In Payments

Powerful growth will define the future of Latin America’s e-commerce market: 105% growth in volume among the region’s top 6 markets between 2018 and 2022, according to Americas Market Intelligence (AMI) analysis.

While there are more than 20 countries in Latin America, only a handful have developed strong e-commerce markets with significant amounts of transactions. The top 6 that AMI identified are:

  • Brazil: E-commerce market worth $36 billion in 2018
  • Mexico: E-commerce market worth $29 billion in 2018
  • Colombia: E-commerce market worth $10 billion in 2018
  • Argentina: E-commerce market worth $9 billion in 2018
  • Chile: E-commerce market worth $8 billion in 2018
  • Peru: E-commerce market worth $3 billion in 2018

Between 2018 and 2022, the e-commerce growth rates for these markets are projected to be:

Defining E-Commerce in LatAm Markets

This is a key point, because often the definition of e-commerce in LatAm and other markets can be vague or restricted to specific merchant verticals or payment methods. For the purposes of AMI’s analysis, e-commerce was defined as:

  • All sales via merchants, including retail, travel and digital goods
  • E-commerce purchases made with a PC, mobile devices (tablet, smartphone) and also in-app purchases using cards on file, as can occur with Rappi or Uber
  • Cross-border purchases made with a locally-issued card or alternative payment method
  • Recurring/subscription payments

Excluded from this analysis were P2P, in-store QR codes or bill payments, as well as cross-border purchases made with internationally issued cards or cash payments for app services

Going Further

Beyond growth projections, AMI specializes in research and market intelligence for the LatAm e-commerce in a number of key areas:

  • Identifying the major payment methods used in different Latin American e-commerce markets to help merchants with strategic planning, market entry and market expansion
  • Using artificial intelligence and machine learning to help merchants analyze their customer data for a deeper understanding of e-commerce shopper behavior and tendencies so as to refine their marketing tactics, messaging and consumer outreach

Contact us if your company has specific data, market research or market intelligence needs regarding the e-commerce market in Latin America or in specific markets such as Argentina, Brazil, Colombia, Chile, Mexico and Peru.

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