PUBLISHER: yStats.com | PRODUCT CODE: 1071235
PUBLISHER: yStats.com | PRODUCT CODE: 1071235
"Payment practices in online shopping in Brazil are changing", says yStats.com report.
The outbreak of the COVID-19 pandemic led to widespread adoption of online shopping habits. By the end of 2020, almost half of Brazil's population had shopped online. Cross-border E-Commerce has also become more significant, accounting for a considerable portion of the country's total B2C E-Commerce sales value and is forecast to reach a share of about one third of B2C E-Commerce sales in the near future, as cited in the yStats.com report.
Many leading shopping websites maintained their positions in the market even after the pandemic lockdown ended and people were no longer confined in their homes. Currently, the top B2C E-Commerce websites in Brazil include mercadolivre.com.br, Americanas.com.br, Amazon.com.br, Olx.com.br, and Magazineluiza.com.br, as spelled out in the yStats.com report. In a survey cited in this yStats.com report, the top product categories searched for on the internet were electronics, food, fashion, and entertainment.
The use of credit cards has proven to be the most prominent in Brazil amongst other payment methods and it is expected that credit cards will continue to be the most preferred payment method into the year 2023. The rise in acceptance of contactless payments followed the COVID-19 crisis. Such payments have become the new norm; however, there is hesitancy regarding the adoption of digital payments such as mobile payments. Post COVID-19 consumers have also become accustomed to delivery services, with those in Brazil having comfort and speed as their main reasons behind their use of certain delivery apps.
Latin America.
Aliexpress, Amazon, Americanas, Google, Magazineluiza, Mastercrad, Mercadolibre, Mimo, Olx, Pagbrasil, Pix.