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  • Filipino MSMEs can now tap into international markets through Shopee’s #TatakPinoy International

    Filipino MSMEs can now tap into international markets through Shopee’s #TatakPinoy International

    MANILA, PHILIPPINES (5 October 2023) – Shopee is breaking down barriers and opening up new horizons for Filipino Micro, Small, and Medium Enterprises (MSMEs) with the launch of #TatakPinoy International. This groundbreaking initiative empowers local sellers to expand their business and connect with international customers, strengthening the global presence of Filipino brands. It will also empower Filipino entrepreneurs and artisans to showcase their talents and products to an international audience, promoting Philippine culture, craftsmanship, and ingenuity globally. This free program will be available first to Shopee’s markets in Singapore and Malaysia.

    #TatakPinoy International represents a significant stride towards Shopee’s mission of empowering Filipino businesses in the digital era by giving them opportunities to grow, develop, and reach a wider audience. This can be seen in Shopee’s efforts through their various services and features, such as Shopee Live, Shopee Affiliates, and Shopee University, which offer sellers an avenue to learn how to start their e-commerce business, upscale their brand, and form tight-knit communities with KOLs and buyers simultaneously.

    “Shopee’s core mission has consistently been to support the growth and success of Filipino entrepreneurs. We’re excited about their potential to expand their presence globally through #TatakPinoy International. This underlines our unwavering dedication to fostering local economic growth and forging sustainable opportunities for our community of local MSMEs. We will remain committed to harnessing the transformative potential of technology to facilitate long-term growth for our Filipino sellers,” shared Vincent Lee, Head of Shopee Philippines.

    #TatakPinoy International will soon be open to all Shopee sellers, promising a shopping experience with seamless cross-border logistics support. This is similar to its present system, yet with a broader reach. It will help Filipino sellers connect with overseas buyers, which Shopee and its third-party logistics partners will process to fulfill the order successfully. Shopee sellers and brands can maintain their local selling experience but can now reach a wider buyer pool and higher order volume to expand their consumer base to Shopee users in other markets. Shopee’s new program is a significant development for the Philippine e-commerce market and aligns with the Philippines’ broader economic goals. It is expected to benefit local sellers and enhance cultural exchange and collaboration across Southeast Asia.

    In my opinion, the article stated above related to the launch of #TatakPinoy International will give an opportunity to Filipino Micro, Small, and Medium Enterprises (MSMEs) with ease of doing business to customers locally and internationally with a purpose of strengthening Filipino brands globally.

    REFERENCE & CONTACT:

    CRZTHLV E. BISA
    Shopee | Marketing | Corporate Affairs
    Mobile: 0927-500-0208
    Address: 48F, The Podium West Tower, ADB Avenue,
    Ortigas Center, Mandaluyong City, Metro Manila

  • Cross-border trade to accelerate expansion opportunities for Filipino SMEs

    A growing cross-border e-marketplace in Asia Pacific is a signal for Filipino SMEs to consider taking their products and services abroad, according to PayPal.

    The global leader in digital payments and Ipsos recently released the 2018 PayPal Cross-Border Consumer Research, which investigates the online shopping habits of approximately 34,000 consumers in 31 countries — including the Philippines. It reveals a growing cross-border e-commerce scene, with the US and China being the biggest markets in terms of online spend.

    According to the study, there is a healthy appetite for e-commerce in APAC, with 48 percent of consumers shopping cross-border in the last 12 months. “This is a huge opportunity for local entrepreneurs to expand their businesses beyond the Philippines. China, in particular, shows significant promise as the Philippines improves its bilateral relations with the world’s second largest economy,” said Abhinav Kumar, Head of Strategic Partnerships for PayPal in Southeast Asia.

    China, the largest market for online purchases in the world, spent an estimated total of RMB 3.9 trillion for online transactions in 2017. This is projected to increase to RMB 5.4 trillion in 2018. Cross-border trade (buying from a website not in their own country) is increasing with 43 percent of Chinese consumers shopping cross-border in the last 12 months compared to 26 percent the previous year.

    APAC countries like Australia, India and Japan are likewise growing fast. For 2018, the PayPal study projects Japan to increase its total online spend by 26 percent, India by 53 percent, and Australia by 19 percent.

    Cross-border opportunities for Filipino merchants

    The digital upheaval brought about by social media and increased smartphone penetration translate to increased opportunities for cross-border trade, as seen by the projected growth in online spending. The world has become much smaller as platforms like PayPal enable merchants to take advantage of opportunities by connecting them with global consumers, allowing SMEs and micro enterprises more opportunities to thrive.

    According to the study, the top few reasons for the growth in cross-border shopping can be attributed to the novelty of accessing items that are not available in their own country (49 percent) or to discover new and interesting products (34 percent). Over 30 percent of consumers from China and Australia who shop online cite finding items that are hard to find locally as a reason for making them more likely to shop cross-border.

    “The demand for unique products is there, and this is an opportunity for Filipino businesses to showcase products not available elsewhere. The Philippines produces many unique products thanks to its rich culture, and with e-commerce, local merchants can now bring uniquely Filipino products to the world,” said Kumar.

    Cosmetics on the rise for APAC consumers

    As more and more Asian nations become more open to cross-border trade, Filipino businesses should be mindful of what consumers are buying to be able to take full advantage.

    Globally, fashion, such as clothing, footwear and accessories, remain the top category for online shopping, with 68 percent of cross-border online shoppers having spent on these items in the past 12 months.

    While APAC shoppers are forecasted to be spending more online in 2018, buying behaviors are also changing. Survey results showed that Chinese consumers are turning their attention to spending on things for health and beauty as well as their children, with online spending on cosmetics and baby supplies predicted to increase by 21 and 31 percent, respectively, in 2018. In India, online spending on the same categories are forecasted to increase by 40 and 37 percent, respectively. Consumer electronics is also another growth category in APAC, with online spending in the category expected to grow by 40 percent in India, 20 percent in China, and 13 percent in Australia.

    Security a key driver of cross-border trade

    Despite the increasing popularity of international online shopping among consumers across the globe, challenges to cross-border shopping remain. Barriers vary from region to region. Over a third (38 percent) of all online shoppers say that having a more secure way to pay would make them more likely to shop internationally.

    In order for Filipino merchants to take full advantage of the expected increase in online spend, they need to address these barriers to encourage overseas purchases. With PayPal, they can connect to international consumers via a secure, seamless, and hassle-free network.

    “At PayPal, we understand that while more and more people shop online, the hassle of online payments can be a barrier. PayPal addresses those concerns through a more convenient and more secure online payment facility for consumers to buy the things they need and love. As Filipino businesses take their cross-border sales online, we are proud to empower people and businesses to join and thrive in the global economy,” added Kumar.

    PayPal endeavours to bring a sense of security to online shoppers with Refunded Returns (terms and limitations apply). In addition to Refunded Returns, PayPal offers Buyer Protection for eligible transactions to help provide a greater peace of mind for online shoppers. This protection goes both ways as merchants can be protected against eligible fraudulent transactions with Seller Protection.

     

    About PayPal

    Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 244 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PayPal financial information, visit https://investor.paypal-corp.com.

    Catherine Llanes
    Media Relations Manager
    m: +63 917 5820573
    t: +632 332 1031 loc. 108
    http://www.m2comms.com/