Why Sell into Mexico?
Mexico is a country of contrasts: a growing and thriving middle class, but continued violence and lawlessness that stems from the cartels and cross-border drug trade. In terms of Latin America, Mexicans have been early adopters of the internet and ecommerce.
Ecommerce market is projected to reach $18.8 billion by the end of 2020, the 17th largest global ecommerce market. Top performers in Mexico include the large global ecommerce marketplaces and several local and regional ones. Strong opportunity for brands to sell direct as well through marketplaces and large e-retailers. Ecommerce revenue is expected to grow 5.5%, resulting in a projected market volume of $24.6 million by 2025. The market’s largest segment is electronics and media with a projected market volume of $5.9 million in 2020.
Localized Shopping Experiences in Mexico
Available Product Categories
Digital
Physical
Logistics Support for Mexico
Our global logistics solution works in concert with your existing supply chain. No need to secure new carriers and warehouses. Gain faster, more economical shipping options to reach new customers around the globe.
Cross-border shipping
Landed cost guarantee
Popular payment types in
Mexico
Payment preferences are generally reflective of a distrust in national institutions as one sees a strong statistical preference for the Mexican version of the Brazilian Boleto system. Local cards are preferred, with 35% of Mexicans choosing them over other options. Preferred payment service providers include Allpago, BanWire, Mercado Pago, and Conekta. Debit card penetration is still incredibly high, with cash on delivery and digital wallets tied as the second-most used payment method.
In Latin America, even though cash-based payments are hard to beat in ecommerce (with notoriously convenient kiosk cash payments methods such as Boleto Bancário, or OXXO setting the tone these days), central banks actively collaborate with the fintech environment and the government to create a climate of financial inclusion and offer unbanked citizens easy means of paying and purchasing online in faster and safer conditions.
Available payment types for Mexico
Payment methods for Mexico