dLocal , a technology-first payments platform that enables global enterprise merchants to connect with billions of consumers in emerging markets, in partnership with Americas Market Intelligence (AMI), today released an exclusive industry report to address the lack of reliable e-commerce data in key and high-potential emerging markets.
The countries covered are Egypt, Morocco, Nigeria and South Africa in Africa; India in Asia; Argentina, Brazil, Chile, Colombia, Mexico, Paraguay, Peru and Uruguay in Latin America; and Turkey in the Middle East.
Report Highlights:
- In 2020, the 14 main emerging markets added 350,000 million dollars in processed payments
- The total of payments made from merchants to individuals in 2020 was equivalent to 812,000 million dollars
- Local payment methods account for 83% of total e-commerce spend in the top 14 markets
- Although the global economy contracted by 3.5% in 2020, e-commerce growth remained positive, averaging 27% year-on-year across the top 14 markets
- Cross-border retail spending is growing thanks to international markets seeking new locations to do business
- International leisure travel will start to pick up in 2022, possibly reaching pre-pandemic levels in 2024
“When a trader, entrepreneur, journalist or market analyst wants to find data on the state of e-commerce in developed countries, a quick Google search is enough. However, in the case of emerging markets, the scenario it’s very different. Information is often disorganized and unreliable and those countries are very diverse,” said Mathieu Limousi , Vice President of Marketing and Communications at dLocal . “For this reason, in this report, dLocal offers a clear, concise and uniform description of electronic commerce in these strategic regions”, adds Limousi .
Some of the key statistics include eCommerce market size, predictions, industry breakdown, and payment behavior. “To give an idea of the plurality of different local payment methods, our One dLocal – one API, one platform, one contract – enables merchants to accept 600 payment methods in 30 markets across Africa, Asia, Latin America and the Middle East. It is important to partner with companies and organizations with extensive local experience,” says Limousi .