Ecuador eCommerce Market
The only USD economy in Latin America
With a $1 billion eCommerce market and growing, Ecuador aims to maximize the advantage of a USD economy for eCommerce companies.
Market Overview Ecuador
With a population of over 17M, Ecuador generates a GDP of $108M
Ecuador's eCommerce market is expected to reach $1.6B by 2021.
Growing number of eShoppers as they gain trust with the digital environment.
Mobile eCommerce is growing mainly due to the high internet penetration of around 80%.
Ecuador's eCommerce payment mix
Improve your payment acceptance by offering local payment methods in Ecuador.
Gain insight into Ecuador's most relevant payment methods
Local payments, like PagoEfectivo, are essential to boost your sales in Ecuador.
Cash and eWallets are trusted payment methods accounting 26% of the eCommerce sales.
Credit & Debit Cards
Local credit and debit card dominate the payment landscape and account more than 60% of the total eCommerce sales.