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2016 has been a year of expansion, events and industry accolades for allpago. We now cover more than 80% of Latin America’s $78 billion B2C e-commerce market. With the majority of customers in Brazil, Mexico, Colombia and Argentina using only local payment methods and thus more than doubling their revenues, we have become the payment platform of choice for some of the biggest names in global e-commerce operating in the region.
Here are 10 highlights from this year that we are particularly excited about:
We expanded into Argentina, the third largest e-commerce market in Latin America. There are 34.5 million online shoppers in Argentina that can now buy from global e-commerce companies using local payment methods because of allpago.
Latin America is one of the fastest-growing regions in the world for e-commerce. There are 110 million active digital buyers in Latin America already; it is fertile ground for international e-commerce merchants.
With most e-commerce customers using local payment methods only, there is a large role for allpago to play in helping to open these markets up to international e-commerce. We are currently working on new research into the Brazilian e-commerce marketing and payments landscape which will help further here, and we are planning the next phase of geographic expansion with a move into Chile.
Thanks for being part of our successes this year. We look forward to working with you in 2017!
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