Online selling platforms and marketplaces are playing a vital role in the rise of E-commerce industry in Brazil.
According to resources, the revenue through eCommerce market in Brazil reached more than $49 billion and growing with a rate of more than 20%.
The major reason behind the rise of eCommerce in Brazil is the internet penetration rate that is reached 77% which triggers the increase in mobile phone usage and social media platforms.
Americanas and Mercadolibre are the biggest eCommerce players in Brazil by the year 2022.