Late last year UK-based Revolut made moves into Mexico and Latin America by naming a new CEO to head the entry into the market and by launching remittance services between the US and Mexico.
Article
| Aug 24, 2022
Brazil and Mexico (as well as Chile) will experience stagnant GDP growth of 2% or less this year, according to IMF projections. It downgraded its 2022 GDP growth outlook for Latin America from 3% in October 2021 to 2.5% as of April 2022. Rising gas prices will pinch consumers’ already constrained budgets.
Article
| Aug 9, 2022
In 2021, Spain will have the highest podcast penetration rate (30.0% of internet users) among countries with limited English proficiency, and Mexico will post a higher rate (25.8% of internet users) than much of Europe.
Article
| Oct 25, 2021
However, other shopping events—like Hot Sale in Argentina and Mexico, or Father’s Day in Brazil—have grown in popularity, giving retailers a sales boost in Q2 and Q3. Key Highlights. Consumers’ new spending habits have diminished Q4’s importance as a revenue driver.
Article
| Jun 29, 2022
Among the top 10 countries in social network use, five—Mexico, Peru, Colombia, Brazil, and Argentina—are in the region. In markets like Brazil and Colombia, social platforms account for the lion’s share of the digital ad mix.
Article
| Apr 10, 2023
This was especially true in Mexico, where more than 80% of all ad buys on Amazon’s official country site were for its sponsored ad format, according to client activity tracked by DataHawk in Q4 2021. Sponsored video and other ad buys paled in comparison.
Article
| Apr 18, 2022
The news: Mexico-based one-click checkout startup Deuna raised $30 million in Series A funding, according to TechCrunch. Duena plans to put funding toward expanding its presence in Latin America, product development, and increasing employee headcount. Here’s how it works: Deuna gives merchants a payments infrastructure that supports major payment providers and alternative payment methods.
Article
| Jul 11, 2022
But there is a percentage of lawmakers who have been working in the last 10 years to make regulations more friendly to entrepreneurs in general, like the fintech law in Mexico and upcoming open banking standards in Brazil. Small-business demand. The unofficial small-business economy in the region is huge: probably 80% of the economy of Mexico is cash, for example.
Article
| Nov 16, 2021
The relatively new shopping channel’s popularity has surged in countries like Colombia and Mexico, per Wunderman Thompson, as consumers seek out more interactive and personalized digital experiences from brands. Why it matters: Live shopping will be key to reaching new audiences, engaging shoppers, and driving online sales.
Article
| Feb 28, 2023
Only four other retailers posted double-digit YoY gains in 9M: Carrefour Brasil (98.3%), Walmart de México y Centroamérica (20.5%), Grupo Éxito Colombia (19.5%), and Liverpool (14.3%). Carrefour was the only company to nearly double the size of its ecommerce business in Brazil, rising from $408.3 million (BRL 2.20 billion) in 9M 2021 to $809.8 million (BRL 4.37 billion) in 9M 2022.
Article
| Nov 23, 2022
He mentioned the relative scarcity of neobanks in Latin America: “If you look at the market,” he told Insider Intelligence, “you have in Brazil about 40 traditional banks; in Mexico you have 30. While if you look at neobanks, you only have two or three.”.
Article
| Jan 25, 2022
The Warren Buffett-backed firm added 5.1 million customers in Q3, up 46% year over year (YoY) to reach 70.4 million customers across Brazil, Mexico, and Colombia. It claims this makes it the sixth-largest financial institution in Latin America by active customers.
Article
| Nov 17, 2022
An example of the latter is a tour of Royal Botanic Gardens, Kew, where participants can learn about natural ingredients and earn a real-life tree planting in Veracruz, Mexico. Exhibitors at the show also released a variety of virtual reality (VR) and augmented reality (AR) headsets.
Article
| Jan 13, 2022
We actually covered Uber’s advertising expansion in Mexico before official word broke about its global retail media plans. Uber's primary pitch to advertisers is ultimately based on the utilization of first-party data and insights across its ride-hailing and delivery applications, providing access to the company's audience of 122 million monthly active users with closed-loop attribution.
Article
| Dec 8, 2022
Google Cloud expanded into Mexico in July to better support future Latin American growth. In August, its cloud operations opened facilities in Thailand, Malaysia, and New Zealand. Alphabet announced last month that Google will be building Greece’s first cloud region, per Reuters.
Article
| Oct 6, 2022
Argentina will outpace both Brazil and Mexico in a key metric—digital buyer penetration. That means larger percentages of internet users and the total population will make an online purchase in Argentina this year than in either of those countries. Product categories driving ecommerce sales growth.
Article
| Aug 29, 2022
Chart
| Sep 13, 2023
Source: Morning Consult; Canva
Chart
| Sep 13, 2023
Source: Morning Consult; Canva
Chart
| Sep 13, 2023
Source: Morning Consult; Canva
Chart
| Sep 13, 2023
Source: Morning Consult; Canva
In April, Nubank received a $650 million credit line to fund growth in Mexico and Colombia. New products can spread risk and bring in new revenue streams. The bank has already expanded into offering investments, insurance, and cryptocurrency trading, and can introduce its wider product suite to new markets as it grows.
Article
| Jun 23, 2022
Mexico topped the list for most time spent with Netflix at an average of 458.2 minutes per month, followed by Germany at 426 minutes per month, according to January 2023 Comscore data. This aligns with Western Europe and Latin America being the second- and third-most-penetrated regions for Netflix among digital video viewers, respectively, per our forecast.
Article
| Apr 27, 2023
Volume will grow at a similar pace as retail into 2023, driven by outflows from the US and inflows to India and Mexico, per our forecasts. Key Trends We’re Watching. Remittance Giants Will Ramp Up Digital to Fend Off Upstarts and Disintermediation. Close to 4 in 10 US adults who send money abroad plan to increase their use of digital transfers, per a December 2021 Visa survey.
Report
| Feb 8, 2022
Among the respondents most willing to consider buying, selling, or using NFTs were those in Indonesia (65%), Mexico (53%), India (52%), and China (45%). Consumers in the US and Great Britain were among the least interested, at 12% and 9%, respectively.
Article
| Apr 7, 2022
Some are doing so already: Walmart has revived the remittance product it retired in 2018 so that customers can send money from US stores to locations in Mexico. In-person offerings like Walmart’s could increase consumer demand for branches, forcing incumbents to cease branch closures or ramp up their branch presence in high-growth areas. AI becomes more powerful.
Report
| Apr 14, 2022