E-commerce has jumped to stardom, as consumers began spending more time and money online. But the demand for smooth, unique shopping experiences has increased, and merchants must keep up with it.
If you have ever been to Mexico, you will be familiar with Oxxo. The ubiquitous chain of grocery stores seems to have a location on every corner.
In Ecuador, e-commerce still has a long way to go until it reaches the level of development that other Latin American countries have, but its market share in the LATAM region encourages investment.
El Salvador’s e-commerce market is revealing a positive annual growth, and Salvadorans are becoming less sceptical towards online shopping. E-commerce key indicators, such as the mobile payments index, encourage merchants to expand their business into this LATAM market.
In Brazil, digital banks are gaining ground and retaining new customers by the millions. They top Brazil’s unicorn companies and contribute to financial inclusion index, but in the midst of the Coronavirus outbreak, it becomes even more noticeable their success.
Covid-19 outbreak is driving a change in the global payment landscape, making the adoption of alternative payment methods inevitable. They are a must-have for merchants to keep on selling during the pandemic crisis.
Everything everywhere is rapidly evolving at the pace of the pandemic, e-commerce included. Consumers are diverting their time and money, and merchants must be prepared to deal with this impact.
The rise in e-commerce throughout Latin America has caused their online payment ecosystems to evolve. We look at the top four trends to shape these markets.
In LATAM, providing alternative payments at the checkout to match the current demand is the secret formula to convert consumers into customers and to boost e-commerce.
E-commerce in Colombia has seen rapid growth and rapid change over the last few years. We look at everything international e-commerce merchants need to know to tap into this evolving market.