For the last few years, e-commerce in Latin America has been growing at a rapid pace. In 2020 Latin Americans started to buy online like never before, due to the social isolation caused by the COVID-19 pandemic and also the high level of digitalization.* This increase in online shopping is likely to remain even after isolation, creating even greater opportunities for global companies.
The financial revolution will be mobile and local. 70%* of Latin Americans have a smartphone.
Latin Americans are in the ranking of the most connected people in the world. Brazilians, for example, spend 9 hours* per day on the internet. They love international products and digital solutions. However, most Latin Americans don’t have access to international credit cards and are more familiar with local payments, which can be a challenge for companies who only offer international cards.
