E-Commerce: Growing Brick by BRICS

By Transpay | April 4, 2018

In a recent blog post, Ingenico Group took a close look at factors that drive e-commerce in the BRICS (Brazil, Russia, India, China, and South Africa). With 720 million online shoppers in 2016, an e-commerce study released by AliResearch expects BRICS nations to hit 1,350 million by 2022. The report shows how rapidly BRICS e-commerce is growing, thanks to improved internet infrastructure and increased adoption of smart phones.

Several important country highlights include Brazil and South Africa's rapidly increasing growth rates, Russia's cross-border e-commerce driving the economy, India paving the way with mobile, and China's largest online retail market.

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Topics: China, e-commerce marketplaces, cross-border payouts, e-commerce payouts, BRICS, Brazil, India, Russia, South Africa

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