back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Unlocking e-Commerce growth across global markets

By Edlyn Cardoza

September 27, 2021

  • Americas Market Intelligence
  • Argentina
  • Brazil
Share

dLocal, eCommerce, Americas Market IntelligencedLocal, a technology-first payments platform that enables global enterprise merchants to connect with billions of consumers in emerging markets, in partnership with Americas Market Intelligence (AMI), recently released an exclusive industry report to fix the lack of trustworthy data about eCommerce in core and high-potential emerging markets.

The countries covered are Egypt, Morocco, Nigeria, and South Africa in Africa; India in Asia; Argentina, Brazil, Chile, Colombia, Mexico, Paraguay, Peru, and Uruguay in Latin America; and Turkey in the Middle East. Here are some of the report highlights:

  • In 2020, the 14 core emerging markets added up to US$350 billion in processed payments
  • The total pay-outs made from merchants to individuals in 2020 was equivalent to US$812 billion
  • Local payment methods represent 83% of total eCommerce expenditure in the 14 core markets
  • Although the global economy contracted by 3.5% in 2020, eCommerce growth remained positive, averaging 27% YoY among the 14 core markets
  • Cross-border retail spending is growing thanks to international marketplaces seeking new locations to do business
  • International leisure travel will begin to rebound in 2022, possibly reaching pre-pandemic levels by 2024

“When a merchant, business leader, journalist, or market analyst, wants to find data about the state of eCommerce in developed nations, a quick Google search is all it takes. However, with emerging markets, the scenario is far different. Information is usually disorganized and unreliable, and those countries are very diverse,” says Mathieu Limousi, VP of Marketing and Communications at dLocal. “That is why in this report, dLocal provides a clear, concise, and consistent account of eCommerce in such strategic regions.”

Some of the key stats include eCommerce market size, predictions, industry breakdown, and payment behavior. “To give an idea of the plurality of different local payment methods, our One dLocal concept – one API, one platform, one contract – enables merchants to accept 600 payment methods across 30 markets in Africa, Asia, Latin America, and the Middle East. It is important to partner with companies and organizations with extensive local expertise,” says Limousi.

Previous Article

September 27, 2021

Bharat BillPay onboards BSNL for ‘mobile prepaid recharges’ category

Read More
Next Article

September 27, 2021

Intergic partners with e-bot7, the Conversational AI solution

Read More










IBSi Daily News Analysis

Tech, Banking, UK

October 07, 2022

Americas Market Intelligence

Despite massive investments in IT, UK banking customers remain skeptical

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Kotak Mahindra Bank partners with Finastra for Kotak FYN

Read More

Today

PENG partners with Ecospend to benefit its small business customers with open banking services

Read More

Today

Balance and Mirakl partner to power online payment experience for B2B marketplaces

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022