Enhancing cross-border payment services for e-commerce merchants in APAC, Unlimit, the global payments fintech has partnered with Shoplazza, the AI-commerce tech firm.
China’s e-commerce market is currently the largest worldwide and accounts for nearly 50 per cent of global transactions. By integrating Unlimit into its platform, the 500,000 Shoplazza merchants in this region will now be able to leverage Unlimit’s portfolio of payment methods and payment infrastructure to expand their customer bases worldwide.
According to the State Council’s data, China’s cross-border e-commerce experienced a remarkable 15.6 per cent significant surge in import-export volume in 2023. This was driven by a 19.6 per cent rise in exports. The market’s growth has shown no sign of stopping. In the first quarter of 2024, the cross-border e-commerce trade in China had already shown an increase of 9.6 per cent, of which 14 per cent was an increase in exports.
These merchants will now have another revenue stream as Unlimit’s global payment portfolio consists of 1,000+ directly integrated payment methods and local acquiring licenses operating across five continents.
Irene Skrynova, chief customer officer, Unlimit
Integrating with Unlimit enables businesses all around the world to smoothly and efficiently expand across APAC, EMEA, LATAM, the UK, India, and Africa. The service will guarantee a high level of security for end-users, and in turn, ensure customer loyalty and retention.
“For the last 15 years, we have supported merchants from all over the world in accelerating their global expansion. We share Shoplazza’s commitment to empowering e-commerce companies with the right payment tools to streamline cross-border transactions,” said Unlimit’s chief customer officer, Irene Skrynova.
“We are certain that together, we can truly enhance cross-border operations for merchants of all sizes and leave our mark in the evolution of the APAC e-commerce industry.”
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