The global health crisis led to a dramatic rise in digital transactions across Latin America, turning the region into the second fastest-growing eCommerce market worldwide — with sales grossing $200 billion in 2020. Approximately 52 million Latin American consumers were projected to head online to...
Latin American consumers are shopping more online, but marketplaces that want to gain their trust, loyalty and business need to do more than offer them products to buy. In the inaugural Global Merchants’ Guide To Latin America, Camilo Riveros, director of innovation for eCommerce merchant...
Digital retail sales are set to skyrocket in Latin America in the next few years, predicted to reach $160 billion by the end of 2025, according to one recent report. Such growth occurs as interest in — and usage of — emerging digital banking and...
Argentinian eCommerce firm MercadoLibre will be investing $1.1 billion to expand in Mexico, Reuters reported. The expansion will help boost warehouse space and services in Mexico. That figure is around three times the $420 million MercadoLibre spent last year in Mexico, with the market there...
Mercado Pago, a unit of Argentinian eCommerce platform MercadoLibre, is introducing new services to its app-based wallet users, in a move to stay competitive in an increasingly crowded market, according to a report by Reuters. The new services will include money withdrawal and credit line...
Payments startup Stripe has announced that it’s opening up an office in Mexico City to take advantage of opportunities for growth in the Latin American region, according to a report by CNBC. Stripe said it wants to get engineers from the area and take advantage...
Providing onboarding services in the Latin American market is both an exciting opportunity and a challenging one. The level of opportunity arising in the market across verticals — but particularly in financial services — means there are literally thousands of startups and more than a...
The U.S. might prohibit Visa, Mastercard and other financial institutions (FIs), such as SWIFT, from processing transactions in Venezuela. Citing a senior Trump administration official, Reuters reported that if the move is finalized, it would target the elite and groups loyal to President Nicolás Maduro, including...
SoftBank, the Japan-based technology company, is rolling out a $2 billion fund that will target Latin American technology companies. According to a report in Reuters, by launching another tech-focused fund, SoftBank is increasing its ambitions in the technology market beyond its massive Vision Technology Fund. Per...
