Our expanded retail and ecommerce forecast coverage now includes country-level breakouts for 66 nations around the world. North America, China, and Western Europe continue to drive global outcomes, but a total of 53 countries will have at least $1 billion in ecommerce sales.
Brazil and Mexico will drive Mercado Libre鈥檚 impressive growth. Combined, the countries will account for 82.1% of the company鈥檚 regional advertising business but 72.6% of its ecommerce channel, per our estimates.
The news: Paysafe received a payment license from the Central Bank of Brazil (BCB) for the country鈥檚 regulated online sports betting and gambling market, per a press release. The country鈥檚 regulated online gambling market opened on January 1. With the license, Paysafe will be able to partner with gambling operators and expand its presence across other industries in the country.