Explore the global markets where Digital River can accelerate your global expansion and revenue.
Accelerate your revenue with a new audience of customers throughout Latvia - without friction or complexity.
It’s one of three core countries that make up the Baltic sea region of Central Europe. A small country, Latvia has passed through the post-Soviet transition to establish democracy and rule of law, including membership in the EU.
Ecommerce is projected to top $3 billion by the end of 2020; over half of Latvians will have made an ecommerce purchase by the end of the year. Ecommerce revenue is expected to show an annual growth rate of 5.1%, resulting in a projected market volume of $421 million by 2025. The market’s largest segment is fashion with a projected market volume of $137 million in 2021.
The average revenue per user is expected to be $328.62.
Strong credit and debit card use; bank transfer and cash widely used. Most digital wallet or payment gateway is available to international brands that want to do business in Latvia.
Cross-Border Fulfillment: Landed Cost is Available.
In-Country Fulfillment: Not available