蘑菇AV

Brazil, India, and the Philippines have the highest rates of remittance users who have sent money via digital apps, per a March 2024 Visa and Morning Consult report. Each country has strong digital payments adoption thanks to homegrown instant payments systems. Uptake is also significant in the US, with more than two-thirds of remittance users sending money internationally via a digital app.

Its popularity is huge for ecommerce, specifically in Brazil, where the platform will launch TikTok Shop this year, noted our analyst Matteo Ceurvels. And TikTok鈥檚 Latin America growth mirrors global trends. The platform will grow by 11.6% worldwide this year, per our forecast. 5. TikTok takes No. 3 in Canada.

Several factors will fuel digital鈥檚 impressive gains every year through the remainder of our forecast period, including a thriving economy, more consumer time spent online, and increased ecommerce adoption.鈥嬧�� This deck will:鈥�. Explore the current state of the Mexican economy and consumer sentiment.鈥� Provide insights into where people are spending their time and money.鈥�

The survey was conducted in July 2024 across nearly 6,000 respondents from the US, Canada, India, Brazil, Mexico, the UK, France, Italy, Germany, Spain, Australia, and Japan. Coupons over email: Other studies largely support the GetApp findings.

鈥淯S President Donald Trump鈥檚 tariffs will reshape more than a trillion dollars in trade between the world鈥檚 largest economy and Latin America, with key partners like Mexico and Brazil at the center of the discussion,鈥� said our analyst Matteo Ceurvels. US-based brands selling in Latin America may see a significant competitive disadvantage compared to companies from countries.

When shoppers are ready to pay, the system will automatically display a roster of items for checkout. Sensei鈥檚 tech is GDPR-compliant, meaning it doesn鈥檛 collect or store any biometric information.

How will tariffs affect international ecommerce? Trump鈥檚 punishing tariffs on Chinese imports could significantly impact Chinese retailers like Temu and Shein, which rely on low-cost goods to compete in the US.

Retail ecommerce has entered a new era of slow and steady growth in most countries. This status quo replaces the previous era of spectacular growth and jarring declines.

On today鈥檚 episode, host Bill Fisher is joined by our analysts Paul Briggs, Matteo Ceurvels, and Carina Perkins to examine what impact global economic turbulence is having on retail and ecommerce in different markets.

NBC News now expands: The service is bringing 24/7 free streaming to Mexico, Brazil as digital news consumption soars across Latin America.

Fifty-eight percent of US households are 鈥渆xtremely concerned鈥� about inflation: While grocery price growth has normalized, the rapid increases over the past few years continue to influence shopping behaviors.

Read the full report, Worldwide Retail Ecommerce Forecast 2024 Midyear Update.

It will be another turbulent year for social media in Latin America. As the number of users nears 400 million, declines at Facebook and Twitter will have profound, long-lasting implications for the region鈥檚 two biggest markets: Brazil and Mexico.

Because if you're on a Costco property, you're most likely a Costco shopper, but not the category shopper. Depends on if they're onsite or offsite. But then there are the ones that they're trying to win back, which are the lapsed customers. Then there are the ones that they know have left, recently left, or are in the process of leaving and all the signs are pointing towards that.

Last year, it launched in New Zealand and Brazil. And Revolut applied this year for e-money and remittance licenses in the United Arab Emirates. To support this global expansion, the fintech aims to increase headcount by 40% this year, totaling about 11,500 employees. Why is Revolut targeting India? The fintech wants to capitalize on India鈥檚 quickly growing digital payments market.

WhatsApp has similar plans for Brazil, although greater regulatory complexities in the country could make expansion difficult. Despite setbacks with its plans for the metaverse, Meta is still committed to developing payments tech. It could also transform WhatsApp into a platform for payments and shopping, given the firm鈥檚 challenges with advertising and the need to generate more revenues.

The exceptions are countries with a strong local competitor, like Mercado Libre in Mexico and Brazil. Domestic retailers in smaller markets, like Canada, have been slow to develop ecommerce channels, resulting in Amazon's dominance. Canada鈥檚 lag was acute in the past decade, especially versus the US.

Temu and Shein won over cost-conscious shoppers in 2024: But regulatory concerns over tax loopholes, product safety, and labor practices could weigh on growth in 2025.

Shein stumbles under UK regulators鈥� scrutiny: The ecommerce platform failed to relieve concerns about forced labor in its supply chain as it prepares for a more challenging operating environment.