Having already seen significant growth in the region, PayU GPO predicts further growth across LatAm – and suggests its e-commerce market could grow by 25 per cent in volume across the likes of Argentina, Brazil, Chile, Colombia, Mexico, and Peru by 2027. cementing Latin America’s status as one of the world’s highest-growth e-commerce markets.
The report also suggests that Brazil and Mexico are poised to dominate the Latin American e-commerce market with projected Compound Annual Growth Rates of 77.2 per cent and 68.2 per cent respectively by 2027 despite inflation.
