“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…
Tag: Mexico
Fairplay thinks it can give an edge to e-commerce startups—it sure has the money, offers over US$3 million
“The Mexican revenue-based financing platform has announced that, as of this week, it will make available to small and medium sized-enterprises (SMEs) in e-commerce a fund of MXN$75 million—that’s over US$3 million. Mexico is the second largest e-commerce market in the region. The country makes up 30 percent of online sales in all of Latin…
Taking China’s eCommerce Lessons On The Road
“But as they expand farther into regions like the Middle East, and nations like Mexico and Brazil, the challenges become less transparent…That includes securing tax services, managing suppliers, navigating FX exchanges to minimize charges and working through VAT systems with different rules governing them. According to Oxford University data, as of 2017, the largest overall…