PayPal reports 62% of South Africans bought online from overseas retailers in the past year
PayPal estimates South Africans will spend more than R45bn online this year, with clothing the most popular item and the US the most popular place to buy from
Clothing‚ footwear and accessories are the items South Africans mostly buy online from abroad‚ according to online payments company PayPal. About 62% of South African online shoppers purchased something from an overseas retailer in the past 12 months‚ compared to 43% the previous year. Clothing‚ footwear and accessories came in as the most common cross-border purchase (68%)‚ with jewellery and watches (62%) the second most popular, and consumer electronics — computers‚ tablets‚ mobile devices and peripherals — the third purchase of choice (54%). In its annual cross-border e-commerce report‚ which examines the online and cross-border shopping behaviour of 34,052 consumers‚ PayPal and market research company Ipsos, say online shopping is expected to increase over the next 24 months‚ with a forecasted total spend of R61.9bn in 2020. The reason: 75% of adults interviewed highlighted the convenience of shopping online. "Advances in technology‚ such as mobile technology and access to data...
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