Benefits Of Cross Border E-Commerce For MSME Actors And Consumers

YOGYAKARTA The presence of e-commerce or online stores has facilitated the sale and purchase of goods, even with international coverage (cross border). Usually, cross-border imported goods are ordered via e-commerce, then sent directly to consumers by sellers from abroad. So, what are the benefits of cross-border e-commerce?

Before knowing the benefits of cross-border e-commerce, you must first understand what cross-border or cross-border transactions are.

According to the Bank of England page, cross-border is a financial transaction where payers and recipients are in different countries.

Cross border is not only about financial transactions, but also about cross-border shipments. The expeditions used are expeditions with international shipping services, both by air and by sea.

Regarding the payment method, it is usually done in various ways, such as bank transfers, credit cards, and digital wallets.

Related to this, there are two types of cross-border transactions, including:

In recent decades, cross-border transactions through e-commerce have continued to increase. This is influenced by the rapid development of online stores.

Benefits Of Cross Border E-Commerce For MSME Actors And Consumers

There are several cross-border transaction activities, aka cross-border via e-commerce, including:

As mentioned above, the presence of e-commerce has facilitated the sale and purchase of cross-border goods. This means that Micro, Small and Medium Enterprises can market their products to various countries.

With a wider market share, sellers have the potential to do more sales and receive multiple income.

The next benefit of cross-border e-commerce is to increase the competitiveness of local products. However, before reaching the international market, MSME players must improve the quality of their products and services.

Transnational buying and selling activities through e-commerce provide opportunities for MSME players to sell their products internationally. By utilizing digital trading platforms, MSMEs can easily reach consumers in various countries without having to have physical presence abroad.

By competing in local products in the international market, business actors will automatically try to improve the quality of their products.

With a cross border e-commerce, consumers in Indonesia can access foreign products that are not directly marketed in the country.

Likewise with consumers from other countries who can shop for products in Indonesia without having to visit them.

This is information about the benefits of cross-border e-commerce for MSMEs and consumers. Hopefully this article can add insight to the loyal readers of VOI.ID.