Latin American e-Commerce generates more than US$ 60 billion per year

Latin American e-Commerce has experienced substantial growth and generates every year between 60 billion and 70 billion dollars (more than 132 billion Brazilian reais). Main part of this amount is dedicated to the purchase of electrical appliance, most relevant category, and transnational operations, stated a market specialist. “Electronic commerce is more mature in countries like Chile and especially Brazil, which is the transaction leader in the region. However, Mexican e-Commerce market is still crawling and there is much room for expansion in the country and in the rest of the region”, explained Ian Cox, executive of PayPal Latin America.

A main feature of Latin American electronic market observed by PayPal since its entry in the region is the need to adapt payments and offer instalments, very common and relevant in countries like Mexico and Brazil. Instalments allow consumers to spread their purchases over an agreed period of time – for example, in 12 instalments. “As we don’t offer this service in the United States, we needed to change our product of make it available in Latin America”, commented Cox.

About allpago international

allpago international provides a full-spectrum of payment services in the LATAM region. allpago works as a payment gateway, a white label payment service provider (PSP) or a product and service reseller for merchants and payment service providers interested in the LATAM markets.

allpago’s features include one-click payments, recurring payments, instalments, dynamic descriptor and mobile payment solutions. The company’s html 5.0 code allows multiscreen and is as easy to implement into the store through the “plug and pay” feature. Furthermore, the company offers a fully integrated Risk Management Solution with more than 70 checks. allpago has recently become the first LATAM payment solution provider of the Merchant Risk Council (MRC).

Current clients include Art.com, Busuu.com, McAfee, Teamviewer, Twoo.com and many other leading payment or digital companies from various sectors.

Reference:

http://www.ecommercebrasil.com.br/noticias/comercio-eletronico-movimenta-mais-us-60-bi-por-ano-na-america-latina/