Federal Express Corporation, one of the world's largest express transportation companies, is expanding FedEx® International Connect Plus (FICP) for e-tailers in Hong Kong.

Already available for Hong Kong e-tailers to send shipments within Asia Pacific markets, the expanded service will now connect to destinations in the US and Europe.

In a statement, FedEx said the expanded coverage of FICP is the company's latest effort to support the growth of cross-border e-commerce from Asia to the US and Europe.

"With this expansion, e-commerce merchants in Hong Kong can now offer their customers an international shipping solution with prices that offer value-for-money, while ensuring most shipments will be delivered between 2 to 3 business days to the US and Europe," FedEx said in a statement.

E-commerce sales in Asia is projected to reach US$13,209 billion by 2030, growing at a CAGR of 17.6% from 2023 to 2030.

In Hong Kong, revenue from e-commerce businesses is projected to reach US$7.25 billion by 2029.

"In recent years, we have seen great potential for Hong Kong customers to tap into their e-commerce opportunities. FICP has been received enthusiastically by our e-commerce customers who value it as the optimal balance of expedited delivery and cost-effectiveness," said Anthony Leung, managing director of FedEx Hong Kong and Macau.

"The expansion of FICP, in conjunction with our other digital offerings, enhances our ability to support our customers with a convenient and seamless shipping experience and facilitate the continued growth of cross-border e-commerce in Hong Kong," he added.

In addition to the end-to-end e-commerce solutions, FedEx continues to digitize its services and improve the customer experience for Hong Kong customers.

The company recently added Faster Payment System (FPS) as an alternative payment option via QR Pay to its existing credit or debit card payment options.

The expanded FICP service is also available for e-tailers operating in Mainland China and Japan and will be available in other Asia Pacific markets later this year.