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E-commerce struggles in Mexico, where cash is king

Monday, January 4, 2016

While online shopping gains traction in Mexico thanks to wider Internet access and smartphone use, a dearth of credit cards and reluctance among large swaths of the population to pay for goods online are prompting Web retailers to look for creative solutions.

Online shopping represents just about 2 percent of the country’s roughly $203 billion in annual retail sales.

Source: Market Watch