Use of Digital Payment Methods
Due to the increase in investment in Indonesian online businesses, the development of an
Indonesian online payment gateway helps attract new customers to online platforms. E-
wallets are dominating the digital payment space. These digital wallets help customers to
make payments on online stores easily. Another great player in the digital payment space
is Buy Now Pay Later (BNPL). This payment method allows shoppers to make
payments in instalments for goods purchased online. Since many Indonesians have
access to mobile phones, online purchases using these payment methods become hassle-
free.
Growing Middle-Class Population
Indonesia has a very large population and most of them are middle-class in the society.
The middle-class is the single driving factor for the growth of the e-commerce industry.
The emerging middle-class is estimated to increase in the coming years, meaning that
the e-commerce industry is predicted to see sustainable growth as well. The middle-class
in Indonesia prefer to use an e-commerce payment gateway to shop online. Another
factor that we have to take into account is the rising internet and smartphone penetration
in Indonesia. With a young and tech-savvy population, the new generation is much more
comfortable with a cashless experience when shopping online.
The Effect of The Pandemic
The COVID-19 pandemic has reinforced the importance of e-commerce businesses in
Indonesia. There has been an increase in sales across numerous online businesses. This
pandemic has just accelerated the adoption of the internet and the usage of an Indonesian
online payment gateway to make transactions possible. The ease of making purchases
from the comfort of your own homes is attracting more customers. With the pandemic
still raging in many parts of the world, the convenience of online shopping is becoming
more attractive to Indonesian customers. This is just another sign that e-commerce
businesses are the future of the financial landscape in Indonesia.
Contact Us
85231058028 , 85227542822
services@paymentasia.com
https://www.paymentasia.com/en/
https://www.facebook.com/pzgp.paymentasia
https://twitter.com/HK_PaymentAsia
https://www.youtube.com/channel/UCDd79bnKT0I4y0aiCKNQz6g

More Related Content

Similar to Signs that E-commerce Growth Is Not Going to Stop

Term paper on role of e commerce in india
Term paper on role of e commerce in indiaTerm paper on role of e commerce in india
Term paper on role of e commerce in india
Subhadeep Roy
 
Barriers to Electronic Commerce Adoption in Small and Medium Enterprises in I...
Barriers to Electronic Commerce Adoption in Small and Medium Enterprises in I...Barriers to Electronic Commerce Adoption in Small and Medium Enterprises in I...
Barriers to Electronic Commerce Adoption in Small and Medium Enterprises in I...
Shakir Ali
 
DailySocial Fintech Report 2019
DailySocial Fintech Report 2019 DailySocial Fintech Report 2019
DailySocial Fintech Report 2019
Prayogo Ryza Sulistiyo
 
Philippine E-Commerce & the ASEAN 2015 Integration
Philippine E-Commerce & the ASEAN 2015 IntegrationPhilippine E-Commerce & the ASEAN 2015 Integration
Philippine E-Commerce & the ASEAN 2015 Integration
Joses Sacilioc
 
E-commerce in India
E-commerce in IndiaE-commerce in India
E-commerce in India
rishabhrai123
 
Flipkartanalysis2 141017040240-conversion-gate01
Flipkartanalysis2 141017040240-conversion-gate01Flipkartanalysis2 141017040240-conversion-gate01
Flipkartanalysis2 141017040240-conversion-gate01
meet shah
 
State of Indonesian Payments part 1
State of Indonesian Payments part 1State of Indonesian Payments part 1
State of Indonesian Payments part 1
Frank Mercado
 
PSRA 2015 - State of Indonesian Payments Part 2
PSRA 2015 - State of Indonesian Payments Part 2PSRA 2015 - State of Indonesian Payments Part 2
PSRA 2015 - State of Indonesian Payments Part 2
Frank Mercado
 
Fintech Uprising in Indonesia 2016 Preview
Fintech Uprising in Indonesia 2016 PreviewFintech Uprising in Indonesia 2016 Preview
Fintech Uprising in Indonesia 2016 Preview
SDI Lab
 
