Bongo International Relaunches as FedEx CrossBorder
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 鈥攕uch as regulatory compliance, secure payment processing, multicurrency pricing听and credit card fraud protection 鈥斕 and provides access to e-commerce shoppers around the globe.
鈥淔edEx 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,鈥澨鼺edEx 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,鈥 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.
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FedEx ranks No. 2 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
