Spread of COVID-19 Brings Upswing in Online Retail in Latin America Says yStats.com Report A new report from Hamburg-based business intelligence company yStats.com, “Latin America B2C E-Commerce and Payment Market 2020 & COVID-19’s Impact” provides details on the growth of online retail in the region. Among the findings in the report is effect of the 2020 coronavirus pandemic on the digital shopping of seven leading economies of the region, plus overviews of B2C E-Commerce markets in an additional ten countries. Full report here: https://bit.ly/31h8Vmm

1. PRESS RELEASE
Hamburg, August 5th, 2020
Spread of COVID-19 Brings Upswing in Online Retail in Latin America Says
yStats.com Report
A new report from Hamburg-based business intelligence company yStats.com, “Latin America B2C E-Commerce and Payment
Market 2020 & COVID-19’s Impact” provides details on the growth of online retail in the region. Among the findings in the report is
effect of the 2020 coronavirus pandemic on the digital shopping of seven leading economies of the region, plus overviews of B2C E-
Commerce markets in an additional ten countries.
B2C E-Commerce surges in Latin America during the pandemic
E-Commerce’s low share of total retail sales in the Latin American region reflects a slower take-off for online shopping compared to
Europe or North America. The largest economies of the region, Brazil, Mexico, and Argentina have experienced double digit sales growth of
online retail in recent years, yet its share of all retail remains a low single digit percentage, as reported in the yStats.com report. The spread of
COVID in the second quarter of 2020 has produced a surge in online shopping, pushing new customers to the practice and driving returning
consumers to order more, causing analysts to raise their forecasts of future digital sales growth.
Argentina-based Mercado Libre leads online sales in the region
Another interesting fact highlighted in the yStats.com report is that the Latin American region has a home-grown online merchant that
is the top seller in several nations, including Argentina, Brazil, Chile, Ecuador, and Mexico. Mercado Libre also has a payment processing
subsidiary, Mercado Pago, which is used widely in the region even on other online platforms. The sales figures of Mercado Libre provide insight
to the effects of the health pandemic: sales increased by substantial percentage, more than doubling in one nation. Mercadolibre.com’s most
requested products at the beginning of the coronavirus crisis were face masks and hand sanitizer.
For further information, see: https://www.ystats.com/market-reports/latin-america-b2c-e-commerce-and-payment-market-2020-covid-19s-impact/
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to
providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our
areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover
a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide
selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide,
including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an
expertise in the areas of B2C E-Commerce and Online Payment.