PROJECT REPORT ON “E-COMMERCE”
PROJECT REPORT ON “E-COMMERCE”PROJECT REPORT ON “E-COMMERCE”
PROJECT REPORT ON “E-COMMERCE”
Amrendra Kumar Anand
 
Digital money Revolution Introduction
Digital money Revolution IntroductionDigital money Revolution Introduction
Digital money Revolution Introduction
Raj vardhan
 
A study on E-Finance
A study on E-FinanceA study on E-Finance
A study on E-Finance
Nitin Gulgulia
 
E banking
E bankingE banking
E banking
mandeepparmar
 
786
786786
786
bhadwal
 
eTailing India Launches India Mobile Wallet Market - 2015
eTailing India Launches India Mobile Wallet Market - 2015eTailing India Launches India Mobile Wallet Market - 2015
eTailing India Launches India Mobile Wallet Market - 2015
eTailing India
 
Industry Presentation: eCommerce in Indonesia: Opportunities & Challenges
Industry Presentation: eCommerce in Indonesia: Opportunities & ChallengesIndustry Presentation: eCommerce in Indonesia: Opportunities & Challenges
Industry Presentation: eCommerce in Indonesia: Opportunities & Challenges
dmg events Asia
 
Marketing online shopping - consumer’s perception on online shopping
Marketing   online shopping - consumer’s perception on online shoppingMarketing   online shopping - consumer’s perception on online shopping
Marketing online shopping - consumer’s perception on online shopping
Radhe Jha
 
Assignment on E Commerce , Security & Cybercrime
Assignment on E Commerce , Security & CybercrimeAssignment on E Commerce , Security & Cybercrime
Assignment on E Commerce , Security & Cybercrime
Al Imran
 
ppp.docx
ppp.docxppp.docx
ppp.docx
arifbillah96
 
ppp.docx
ppp.docxppp.docx
ppp.docx
arifbillah96
 

Similar to Signs that E-commerce Growth Is Not Going to Stop (20)

Term paper on role of e commerce in india
Term paper on role of e commerce in indiaTerm paper on role of e commerce in india
Term paper on role of e commerce in india
 
Barriers to Electronic Commerce Adoption in Small and Medium Enterprises in I...
Barriers to Electronic Commerce Adoption in Small and Medium Enterprises in I...Barriers to Electronic Commerce Adoption in Small and Medium Enterprises in I...
Barriers to Electronic Commerce Adoption in Small and Medium Enterprises in I...
 
DailySocial Fintech Report 2019
DailySocial Fintech Report 2019 DailySocial Fintech Report 2019
DailySocial Fintech Report 2019
 
Philippine E-Commerce & the ASEAN 2015 Integration
Philippine E-Commerce & the ASEAN 2015 IntegrationPhilippine E-Commerce & the ASEAN 2015 Integration
Philippine E-Commerce & the ASEAN 2015 Integration
 
E-commerce in India
E-commerce in IndiaE-commerce in India
E-commerce in India
 
Flipkartanalysis2 141017040240-conversion-gate01
Flipkartanalysis2 141017040240-conversion-gate01Flipkartanalysis2 141017040240-conversion-gate01
Flipkartanalysis2 141017040240-conversion-gate01
 
State of Indonesian Payments part 1
State of Indonesian Payments part 1State of Indonesian Payments part 1
State of Indonesian Payments part 1
 
PSRA 2015 - State of Indonesian Payments Part 2
PSRA 2015 - State of Indonesian Payments Part 2PSRA 2015 - State of Indonesian Payments Part 2
PSRA 2015 - State of Indonesian Payments Part 2
 
Fintech Uprising in Indonesia 2016 Preview
Fintech Uprising in Indonesia 2016 PreviewFintech Uprising in Indonesia 2016 Preview
Fintech Uprising in Indonesia 2016 Preview
 
