Mexico is the 19th largest e-commerce market in the world and growing fast. With a revenue of US$9 billion in 2019, the country was Latin America’s fastest-growing retail ecommerce market, at 35.9%. Around 70% of the 53 million online shoppers in Mexico are purchasing from international e-commerce businesses today. Mexican shoppers expect to be able to pay via a secure payment processor using their local methods.: 60% of online consumers prefer to pay with Debit Cards, while 35% of online shoppers pay with cash-based methods, such as OXXO.
• Local currency: Mexican Peso
• Fraud is still a problem in Mexico. A secure payment processor is a must for e-commerce businesses in Mexico
• 49% of e-commerce purchases are made with mobile devices
Offer your customers Oxxo payments (18% of market share)
Process local debit cards (60% of online consumers prefer to pay with Debit Cards)
Provide instalment plans from any Mexican bank
You get all these benefits under the same single contract
Quickly start selling in Mexico by connecting to us through one of our PSP partners.