$307 Bn to be spent on Cross Border shopping by 2018, says PayPal

In the 19th century BC, the term ‘International Trade’ simply meant trade over long distances. Earliest records of barter between nations can be dated back to Egyptian trade in the Red Sea, importing spices from the Land of Punt and Arabia. Now we have modern trade routes that make it amazingly easy to buy American munchies here in India or French designer clothes in Hong Kong. According to PayPal, Cross Border trade accounts for nearly 25% of their total payment volume.

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