PROJECT REPORT ON “E-COMMERCE”
PROJECT REPORT ON “E-COMMERCE”PROJECT REPORT ON “E-COMMERCE”
PROJECT REPORT ON “E-COMMERCE”
 
Digital money Revolution Introduction
Digital money Revolution IntroductionDigital money Revolution Introduction
Digital money Revolution Introduction
 
A study on E-Finance
A study on E-FinanceA study on E-Finance
A study on E-Finance
 
E banking
E bankingE banking
E banking
 
786
786786
786
 
eTailing India Launches India Mobile Wallet Market - 2015
eTailing India Launches India Mobile Wallet Market - 2015eTailing India Launches India Mobile Wallet Market - 2015
eTailing India Launches India Mobile Wallet Market - 2015
 
Industry Presentation: eCommerce in Indonesia: Opportunities & Challenges
Industry Presentation: eCommerce in Indonesia: Opportunities & ChallengesIndustry Presentation: eCommerce in Indonesia: Opportunities & Challenges
Industry Presentation: eCommerce in Indonesia: Opportunities & Challenges
 
Marketing online shopping - consumer’s perception on online shopping
Marketing   online shopping - consumer’s perception on online shoppingMarketing   online shopping - consumer’s perception on online shopping
Marketing online shopping - consumer’s perception on online shopping
 
Assignment on E Commerce , Security & Cybercrime
Assignment on E Commerce , Security & CybercrimeAssignment on E Commerce , Security & Cybercrime
Assignment on E Commerce , Security & Cybercrime
 
ppp.docx
ppp.docxppp.docx
ppp.docx
 
ppp.docx
ppp.docxppp.docx
ppp.docx
 

More from PaymentAsia

Is Your Business Secure While Accepting Online Payments?
Is Your Business Secure While Accepting Online Payments?Is Your Business Secure While Accepting Online Payments?
Is Your Business Secure While Accepting Online Payments?
PaymentAsia
 
Five Technologies You Should Include in Your Organization’s Business Growth S...
Five Technologies You Should Include in Your Organization’s Business Growth S...Five Technologies You Should Include in Your Organization’s Business Growth S...
Five Technologies You Should Include in Your Organization’s Business Growth S...
PaymentAsia
 
The Entrance of Cryptocurrency and Blockchain Technology into The Economy
The Entrance of Cryptocurrency and Blockchain Technology into The EconomyThe Entrance of Cryptocurrency and Blockchain Technology into The Economy
The Entrance of Cryptocurrency and Blockchain Technology into The Economy
PaymentAsia
 
A Complete Guide on Cryptocurrency Payment Gateway
A Complete Guide on Cryptocurrency Payment GatewayA Complete Guide on Cryptocurrency Payment Gateway
A Complete Guide on Cryptocurrency Payment Gateway
PaymentAsia
 
Why Is Cryptocurrency Gaining Ground in Asia?
Why Is Cryptocurrency Gaining Ground in Asia?Why Is Cryptocurrency Gaining Ground in Asia?
Why Is Cryptocurrency Gaining Ground in Asia?
PaymentAsia
 
Benefits of a Cryptocurrency Payment Gateway.pptx
Benefits of a Cryptocurrency Payment Gateway.pptxBenefits of a Cryptocurrency Payment Gateway.pptx
Benefits of a Cryptocurrency Payment Gateway.pptx
PaymentAsia
 
How to Navigate through International Payment Processing?
How to Navigate through International Payment Processing?How to Navigate through International Payment Processing?
How to Navigate through International Payment Processing?
PaymentAsia
 
PCI Compliance for Payment Security
PCI Compliance for Payment SecurityPCI Compliance for Payment Security
PCI Compliance for Payment Security
PaymentAsia
 
Five Ways Your Business Can Accept Secure Online Payments
Five Ways Your Business Can Accept Secure Online PaymentsFive Ways Your Business Can Accept Secure Online Payments
Five Ways Your Business Can Accept Secure Online Payments
PaymentAsia
 
