FedEx Trade Networks, the international freight forwarding arm of FedEx Corp., announced the relaunch of Bongo International as FedEx CrossBorder.
FedEx CrossBorder said it offers e-commerce technology solutions that enable e-tailers to navigate common cross-border selling challenges —such as regulatory compliance, secure payment processing, multicurrency pricing and credit card fraud protection — and provides access to e-commerce shoppers around the globe.
“FedEx CrossBorder addresses international purchasing obstacles with a seamless checkout and delivery approach that accepts over 80 currencies, provides 15 payment options, manages multiple delivery options and offers credit card fraud protection, all through a single platform,” FedEx CrossBorder Vice President Chip Hull said in a statement.
"Only about one-third of U.S-based global e-commerce sites accept foreign currencies, and research tells us that customers are more likely to abandon shopping carts that only show U.S.-dollar pricing,” he added.
The introduction of FedEx CrossBorder comes as global e-commerce is growing, with online buying representing over $1 trillion in sales per year. That number is forecasted to nearly double within four years, the company said.