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Friday, December 30, 2011 2:26:23 AM
It believes the large South American e-commerce market is ripe for the TrustCash Payment Technology suite of services, particularly the mobile solutions currently under development.
Using Brazil as an example, e-commerce growth presents a great opportunity for TrustCash in South American countries
64.6 million people will use the internet in Brazil by 2013, according to eMarketer. This would be up from 44.2 million in 2009. E-commerce in Brazil, like many other internet activities in that country, is maturing quickly. Between the first half of 2005 and 2008, e-commerce revenues have nearly quadrupled to reach BRL3.8 billion ($2.2 billion), according to the e-bit's "Web Shoppers" study.
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