Things You Should Know about Cryptocurrency Payment Gateways Before Investing
Things You Should Know about Cryptocurrency Payment Gateways Before InvestingThings You Should Know about Cryptocurrency Payment Gateways Before Investing
Things You Should Know about Cryptocurrency Payment Gateways Before Investing
PaymentAsia
 
Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022
Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022
Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022
PaymentAsia
 
Top Questions to Ask Your Online Payment Service Provider.pptx
Top Questions to Ask Your Online Payment Service Provider.pptxTop Questions to Ask Your Online Payment Service Provider.pptx
Top Questions to Ask Your Online Payment Service Provider.pptx
PaymentAsia
 
Why Are More Businesses Opting for Crypto Payment Gateways?
Why Are More Businesses Opting for Crypto Payment Gateways?Why Are More Businesses Opting for Crypto Payment Gateways?
Why Are More Businesses Opting for Crypto Payment Gateways?
PaymentAsia
 
Advantages of Using a Cryptocurrency Payment Gateway
Advantages of Using a Cryptocurrency Payment GatewayAdvantages of Using a Cryptocurrency Payment Gateway
Advantages of Using a Cryptocurrency Payment Gateway
PaymentAsia
 
Why Are Companies Investing in Crypto Payment Gateways?
Why Are Companies Investing in Crypto Payment Gateways?Why Are Companies Investing in Crypto Payment Gateways?
Why Are Companies Investing in Crypto Payment Gateways?
PaymentAsia
 
How to Find the Right E-Payment Technology Provider
How to Find the Right E-Payment Technology ProviderHow to Find the Right E-Payment Technology Provider
How to Find the Right E-Payment Technology Provider
PaymentAsia
 
Why Invest in Online Payment Solutions Offered in Asia.pptx
Why Invest in Online Payment Solutions Offered in Asia.pptxWhy Invest in Online Payment Solutions Offered in Asia.pptx
Why Invest in Online Payment Solutions Offered in Asia.pptx
PaymentAsia
 
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022Three Important Trends for Digital Payments for the Growth of eCommerce in 2022
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022
PaymentAsia
 
Why Is Cryptocurrency Gaining Ground in Asia?
Why Is Cryptocurrency Gaining Ground in Asia?Why Is Cryptocurrency Gaining Ground in Asia?
Why Is Cryptocurrency Gaining Ground in Asia?
PaymentAsia
 
Benefits of a Cryptocurrency Payment Gateway
Benefits of a Cryptocurrency Payment GatewayBenefits of a Cryptocurrency Payment Gateway
Benefits of a Cryptocurrency Payment Gateway
PaymentAsia
 

More from PaymentAsia (20)

Is Your Business Secure While Accepting Online Payments?
Is Your Business Secure While Accepting Online Payments?Is Your Business Secure While Accepting Online Payments?
Is Your Business Secure While Accepting Online Payments?
 
Five Technologies You Should Include in Your Organization’s Business Growth S...
Five Technologies You Should Include in Your Organization’s Business Growth S...Five Technologies You Should Include in Your Organization’s Business Growth S...
Five Technologies You Should Include in Your Organization’s Business Growth S...
 
The Entrance of Cryptocurrency and Blockchain Technology into The Economy
The Entrance of Cryptocurrency and Blockchain Technology into The EconomyThe Entrance of Cryptocurrency and Blockchain Technology into The Economy
The Entrance of Cryptocurrency and Blockchain Technology into The Economy
 
A Complete Guide on Cryptocurrency Payment Gateway
A Complete Guide on Cryptocurrency Payment GatewayA Complete Guide on Cryptocurrency Payment Gateway
A Complete Guide on Cryptocurrency Payment Gateway
 
Why Is Cryptocurrency Gaining Ground in Asia?
Why Is Cryptocurrency Gaining Ground in Asia?Why Is Cryptocurrency Gaining Ground in Asia?
Why Is Cryptocurrency Gaining Ground in Asia?
 
