According to the Peruvian Chamber of Electronic Commerce (Cámara Peruana de Comercio Electrónico - Capece), the exponential increase represented sales of US$ 2,800 billion in 2016.

With 2.6 million people with internet access, e-commerce is still at an early age in a country with a steady growth in the last years. Some online stores showed an annual growth rate of 30% to 50%.

The second largest market for e-commerce in Latam, right after Brazil, can reach $11 billion in e-commerce sales in 2018 alone. According to the Business Insider, it is also expected to register a growth of 15.6% by 2019.

The most unique payment method in Brazil, boletos are responsible for a considerable amount of online transactions in the country. They can cover anything from small utility bills such as rent to higher value products like a holiday trip.

Cash Payments are the kings of alternative payments methods in Argentina, making it a must have if you wish to access this market.

A new government and a more open approach to international businesses has created the necessary conditions for optimism regarding the future of Argentina.

Want to reach the largest and most influential LATAM market via cross-border sales? Check our infographic about online shopping in Brazil.

Chilean online consumers are quite open to international e-commerce solutions and show a high demand for digital services.