Article

Argentina’s eCommerce is thriving with opportunities

October 12, 2020

eCommerce is booming across Latin America, but nowhere is it seeing such a surge as in Argentina. With 44.8 million consumers, 93 percent of which have access to the Internet, this is one of the countries where mobile commerce (mCommerce) and eWallets are expected to expand the most worldwide over the next few years.

Argentina’s eCommerce is set to increase 104 percent over the next three years, according to the 2020 Global Payments Report by Worldpay from FIS®. The massive growth is driven by the expansion of mCommerce at a rate of 28 percent annually. The country currently ranks second as the market with the fastest mCommerce growth in the world, just behind Turkey.

Changes in shopping and payment habits

Physical distancing during the coronavirus pandemic brought thousands of new customers to online shops and should speed