Southeast Asia Digital Commerce Insights Background

2022 Southeast Asia Digital Commerce Insights

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How Southeast Asia Buys and Pays – 2022 Insights

While the region’s recovery after a turbulent period is well underway, businesses now find themselves in a more complex environment. How nimble and flexible is your business in adopting new payments to stay on top of market shifts and fraud risks?

Navigating Through Digital Commerce in Southeast Asia

2022 Southeast Asia Digital Commerce Insights report coverDigital payments continue to create tremendous growth opportunities in Southeast Asia’s rapidly expanding digital economy. SEA’s digital economy is projected to pass the US$300 billion mark by 2026.

Get detailed information on emerging opportunities and risks across Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam by downloading the 2022 report commissioned by 2C2P and Merchant Risk Council (MRC).

What Insights Will You Glean from the Report?

  • Updates on payment trends in Southeast Asia (mobile wallets, real-time payments, BNPL, CBDCs)
  • Breakdowns of payment data across 6 SEA markets (Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam)
  • Emerging fraud threats and vulnerabilities in the region
  • Tips on creating value for your business
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Global Data, Local Insights

Our 2022 report delivers valuable insights into global and regional eCommerce trends. Here are just a few highlights…

Common Questions

  • This 2022 Southeast Asia (SEA) Digital Commerce Insights is a report based on the results of a survey conducted with 500 respondents across six major SEA markets who were asked for their input about navigating through digital commerce. The report explores new developments, challenges, and the need for businesses to adapt to rapidly changing customer demands in payments. For this report, SEA covers Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Their economies make up 90% of geographic SEA’s total GDP.
    This 2022 Southeast Asia (SEA) Digital Commerce Insights is a report based on the results of a survey conducted with 500 respondents across six major SEA markets who were asked for their input about navigating through digital commerce. The report explores new developments, challenges, and the need for businesses to adapt to rapidly changing customer demands in payments. For this report, SEA covers Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Their economies make up 90% of geographic SEA’s total GDP.
  • The report provides the latest data on how Southeast Asia buys and pays, discussing new opportunities, connectivity, and risks across the region. It discusses the jump in the use of digital payments and fintech services, the ongoing push to interconnect SEA’s fragmented payments infrastructure, complexities of dealing with a diverse and still highly localized payments landscape in this region. The report also outlines the rapidly emerging threats as the SEA region becomes a focal point for fraudulent activities with the increased use of digital payments and digital economy services. Finally, along with the key considerations for businesses in the fight against fraud, the report offers recommendations for selecting a payments partner.
    The report provides the latest data on how Southeast Asia buys and pays, discussing new opportunities, connectivity, and risks across the region. It discusses the jump in the use of digital payments and fintech services, the ongoing push to interconnect SEA’s fragmented payments infrastructure, complexities of dealing with a diverse and still highly localized payments landscape in this region. The report also outlines the rapidly emerging threats as the SEA region becomes a focal point for fraudulent activities with the increased use of digital payments and digital economy services. Finally, along with the key considerations for businesses in the fight against fraud, the report offers recommendations for selecting a payments partner.
  • The 2022 Southeast Asia (SEA) Digital Commerce Insights report was commissioned by the MRC and 2C2P and produced by IDS Financial Insights.

    About the MRC
    The MRC is a non-profit global membership organization connecting eCommerce fraud prevention and payments professionals through educational programs, online community groups, conferences, and networking events. Encompassing 600+ companies, including 400+ merchants, it provides education on fraud prevention, payment optimization, and risk management. The MRC launched in 2000 and continues to be at the forefront of industry evolution and the ongoing fight against eCommerce fraud.

    About 2C2P
    2C2P is a leading payments platform connecting Southeast Asia with the rest of the world. Our payment solutions empower global enterprises to accept and make payments securely, and quickly through one point of integration. 2C2P’s full-suite solutions meet the needs of all sectors and are trusted by leading brands such as IKEA, Lazada, Thai Airways, Changi Airport Group, Minor Hotels, and many more.

    About IDC
    International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,100 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide. For 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. 

    The 2022 Southeast Asia (SEA) Digital Commerce Insights report was commissioned by the MRC and 2C2P and produced by IDS Financial Insights.

    About the MRC
    The MRC is a non-profit global membership organization connecting eCommerce fraud prevention and payments professionals through educational programs, online community groups, conferences, and networking events. Encompassing 600+ companies, including 400+ merchants, it provides education on fraud prevention, payment optimization, and risk management. The MRC launched in 2000 and continues to be at the forefront of industry evolution and the ongoing fight against eCommerce fraud.

    About 2C2P
    2C2P is a leading payments platform connecting Southeast Asia with the rest of the world. Our payment solutions empower global enterprises to accept and make payments securely, and quickly through one point of integration. 2C2P’s full-suite solutions meet the needs of all sectors and are trusted by leading brands such as IKEA, Lazada, Thai Airways, Changi Airport Group, Minor Hotels, and many more.

    About IDC
    International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,100 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide. For 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world’s leading technology media, research, and events company. 

Download 2022 Southeast Asia Digital Commerce Insights

Please fill in the form to get your report. The Merchant Risk Council (MRC) is delivering this report in collaboration with 2C2P.

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