Nuvei : Over a quarter of Latin American cross-border eCommerce will come from Asia by 2026

MONTREAL, November 9, 2022 - Nuvei Company ("Nuvei" or the "Firm") (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech firm, publicizes at the moment the launch of its newest whitepaper: Insights and Alternatives for Regional Enlargement Success - Interconnecting Asia-Pacific and Latin America. This report examines eCommerce cost developments and progress levers between Asia-Pacific and Latin America markets, and particulars why Asian firms will signify 28% of Latin American eCommerce imports by 2026.

The report predicts that eCommerce in Brazil will develop at an annual charge of 20% between 2022 and 2026 to USD $328bn. In Mexico, eCommerce progress will enhance 32% per 12 months over the identical interval. A lot of this progress will likely be pushed by cross-border eCommerce with Asia, which at the moment solely represents 16% of all eCommerce imports.

Different subjects lined within the whitepaper embrace:

• Why Latin America is such a lovely marketplace for Asian firms
• How market synergies between Asia and Latin America have fueled commerce progress between the areas
• How companies from different areas can replicate this success
• The function of native cost strategies and buying companions in maximizing the chance for worldwide companies to develop in Latin America

Commenting on the report, Nuvei President Yuval Ziv mentioned: "Latin America is a really related marketplace for worldwide companies. Brazil and Mexico specifically are enticing for his or her measurement, dynamism and cultural patterns that are much like Asian markets."

"This research is the primary in a collection of reviews that Nuvei will produce, exploring progress potentials in varied areas. We consider that highlighting these fast-growing markets helps firms make higher selections when searching for growth alternatives," Ziv added.

Rafael Lavezzo, Industrial Vice President of Nuvei Latin America, mentioned: "Globally, companies are more and more seeking to broaden their operations and goal clients past their area of origin. Latin America is commonly on the high of the checklist for growth.

"Many companies based mostly in APAC are already doing this very efficiently. This report shares insights as to how these companies are approaching the Latin America market, the general measurement of the cross-border eCommerce alternative, and the strategy companies have to take when coping with funds within the area," Lavezzo added.

"Many companies based mostly in APAC are already doing this very efficiently. This report shares insights as to how these companies are approaching the Latin America market, the general measurement of the cross-border eCommerce alternative, and the strategy companies have to take to funds within the area."

Obtain your copy right here: https://pages.nuvei.com/why-latin-america-and-asia

Methodology

The symptoms come from the AMI Latin America eCommerce Library, an in depth eCommerce database developed yearly by AMI, protecting 17 markets within the area. AMI aggregates this information set from interviews with over 40 trade stakeholders throughout Latin America, accompanied by detailed analysis, evaluation, and unique interviews with key APAC e-commerce distributors and in regards to the APAC-Latin America digital hall.

About Nuvei

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech firm accelerating the enterprise of shoppers world wide. Nuvei's modular, versatile and scalable expertise permits main firms to just accept next-gen funds, supply all payout choices and profit from card issuing, banking, danger and fraud administration providers. Connecting companies to their clients in additional than 200 markets, with native buying in 45+ markets, 150 currencies and greater than 580 different cost strategies, Nuvei offers the expertise and insights for purchasers and companions to succeed domestically and globally with one integration.

For extra info, go to www.nuvei.com.

Contact:

Public Relations

[email protected]



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Seo Global