PayPal Mexico is the 2nd leading market in mobile commerce
Source:AMVO
From:Taiwan Trade Center Mexico
Update Time:2020/01/14
57% of Mexican consumers surveyed prefer to make their purchases through mobile devices, these transactions represent 41% of total online sales volume. The number in the app payments category is slightly higher in Mexico than in other key markets, where 54% of respondents said PayPal is more secure than other forms of payment.
Mexico is one of the top markets for mobile purchases (only below India) showing that 57% of consumers prefer to buy through portable devices, compared to the global average figure of 43%, and 51% use PayPal as a payment method for online purchases. Faced with this, 60% of merchants say they are already optimized to receive payments online, very close to the average figure of 63% of other markets, and 2 out of 5 merchants say that purchases through mobile are a priority, according to the study "Panorama del E-Commerce en México" commissioned to Ipsos by PayPal.
The study, applied in 11 world markets, had the participation of approximately 22,000 consumers and 4,603 directors or business owners to know the panorama of mobile commerce. Below are the most important findings of the study for Mexico:
While 78% of all respondents use mobile devices to make purchases, only 63% of businesses are optimized to be displayed on smartphones or tablets. In Mexico, for example, 42% of businesses consider optimizing their sites for mobile is a priority within 12 months.
75% of Mexican consumers look for products or services on the web daily compared to the world average of 56%. Millennials have the same habit (79%), which coincides with certain behaviors that indicate that this population frequently carries its cell phone most of the time since they see it as an important connection with the world. As for their shopping habits, 18% say they shop from their smartphones when they are physically in stores, 17% when they go out with friends and only 9% make mobile purchases spontaneously.
Debit cards are the most widely used payment method (62%) for mobile purchases, followed by PayPal (51%) and credit cards (41%). Among the main online payment methods accepted by the surveyed merchants are debit, credit, PayPal and bank transfer (SPEI) cards.
Source:https://www.amvo.org.mx/