Benefits of a Cryptocurrency Payment Gateway.pptx
Benefits of a Cryptocurrency Payment Gateway.pptxBenefits of a Cryptocurrency Payment Gateway.pptx
Benefits of a Cryptocurrency Payment Gateway.pptx
 
How to Navigate through International Payment Processing?
How to Navigate through International Payment Processing?How to Navigate through International Payment Processing?
How to Navigate through International Payment Processing?
 
PCI Compliance for Payment Security
PCI Compliance for Payment SecurityPCI Compliance for Payment Security
PCI Compliance for Payment Security
 
Five Ways Your Business Can Accept Secure Online Payments
Five Ways Your Business Can Accept Secure Online PaymentsFive Ways Your Business Can Accept Secure Online Payments
Five Ways Your Business Can Accept Secure Online Payments
 
Things You Should Know about Cryptocurrency Payment Gateways Before Investing
Things You Should Know about Cryptocurrency Payment Gateways Before InvestingThings You Should Know about Cryptocurrency Payment Gateways Before Investing
Things You Should Know about Cryptocurrency Payment Gateways Before Investing
 
Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022
Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022
Top 3 Payment Trends That Can Boost the Growth of eCommerce in 2022
 
Top Questions to Ask Your Online Payment Service Provider.pptx
Top Questions to Ask Your Online Payment Service Provider.pptxTop Questions to Ask Your Online Payment Service Provider.pptx
Top Questions to Ask Your Online Payment Service Provider.pptx
 
Why Are More Businesses Opting for Crypto Payment Gateways?
Why Are More Businesses Opting for Crypto Payment Gateways?Why Are More Businesses Opting for Crypto Payment Gateways?
Why Are More Businesses Opting for Crypto Payment Gateways?
 
Advantages of Using a Cryptocurrency Payment Gateway
Advantages of Using a Cryptocurrency Payment GatewayAdvantages of Using a Cryptocurrency Payment Gateway
Advantages of Using a Cryptocurrency Payment Gateway
 
Why Are Companies Investing in Crypto Payment Gateways?
Why Are Companies Investing in Crypto Payment Gateways?Why Are Companies Investing in Crypto Payment Gateways?
Why Are Companies Investing in Crypto Payment Gateways?
 
How to Find the Right E-Payment Technology Provider
How to Find the Right E-Payment Technology ProviderHow to Find the Right E-Payment Technology Provider
How to Find the Right E-Payment Technology Provider
 
Why Invest in Online Payment Solutions Offered in Asia.pptx
Why Invest in Online Payment Solutions Offered in Asia.pptxWhy Invest in Online Payment Solutions Offered in Asia.pptx
Why Invest in Online Payment Solutions Offered in Asia.pptx
 
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022Three Important Trends for Digital Payments for the Growth of eCommerce in 2022
Three Important Trends for Digital Payments for the Growth of eCommerce in 2022
 
Why Is Cryptocurrency Gaining Ground in Asia?
Why Is Cryptocurrency Gaining Ground in Asia?Why Is Cryptocurrency Gaining Ground in Asia?
Why Is Cryptocurrency Gaining Ground in Asia?
 
Benefits of a Cryptocurrency Payment Gateway
Benefits of a Cryptocurrency Payment GatewayBenefits of a Cryptocurrency Payment Gateway
Benefits of a Cryptocurrency Payment Gateway
 

Recently uploaded

3 Examples of new capital gains taxes in Canada
3 Examples of new capital gains taxes in Canada3 Examples of new capital gains taxes in Canada
3 Examples of new capital gains taxes in Canada
Lakshay Gandhi
 
x ray baggage scanner manufacturers in India
x ray baggage scanner manufacturers in Indiax ray baggage scanner manufacturers in India
x ray baggage scanner manufacturers in India
Gujar Industries India Pvt. Ltd
 
Enhance Your Home with Professional Painting Services
Enhance Your Home with Professional Painting ServicesEnhance Your Home with Professional Painting Services
Enhance Your Home with Professional Painting Services
Perfect Industrial
 
