The second largest market for e-commerce in Latam, right after Brazil, can reach $11 billion in e-commerce sales in 2018 alone. According to the Business Insider, it is also expected to register a growth of 15.6% by 2019.
According to the report by Ecommerce Europe, digital shops increased 13.3% in 2014 (representing 2.9 billion euros) and this number doubled in 2016 as Portuguese ecommerce reached a value of 4.2 billion euros made by 3.4 million online users.
The most unique payment method in Brazil, boletos are responsible for a considerable amount of online transactions in the country. They can cover anything from small utility bills such as rent to higher value products like a holiday trip.
Cash Payments are the kings of alternative payments methods in Argentina, making it a must have if you wish to access this market.
Turkey is not charming only by its secular culture and gorgeous landscapes.
A new government and a more open approach to international businesses has created the necessary conditions for optimism regarding the future of Argentina.
Want to reach the largest and most influential LATAM market via cross-border sales? Check our infographic about online shopping in Brazil.
Chilean online consumers are quite open to international e-commerce solutions and show a high demand for digital services.
Learning about local preferences and payment methods is the key to boost cross-border sales and reach 60.5 million internet shoppers in the Brazilian territory.