Even as total worldwide retail sales declined by 3.0% in 2020, retail ecommerce growth boomed to 27.6%. Ecommerce growth will decelerate substantially in 2021 to 14.3% as brick-and-mortar sales recover.
Investors target startups that are disrupting fast-growing, multibillion-dollar markets, like the explosive growth of ecommerce transactions and trading. LATAM: Fintech funding in LATAM has now reached $4.25 billion in 2021 so far, up from $2.80 billion for all of 2020. Brazil took home 70% of the region’s funding in Q2.
This report provides a regional and country-by-country analysis for retail ecommerce and mcommerce sales in Latin America, with breakouts for Argentina, Brazil, Chile and Mexico. It also examines emerging trends and key drivers fueling regional market movements.