Cross-border sales make up more than a third of Singapore businesses' e-commerce revenue: Visa study

SINGAPORE (Dec 19): International sales now account for an average of 35% of revenue of Singapore e-commerce businesses, according to a study published Thursday by digital payments giant Visa Inc.

But while 96% of Singapore business owners agreed that having an international presence is key to their company’s success in five years, only 72% are currently already engaging in cross-border sales.