Southeast Asia Has Added 70 Million Online Shoppers

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Southeast Asia Has Added 70 Million Online Shoppers

According to a Facebook report, more than 70 million people have benefited from online trading in six Southeast Asian countries since the pandemic began.

While governments have urged people to stay home to prevent coronavirus, there has been a rapid increase in digital services in Southeast Asia. Demand has increased in areas such as food supply, e-commerce, online payment methods.

The trend is still likely to continue for some time. The report predicts that the number of digital users in Southeast Asia will reach 350 million by the end of 2021.

According to the report, the number of online shoppers in Southeast Asia will reach 380 million by 2026. Among the countries surveyed, Indonesia has the highest growth rate. Its digital consumer population is likely to reach 165 million by the end of 2021.

E-commerce Explosion

Much of Southeast Asia and the rest of the world are still battling the Delta strain. Although the massive vaccination process, restrictions still apply in many countries, increasing the e-commerce market. According to a survey conducted in May, the number of online shopping users increased by 45% in 2020, with the Philippines, Singapore, and Malaysia leading the way.

As the report predicts, average online spending will increase by 60% this year. The share of total retail trade in 2020 will increase to 9%.

The more purchases are made online, the more popular modern payment methods become. The report says that the results of the pandemic study show the enormous potential of the region’s digital economy. It is suggested the area will grow the market for at least the next ten years.

Given the current situation, online shopping and getting services will not lose their relevance. Most importantly, online shopping is safe for everyone and the best solution for virus prevention.

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