eCommerce in Thailand Value To Grow To 120 Billion USD

In 2020, eCommerce in Thailand ranked 26th largest market with a revenue of US $ 8 billion and this value placed the country even ahead of other developed countries like Finland. According to the latest report of the Electronic Transactions Development Agency (ETDA), Thailand will in this year itself turn into a 120 billion USD industry with a growth of 6.1%. In the pandemic, many businesses of Thailand shifted their focus to the business-to-customer model which is improving the eCommerce market in the country for the better. Even before when Thailand was hit with the pandemic, many retailers embraced the digital transformation attracting online customers. With the precautions taken in Covid like digital payment, social distancing and online shopping, retailers saw a spike in their business. This further strengthened the trend to sell the products directly to the…