40 million Brazilians are taking their shopping needs online. According to a new report published by Hamburg company yStats.com, Brazil Ecommerce has experienced immense growth through 2013.
The reason for the growth relies mainly on the expansion of internet connected computers in Brazil, with 50% of Brazilians expected to be connected by the end of the year.
With the increased internet availability in Brazil, the report shows that more shoppers from lower income economic groups are taking their shopping needs online. The report goes on to show that the primary products that were purchased online composed of computer components and personal electronics, in comparison to last year's home appliances and apparel. The most visited websites in Brazil this past year <span class="ver" title="The noun should probably be in the plural, e.g.: There are two parts to the question.">were price comparison websites, being visited more than the Ecommerce sites themselves. <span class="ver" title="One usually writes the in this context, e.g.: the USA, the UK. You might also consider using an adjective, e.g.: American, British.">USA and China based web stores were the primary marketplaces that Brazilians preferred for their online shopping.
Credit cards topped the payment methods used, and Boleto Bancario came in second. Local ecommerce platforms like MercadoLibre, B2W digital and Buscape fared well according to the report and were up against stiff competition from US based websites such as Walmart and eBay.
2013 also showed a big step towards mobile Payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term, and by the first half of the year tripled in size in comparison to 2012.
Brazil has become the biggest Ecommerce market in Latin America, and with the rise in numbers of Brazilians going online, either by computers or mobile devices, it is hard to not notice its potential.
Photo courtesy of Wikimedia
40 million Brazilians are taking their shopping needs online. According to a new report published by Hamburg company yStats.com, Brazil Ecommerce has experienced immense growth through 2013.
The reason for the growth relies mainly on the expansion of internet connected computers in Brazil, with 50% of Brazilians expected to be connected by the end of the year.
With the increased internet availability in Brazil, the report shows that more shoppers from lower income economic groups are taking their shopping needs online. The report goes on to show that the primary products that were purchased online composed of computer components and personal electronics, in comparison to last year's home appliances and apparel. The most visited websites in Brazil this past year <span class="ver" title="The noun should probably be in the plural, e.g.: There are two parts to the question.">were price comparison websites, being visited more than the Ecommerce sites themselves. <span class="ver" title="One usually writes the in this context, e.g.: the USA, the UK. You might also consider using an adjective, e.g.: American, British.">USA and China based web stores were the primary marketplaces that Brazilians preferred for their online shopping.
Credit cards topped the payment methods used, and Boleto Bancario came in second. Local ecommerce platforms like MercadoLibre, B2W digital and Buscape fared well according to the report and were up against stiff competition from US based websites such as Walmart and eBay.
2013 also showed a big step towards mobile Payments
Payments
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term, and by the first half of the year tripled in size in comparison to 2012.
Brazil has become the biggest Ecommerce market in Latin America, and with the rise in numbers of Brazilians going online, either by computers or mobile devices, it is hard to not notice its potential.
Photo courtesy of Wikimedia
