As a result, Brazilian consumers can shop online with AliExpress. Previously, only those with access to international credits cards could buy in AliExpress.
According to Alphonse Voigt, EBANX Co-founder and CEO, the Brazilian e-commerce market has rapidly expanded with sales increasing by over 20 percent each year. This boom has been driven by increasing consumption levels, cultural buying shifts, internet penetration and digital media investment. It is predicted that by 2016 the market will be worth USD 40 billion.
AliExpress provides exclusive products to more than 7.7 million registered clients in over 200 countries. EBANX is an integrated international financial services company, offering a payment solution across the entire e-commerce transaction flow, providing cross-border payment platform to assist international merchants to grow their business in Brazil. Using EBANX, Brazilian consumers can purchase online across the world using their preferred local payment methods including Boleto Bancario, Domestic Bank Transfers (TEF) and credit cards.
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