Our latest insights

Countering Fraud in E-commerce in LATAM with Transact365

Share this post

Countering Fraud in E-commerce in LATAM with Transact365

E-commerce has revolutionised the way consumers are able to find and purchase goods and services online. In advanced economies, online transactions have become commonplace, with some businesses even phasing out cash payments completely. At the sametime, cash-dependent economies in emerging markets are starting to make the transition to online payment systems, embracing the benefits on offer from e-commerce.

This is particularly prevalent in Latin America (LATAM). There are approximately 300 million digital buyers, with this figure forecast to grow 25% by 2025. LATAM e-commerce volumes are also rising at over 30% per annum.

Offering tech-enabled platforms, global payment service providers allow merchants to access more consumers by providing local payment methods to emerging markets. While positive for the development of the region, rapid adoption of online payment systems has enabled the rapid rise of online retail sales but is also leading to a rise in fraudulent activities.

Read more: https://www.transact365.com/countering-fraud-in-ecommerce-in-latam

More To Explore

Login or Register

Don't have an account?

Are you part of the Payments Association community?

Not yet set up your login for the Payments Association Community Platform? Set it up now

Set up a free account for instant access to our content

You don’t need to be an Payments Association member to view the majority of our content. Simply enter your details below once to set up your login details and get access to our library of whitepapers, podcasts, consultation papers, webinars and more.

First Name*
Last Name*
Company Name*
Job Title*
Business Email Address*
Confirm Password*
The Payments Association exist to help drive the industry forward. As such the Payments Association may contact you about any future content or events that we think you may have a legitimate interest in. We will store your information securely and will never share your details with third parties other than the relevant resource(s) sponsor(s)/curator(s). You may opt out at any time. By clicking register you are agreeing to the terms of our Privacy Policy.

← back