In Ecuador, increasing access to the internet and smartphones has led to a boom in e-commerce, with over 2.9 million online shoppers. By 2020, Ecuador is expected to reach USD 1 billion in revenue in online sales. According to the Lima Chamber of Commerce, e-commerce sales in Peru reached USD2.8 billion in 2019. These are fast-growing markets, but both Ecuadorians and Peruvians feel safer with buying with local payment methods.
• Local currency: Nuevo Sol Peruano and US Dollar in Ecuador
• 35% Ecuadorians are regular online shoppers
• According to AMI, the e-commerce market in Peru will grow by 319% between 2018 and 2022, to reach US$14 billion.
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