The report delineates what pushes expansion once it has to do with the ecommerce space, together with the end purpose of providing a concise overview of the main regional developmentsIn the first part of the article, we examined what drives expansion once it concerns the ecommerce payments distance and we presented the size of this marketplace. The second part of the report continues the overview of the key regional improvements and specificities, focusing on Latin America, Europe, North America, Africa and the Middle East. Key developments in Latin America There are financial inclusion initiatives from Latin America too, and the central bank of Brazil has announced recently that at 2020 it will establish an instant payments platform named PIX. The platform will be available to the entire people, and it’s predicted to enable Brazilians to transport cash making it a lot easier to execute transactions via QR code technologies and through identification methods like telephone numbers, email, and federal ID numbers — hence, data will enable the obligations, that is credited immediately. Consequently, the adoption of account-to-account (A2A) payments will probably find an increase in Brazil. In Latin America, with a population of 356 million, an online population of thousand, and internet penetration reaching 61%, ecommerce keeps expanding. The economic environment in this region might still present some challenges, but the ecommerce payments marketplace has grown in recent years, the What Everybody Ought to Know About Digital Photo Retouching – Ecommerce Platforms total value of online trade in Argentina, Brazil, Chile, Colombia, Peru, and Uruguay being worth USD billion — according to PPRO’s’Payments and e-commerce report’ to Central & South America. The smartphone penetration reached 53 percent, the banked population 62%, although retail payments have grown in dominance to a 63% share, up from 59% in 2013, according to McKinsey & Company. The top smartphone penetration speed sets the scene for further technological advancement within this region, and we can definitely expect revolutionary modifications to occur. Some super programs candidates have already emerged. One of them will be Mercado Pago, the payment of this Argentina-based marketplace Mercado Libre. Initially, it enabled payments between the different users out of the marketplace, but it didn’t stop there, and now it provides a wide assortment of financial services. Another worthy offender would be Colombia-based startup Rappi, that started by offering food delivery solutions. After substantial investment rounds, Rappi has turned into a unicorn in record time, and has opened a financial professional unit in 2018, Rappi Pay. Today, it operates across the region, in countries such as Brazil, Argentina, Chile, Uruguay, Peru, Mexico, and Colombia. The status of the ecommerce payments market in Europe In Europe, electronic payments for ecommerce are utilized by millions of people across the continent. Ecommerce in the Eastern European markets is currently increasing at an average speed of 19%, using 3
