- Enabling COD in Southeast Asia allows access to over 73% of unbanked population
- Specifically for sellers in China and Australia, the new service enables cash collection from consumers in Malaysia, Thailand and Vietnam upon delivery
- Secure COD transactions with tracking visibility and fortnightly remittance to sellers
SINGAPORE - Media OutReach - 17 September 2018 - Cash is still king in Southeast Asia, with over 73% of the population still unbanked and inaccessible to e-commerce retailers since they do not have access to credit cards or internet banking services. DHL eCommerce, a division of Deutsche Post DHL Group, today launched its Cross Border Cash-on-Delivery (COD) service to allow consumers to pay for their international purchases in cash and only upon delivery.
DHL eCommerce launches international cash-on-delivery
COD is available as a value-added service of the DHL Parcel International Direct product, specifically for sellers based in China and Australia delivering to consumers in Malaysia, Thailand and Vietnam. Collected cash will be remitted to a local bank account at destination (Malaysia, Thailand or Vietnam) or in the billing country (China or Australia) based on the local destination currency. Remittance will be made to sellers every fortnight and tracking visibility of the status of COD is available on the DHL portal.
"Despite growing credit card adoption in Southeast Asia, the low level of credit card penetration has forced e-commerce retailers to offer alternative modes of payment methods such as cash on delivery, digital payments and in some cases paying in-store. This opens up a huge potential by reaching out to a new group of unbanked consumers and also meeting the needs of consumers who prefer to pay in cash." said Charles Brewer, CEO, DHL eCommerce.
"China and Australia are huge e-commerce export markets and our DHL Parcel International Direct product provides a direct entry into high demand markets with excellent transit times of 3-5 business days with economical shipping prices. With our fully-owned domestic delivery network in Malaysia, Thailand and Vietnam, we are able to deliver on-time with secure features like cash-on-delivery." added Brewer.
To enable sellers in China and Australia to tap on the cross-border e-commerce opportunity, DHL eCommerce enables economical international shipping with a range of e-commerce features. This includes parcel pick-up service; easy IT integration of the seller's inventory into the DHL shipping process, end-to-end tracking, dynamic routing and distribution, returns management, etc.
DHL eCommerce is part of Deutsche Post DHL Group, established in 2014 as part of the Group's growing focus in e-commerce logistics solutions. Along with its sister divisions DHL Express, DHL Supply Chain and DHL Global Forwarding, the Group offers end-to-end solutions for e-commerce retailers.
For more information on DHL Parcel International Direct:
(For Australia sellers): https://www.logistics.dhl/au-en/home/our-divisions/ecommerce/shipping/international-shipping.html
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DHL is the leading global brand in the logistics industry. Our DHL family of divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 360,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, energy, automotive and retail, a proven commitment to corporate responsibility and an unrivalled presence in developing markets, DHL is decisively positioned as "The logistics company for the world".
DHL is part of Deutsche Post DHL Group. The Group generated revenues of more than 60 billion euros in 2017.