Colombia is a country with a very high informal economy. This is one of the reasons because, culturally, cash is the preferred method of payment for Colombians.
Starting June 27th 2018, a number of non-residents supplying digital services for Argentine consumers will be subjected to a 21% tax.
Mexico is calling the attention of merchants around the world but its low credit card penetration forces traders to look for alternative solutions. To reach this market strategic local payments must be taken into consideration.
Steep discounts, daily deals and flash sales stir online games market in a week-long event. For most gamers all over the world, Steam Sale is more expected than Christmas or Black Friday.
Colombia has been working hard to increase exponentially its economic growth and position itself as one of the four Latin American countries with the most significant e-commerce, alongside Brazil, Mexico and Argentina. Only in 2017, 30.3 million internet connections were registered in the country during the last quarter of the year, an increase of 6.4% compared to the previous quarter. Another key…
Among regulations and strict laws, a fine of ?20 million (or 4% of the company?s annual turnover) can be applied for any business that don?t respect the new GDPR. If your e-commerce has any connection with European shoppers, this article is for you!
Following the trend of Latin America, Uruguayan consumers prefer paying all sort of bills with cash. Offering different tools to enable this kind of payment method will boost e-commerce sales vertiginously.
According to the Peruvian Chamber of Electronic Commerce (Cámara Peruana de Comercio Electrónico – Capece), the exponential increase represented sales of US$ 2,800 billion in 2016.
With 2.6 million people with internet access, e-commerce is still at an early age in a country with a steady growth in the last years. Some online stores showed an annual growth rate of 30% to 50%.
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.