Ecuador, a potential market for growth-oriented companies
The e-commerce market in Ecuador is still in an early stage, however, with the growing access to the internet and smartphones Ecuadorian consumers are starting to buy more online and enterprise companies are increasingly curious about the power of this potential market.
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The use of mobile devices and social networks have increased e-commerce sales in Ecuador
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93%* of the population has mobile phone connections.
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Ecuador has 12M* internet users, representing 71% of the country’s population.
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Compared to other Latin American countries Ecuador holds some advantages. The country doesn’t have many restrictions for foreign transactions, also its official currency is USD.
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Most of the consumers who are buying online in Ecuador choose international e-commerce stores.
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Reach 100% of Ecuadorian Online Shoppers with Local Payment Methods
Local Payment Methods in Ecuador
Research shows that the fear of giving out personal information and being swindled is the biggest motivation for not buying on the internet. Increase your sales by offering Ecuadorians the local payment methods that they trust and are used to.
Voucher and Electronic Payment
A voucher payment and a real-time bank transfer method. Easy and secure solution for customers who wish to pay in cash or through their online banking service.
Discover more about Voucher and Electronic Payments