According to a recent forecast by Forrester, online retail sales in Asia Pacific will grow from $1.5 trillion in 2019 to $2.5 trillion in 2024. Asia Pacific is forecasted to outpace the rest of the world, representing a whopping 64.3% of global e-commerce spending.
Digitization is borderless. However, cross-border activities even though bring new streams of revenue also bring new challenges. One of those challenges – knowing your real customers and decreasing the risk of becoming a target of fraud.