Best Web Development Frameworks in 2024
Best Web Development Frameworks in 2024Best Web Development Frameworks in 2024
Best Web Development Frameworks in 2024
growthgrids
 
Greeting powerpoint slide for kids( 4-6 years old)
Greeting powerpoint slide for kids( 4-6 years old)Greeting powerpoint slide for kids( 4-6 years old)
Greeting powerpoint slide for kids( 4-6 years old)
lenguyenthaotrang663
 
Discover How Long Do Aluminum Gutters Last?
Discover How Long Do Aluminum Gutters Last?Discover How Long Do Aluminum Gutters Last?
Discover How Long Do Aluminum Gutters Last?
SteveRiddle8
 
Biomass Briquettes A Sustainable Solution for Energy and Waste Management..pptx
Biomass Briquettes A Sustainable Solution for Energy and Waste Management..pptxBiomass Briquettes A Sustainable Solution for Energy and Waste Management..pptx
Biomass Briquettes A Sustainable Solution for Energy and Waste Management..pptx
ECOSTAN Biofuel Pvt Ltd
 
Best Immigration Consultants in Amritsar- SAGA Studies
Best Immigration Consultants in Amritsar- SAGA StudiesBest Immigration Consultants in Amritsar- SAGA Studies
Best Immigration Consultants in Amritsar- SAGA Studies
SAGA Studies
 
Emmanuel Katto Uganda - A Philanthropist
Emmanuel Katto Uganda - A PhilanthropistEmmanuel Katto Uganda - A Philanthropist
Emmanuel Katto Uganda - A Philanthropist
Marina Costa
 
eBrand Promotion Full Service Digital Agency Company Profile
eBrand Promotion Full Service Digital Agency Company ProfileeBrand Promotion Full Service Digital Agency Company Profile
eBrand Promotion Full Service Digital Agency Company Profile
ChimaOrjiOkpi
 
Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...
Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...
Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...
Summerland Environmental
 
Copy Trading Forex Brokers 2024 ptx
Copy Trading Forex Brokers 2024      ptxCopy Trading Forex Brokers 2024      ptx
Copy Trading Forex Brokers 2024 ptx
Brokerreviewfx
 
Electrical Testing Lab Services in Dubai.pdf
Electrical Testing Lab Services in Dubai.pdfElectrical Testing Lab Services in Dubai.pdf
Electrical Testing Lab Services in Dubai.pdf
sandeepmetsuae
 
Expert Tips for Pruning Your Plants.pdf.
Expert Tips for Pruning Your Plants.pdf.Expert Tips for Pruning Your Plants.pdf.
Expert Tips for Pruning Your Plants.pdf.
Local Gardeners
 
Understanding Love Compatibility or Synastry: Why It Matters
Understanding Love Compatibility or Synastry: Why It MattersUnderstanding Love Compatibility or Synastry: Why It Matters
Understanding Love Compatibility or Synastry: Why It Matters
AstroForYou
 
Top 10 Challenges That Every Web Designer Face on A Daily Basis.pptx
Top 10 Challenges That Every Web Designer Face on A Daily Basis.pptxTop 10 Challenges That Every Web Designer Face on A Daily Basis.pptx
Top 10 Challenges That Every Web Designer Face on A Daily Basis.pptx
e-Definers Technology
 
Solar Panel For Home Price List In india
Solar Panel For Home Price List In indiaSolar Panel For Home Price List In india
Solar Panel For Home Price List In india
janhaviconaxweb
 
The Significance of Flowers in Our Lives
The Significance of Flowers in Our LivesThe Significance of Flowers in Our Lives
The Significance of Flowers in Our Lives
BISOU Flowers
 
Bridging the Language Gap The Power of Simultaneous Interpretation in Rwanda
Bridging the Language Gap The Power of Simultaneous Interpretation in RwandaBridging the Language Gap The Power of Simultaneous Interpretation in Rwanda
Bridging the Language Gap The Power of Simultaneous Interpretation in Rwanda
Kasuku Translation Ltd
 
