The Latin American E-Commerce Market
Major markets: Brazil, Mexico
Emerging markets: Chile and Argentina
Major payment methods
- International cards are common throughout the Latin American markets. Cards are often used to take advantage of installment credits, allowing consumers to finance the purchase with partial payments made over a period of time.
- Electronic Fund Transfer and Internet Bank Payments, such as Boleto Bancário and Online Debito in Brazil, are common and growing in popularity.
Challenges and Netgiro’s response
- Local card restrictions — Local cards are often restricted for cross-border online shopping which can result in a high decline rate for international merchants selling in these markets. In addition, the popular installment payments are only available to locally processed card transactions. To optimize conversions and increase your sales, Netgiro connects directly into the local payment networks and thereby avoid these restrictions.
- Numerous emerging markets — We track these markets’ e-commerce development and growth to make sure we have the appropriate payment connections in place as our clients are ready to take the next step on their global expansion.
Are you taking your online business to Brazil and Mexico?
Contact us to discuss your current program or for a program bid.