Due to this collaboration, Mexican consumers who want to buy from Light in The Box will be able to pay with local payment methods they are used to.
With a population of around 120 million people, Mexico is the second largest ecommerce market in Latin America. In 2016, it generated USD 7.2 billion in sales, as reported by Statista, and it is growing continuously. In 2017, three in every four Mexican internet users made at least one online purchase, according to a research conducted by the Mexican Internet Association cited in the press release. When it comes to purchases on international websites, the percentage is also high: 67% of online buyers bought from a foreign ecommerce store.
In 2017, 61% of Mexican online buyers paid for online purchases with debit cards (credit cards were used by 53% of them. A study conducted by the Mexican Internet Association in 2016 showed that 64% of domestic online retailers had offered installment payment options for shoppers in 2015.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.