Mexico is the second biggest e-commerce market in Latin America, representing 18% of the main markets in the continent and worth US$ 50 billion in 2021. But when it comes to opportunities for international merchants, how does Mexico differ from other Latam countries?
Bordering the USA, the country has the highest cross-border penetration in Latam: 24% in 2021, with the expectation to reach 31% in 2025. Even though the country has a lot of opportunities for international merchants, it's essential to understand Mexican's payment preferences and their particularities to succeed in its e-commerce market.
This is what we dive into in our exclusive country guide. Here you’ll find up-to-date data about the market, its consumers, their payment and shopping habits, how each segment was impacted and is recovering from the pandemic, and much more.
In our exclusive Country Guide for Mexico, the second biggest market in Latin America, you’ll find:
- Mexico in numbers;
- E-commerce habits and preferences in detail;
- Industry trends for each segment;
- Local payment methods and their share of e-commerce;
- And much more!
Accepting local payment methods unlocks 109 million potential customers who want to shop online but do not have a credit card.
Download the guide for free and make your way to Mexico’s fast-growing e-commerce market!
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PagSeguro (NYSE: PAGS) provides innovative payment solutions, automating payments, sales, and wire transfers to boost businesses anywhere, in a simple and secure way. Part of the UOL Group – the leader in Brazilian internet –, PagSeguro acts as an issuer, an acquirer, and a provider of digital accounts, besides offering complete solutions for online and in-person payments.
The company also has the most complete payment methods coverage in Brazil and 16 other Latin American countries, besides Portugal, Spain, Turkey, Greece, and Romania, allowing merchants worldwide to process and collect more than 140 local payment methods and local currencies. It also provides instant single or mass cross-border payouts to Brazil.
As a provider of payment solutions for foreign merchants, PagSeguro is well established as the market leader in the online gaming segment, processing local payments for more than 6,000 games, including giants Valve, Garena, EA, Xsolla, Ubisoft, and Wargaming.