Cross-border online shopping in foreign currency

According to reports from global consulting firm Accenture and AliResearch, Alibaba Group’s research arm, the global B2C cross-border e-commerce market will balloon in size to $1 trillion in 2020, up from $230 billion in 2014. In the report, researchers forecast this form of online shopping will see compound annual growth of 27.4 percent per year. By 2020, more than 900 million people around the world will be international online shoppers, the report says, with purchases accounting for nearly 30 percent of all global B2C transactions. China will become the largest cross-border B2C market by 2020, with the transaction volume of imported goods purchased online reaching $245 billion. The report also predicts over 200 million Chinese consumers will be cross-border shoppers by 2020. Cardonio Card can directly address those markets on a global scale.