Brazil is the regional leader in Latin American B2C E-Commerce market
Brazil is the largest B2C E-Commerce market in Latin America in terms of sales, and also the regional leader both in number of online shoppers and in online spending per shopper. Last year, Brazil accounted for nearly half of Latin America’s B2C E-Commerce sales. Its regional share, however, is predicted to decline as other markets achieve a higher growth potential off a lower base.
Credit Cards and Bank Transfer are the major online payment methods in Brazil
Regarding the online payments landscape, online shoppers in Brazil show strong preference for two major payment methods: credit card and Boleto Bancario, a local banking method.