E-commerce in Mexico and Brazil is booming, here’s what AI tech is doing about it

Brandon McGee

6 years ago

“During the first quarter of 2020, Visa reported that 13 million people in Latin America made their first online purchase.
Shopping app downloads in Latin America grew 43 percent year-over-year in May.
‘All our customers saw a 130 percent increase in new users,’ José Sánchez, Spreaad’s co-Founder, told Contxto.
‘During this time, retail sales increased and the conversion rate was reduced from around 25 days to 18 days. That means shoppers are deciding faster on their purchases.’”