News Formal

‘Philippines e-commerce market to reach P2.2 trillion in 2028’

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 94%

E-Commerce समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

The Philippine e-commerce market is expected to hit P2.2 trillion by 2028 as more consumers make purchases online and more brands enter the space, according to data and analytics company GlobalData.

Shivani Gupta, senior banking and payments analyst at GlobalData, said the Philippine e-commerce market is anticipated to post a compound annual growth rate of 13.2 percent between 2024 and 2028 to reach P2.2 trillion or $39.5 billion in 2028.MANILA, Philippines —

The growth has also been supported by the government’s initiatives to boost e-commerce sales including the Department of Trade and Industry’s partnership with e-commerce and logistics provider SOMAGO, which involves encouraging small and medium enterprises to set up their business online and sell their products via the SOMAGO platform.Last year, Chinese e-commerce platform Temu launched operations in the Philippines to compete with companies like Lazada and Shopee.

Payment cards are the second most preferred payment method, with debit, credit and charge and prepaid cards collectively accounting for a 28.2 percent share in 2023. Credit growth accelerated further to 9.6 percent in April from 9.4 percent in March as Philippine banks disbursed more production...

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 1. in İN
 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Livestock Philippines and Aquaculture Philippines 2024 lead way in driving business opportunities, industry growthManila, Philippines – Informa Markets in the Philippines is set to host again the Livestock Philippines and Aquaculture Philippines this year, highlighting innovation and technology to improve the agricultural economy particularly the livestock and aquaculture industries.
स्रोत: BusinessMirror - 🏆 19. / 59 और पढो »

Livestock Philippines and Aquaculture Philippines 2024 highlight innovation, expertise to empower industryPasay City - Informa Markets in the Philippines is optimistic that this year’s Livestock Philippines and Aquaculture Philippines will empower stakeholders from both subsectors to adopt technology and enter new markets, helping fuel economic growth at the regional and national levels.
स्रोत: BusinessMirror - 🏆 19. / 59 और पढो »