Payments Will Shape Cross-Border eCommerce in 2023

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Despite the high level of economic uncertainty, many industry watchers believe that the cross-border eCommerce sector will continue to expand.

It’s a prediction that is supported by the assumption that this expansion will be enabled, at least in part, by payment solutions that help ease the pain points that small online merchants frequently suffer when navigating the challenges of doing business in new countries.

Payoneer Senior Vice President for the Americas Ya Wen claims that it has already started to happen.

Despite the high level of economic uncertainty, many industry watchers believe that the cross-border eCommerce sector will continue to expand.

It’s a prediction that is supported by the assumption that this expansion will be enabled, at least in part, by payment solutions that help ease the pain points that small online merchants frequently suffer when navigating the challenges of doing business in new countries.

Payoneer Senior Vice President for the Americas Ya Wen claims that it has already started to happen. To have the liquidity and cash flow necessary to invest in their internet business, “they want to get paid as quickly as feasible.”