Top Challenges Faced by High-Risk Merchants and How to Overcome Them.pptx
Top Challenges Faced by High-Risk Merchants and How to Overcome Them.pptxTop Challenges Faced by High-Risk Merchants and How to Overcome Them.pptx
Top Challenges Faced by High-Risk Merchants and How to Overcome Them.pptx
Merchantech - Payment Processing Services
 

Recently uploaded (20)

3 Examples of new capital gains taxes in Canada
3 Examples of new capital gains taxes in Canada3 Examples of new capital gains taxes in Canada
3 Examples of new capital gains taxes in Canada
 
x ray baggage scanner manufacturers in India
x ray baggage scanner manufacturers in Indiax ray baggage scanner manufacturers in India
x ray baggage scanner manufacturers in India
 
Enhance Your Home with Professional Painting Services
Enhance Your Home with Professional Painting ServicesEnhance Your Home with Professional Painting Services
Enhance Your Home with Professional Painting Services
 
Best Web Development Frameworks in 2024
Best Web Development Frameworks in 2024Best Web Development Frameworks in 2024
Best Web Development Frameworks in 2024
 
Greeting powerpoint slide for kids( 4-6 years old)
Greeting powerpoint slide for kids( 4-6 years old)Greeting powerpoint slide for kids( 4-6 years old)
Greeting powerpoint slide for kids( 4-6 years old)
 
Discover How Long Do Aluminum Gutters Last?
Discover How Long Do Aluminum Gutters Last?Discover How Long Do Aluminum Gutters Last?
Discover How Long Do Aluminum Gutters Last?
 
Biomass Briquettes A Sustainable Solution for Energy and Waste Management..pptx
Biomass Briquettes A Sustainable Solution for Energy and Waste Management..pptxBiomass Briquettes A Sustainable Solution for Energy and Waste Management..pptx
Biomass Briquettes A Sustainable Solution for Energy and Waste Management..pptx
 
Best Immigration Consultants in Amritsar- SAGA Studies
Best Immigration Consultants in Amritsar- SAGA StudiesBest Immigration Consultants in Amritsar- SAGA Studies
Best Immigration Consultants in Amritsar- SAGA Studies
 
Emmanuel Katto Uganda - A Philanthropist
Emmanuel Katto Uganda - A PhilanthropistEmmanuel Katto Uganda - A Philanthropist
Emmanuel Katto Uganda - A Philanthropist
 
eBrand Promotion Full Service Digital Agency Company Profile
eBrand Promotion Full Service Digital Agency Company ProfileeBrand Promotion Full Service Digital Agency Company Profile
eBrand Promotion Full Service Digital Agency Company Profile
 
Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...
Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...
Sustainable Solutions for Chemical Waste Disposal by Summerland Environmental...
 
Copy Trading Forex Brokers 2024 ptx
Copy Trading Forex Brokers 2024      ptxCopy Trading Forex Brokers 2024      ptx
Copy Trading Forex Brokers 2024 ptx
 
Electrical Testing Lab Services in Dubai.pdf
Electrical Testing Lab Services in Dubai.pdfElectrical Testing Lab Services in Dubai.pdf
Electrical Testing Lab Services in Dubai.pdf
 
Expert Tips for Pruning Your Plants.pdf.
Expert Tips for Pruning Your Plants.pdf.Expert Tips for Pruning Your Plants.pdf.
Expert Tips for Pruning Your Plants.pdf.
 
