{"id":1533026,"date":"2024-01-31T05:00:22","date_gmt":"2024-01-31T10:00:22","guid":{"rendered":"https:\/\/www.practicalecommerce.com\/?p=1533026"},"modified":"2024-03-27T08:45:35","modified_gmt":"2024-03-27T12:45:35","slug":"charts-ecommerce-in-emerging-markets","status":"publish","type":"post","link":"https:\/\/www.practicalecommerce.com\/charts-ecommerce-in-emerging-markets","title":{"rendered":"Charts: Ecommerce in Emerging Markets 2024"},"content":{"rendered":"<p>The global consumer class will expand by 109 million people in 2024. That&#8217;s according to &#8220;<a href=\"https:\/\/www.ebanx.com\/en\/beyond-borders-2024\/why-rising-markets\/\">Beyond Borders 2024<\/a>,&#8221; a report by Ebanx, the Brazil-based payments provider, addressing the digital economy in emerging markets.<\/p>\n<p>The report highlights how digitization is transforming key industries and fostering economic growth, resulting in a more equitable landscape between emerging markets and developed economies.<\/p>\n<p>Per the report, in 2024 India will contribute 34 million (31%) of the new consumers globally, surpassing the combined numbers from Europe, the Americas, and Africa, owing to the rise of ecommerce.<\/p>\n<div id=\"everviz-dF_FaZf7z\" class=\"everviz-dF_FaZf7z\"><script src=\"https:\/\/app.everviz.com\/inject\/dF_FaZf7z\/?v=5\" defer=\"defer\"><\/script><\/div>\n<p>&#8211;<\/p>\n<p>For international corporations, rising markets present a significant avenue for digital growth. The data shows that while ecommerce is experiencing a 13% annual growth rate in developed nations (Europe and the U.S.), it&#8217;s advancing at 20% in rising markets (<a href=\"https:\/\/www.practicalecommerce.com\/southeast-asia-tops-worldwide-ecommerce-growth\">Southeast Asia<\/a>, Africa, <a href=\"https:\/\/www.practicalecommerce.com\/ecommerce-flourishes-in-latin-america\">Latin America<\/a>).<\/p>\n<div id=\"everviz-1BTmPLeCy\" class=\"everviz-1BTmPLeCy\"><script src=\"https:\/\/app.everviz.com\/inject\/1BTmPLeCy\/?v=10\" defer=\"defer\"><\/script><\/div>\n<p>&#8211;<\/p>\n<p>A substantial portion of ecommerce in rising economies, particularly Latin America, is driven by international purchases. The data shows that <a href=\"https:\/\/www.practicalecommerce.com\/charts-2023-global-shopping-trends\">cross-border transactions<\/a> also play a significant role in the economies of Mexico, Chile, and South Africa.<\/p>\n<div id=\"everviz-l9PqHEOJl\" class=\"everviz-l9PqHEOJl\"><script src=\"https:\/\/app.everviz.com\/inject\/l9PqHEOJl\/?v=5\" defer=\"defer\"><\/script><\/div>\n<p>&#8211;<\/p>\n<p>Moreover, according to the forecasts, by 2027 rising markets will account for roughly 40% of global B2B digital payments.<\/p>\n<div id=\"everviz-Kkftq1nrK\" class=\"everviz-Kkftq1nrK\"><script src=\"https:\/\/app.everviz.com\/inject\/Kkftq1nrK\/?v=5\" defer=\"defer\"><\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Most of the growth in global ecommerce is from Southeast Asia, Latin America, and Asia. <\/p>\n","protected":false},"author":2426,"featured_media":1533038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_wp_rev_ctl_limit":""},"categories":[58306],"tags":[58315],"class_list":["post-1533026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cross-border","tag-charts",""],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.2 (Yoast SEO v25.2) - 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