Understanding Love Compatibility or Synastry: Why It Matters
Understanding Love Compatibility or Synastry: Why It MattersUnderstanding Love Compatibility or Synastry: Why It Matters
Understanding Love Compatibility or Synastry: Why It Matters
 
Top 10 Challenges That Every Web Designer Face on A Daily Basis.pptx
Top 10 Challenges That Every Web Designer Face on A Daily Basis.pptxTop 10 Challenges That Every Web Designer Face on A Daily Basis.pptx
Top 10 Challenges That Every Web Designer Face on A Daily Basis.pptx
 
Solar Panel For Home Price List In india
Solar Panel For Home Price List In indiaSolar Panel For Home Price List In india
Solar Panel For Home Price List In india
 
The Significance of Flowers in Our Lives
The Significance of Flowers in Our LivesThe Significance of Flowers in Our Lives
The Significance of Flowers in Our Lives
 
Bridging the Language Gap The Power of Simultaneous Interpretation in Rwanda
Bridging the Language Gap The Power of Simultaneous Interpretation in RwandaBridging the Language Gap The Power of Simultaneous Interpretation in Rwanda
Bridging the Language Gap The Power of Simultaneous Interpretation in Rwanda
 
Top Challenges Faced by High-Risk Merchants and How to Overcome Them.pptx
Top Challenges Faced by High-Risk Merchants and How to Overcome Them.pptxTop Challenges Faced by High-Risk Merchants and How to Overcome Them.pptx
Top Challenges Faced by High-Risk Merchants and How to Overcome Them.pptx
 

Signs that E-commerce Growth Is Not Going to Stop

  • 1. Signs that E-commerce Growth Is Not Going to Stop www.paymentasia.com
  • 2. Indonesia has one of the biggest e-commerce markets in the whole of South Asia. Mainly due to the growing middle class that is depending on the internet and smartphones to shop online. With an increase in disposable income, more and more online transactions are taking place on internet retail shops. This is one of the main reasons why online businesses are opting for an e-commerce payment gateway to meet the growing demand from customers. Here are some of the signs that predict the trend of growth in the e-commerce domain is not going to stop.
  • 3. Increases in Investment into E-commerce Development The Indonesian government is currently trying to develop an e-commerce development plan for helping more e-commerce businesses to thrive. Their plan is to promote entrepreneurial spirit within Indonesia so that they can develop the digital economy of the country. Because of the backing of the Government, there are many major investors who are investing their money into Indonesian E-commerce platforms. There is more confidence among investors to further invest in Indonesian companies which also seems to increase online transactions.
  • 4. Boost in The Use of Digital Payment Methods Due to the increase in investment in Indonesian online businesses, the development of an Indonesian online payment gateway helps attract new customers to online platforms. E- wallets are dominating the digital payment space. These digital wallets help customers to make payments on online stores easily. Another great player in the digital payment space is Buy Now Pay Later (BNPL). This payment method allows shoppers to make payments in instalments for goods purchased online. Since many Indonesians have access to mobile phones, online purchases using these payment methods become hassle- free.
  • 5. Growing Middle-Class Population Indonesia has a very large population and most of them are middle-class in the society. The middle-class is the single driving factor for the growth of the e-commerce industry. The emerging middle-class is estimated to increase in the coming years, meaning that the e-commerce industry is predicted to see sustainable growth as well. The middle-class in Indonesia prefer to use an e-commerce payment gateway to shop online. Another factor that we have to take into account is the rising internet and smartphone penetration in Indonesia. With a young and tech-savvy population, the new generation is much more comfortable with a cashless experience when shopping online.
  • 6. The Effect of The Pandemic The COVID-19 pandemic has reinforced the importance of e-commerce businesses in Indonesia. There has been an increase in sales across numerous online businesses. This pandemic has just accelerated the adoption of the internet and the usage of an Indonesian online payment gateway to make transactions possible. The ease of making purchases from the comfort of your own homes is attracting more customers. With the pandemic still raging in many parts of the world, the convenience of online shopping is becoming more attractive to Indonesian customers. This is just another sign that e-commerce businesses are the future of the financial landscape in Indonesia.
  • 7. Contact Us 85231058028 , 85227542822 services@paymentasia.com https://www.paymentasia.com/en/ https://www.facebook.com/pzgp.paymentasia https://twitter.com/HK_PaymentAsia https://www.youtube.com/channel/UCDd79bnKT0I4y0aiCKNQz6g