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Weekly Roundups

Selling Overseas, the Next Step After Joining E-Commerce

By MBN Staff | Thu, 04/01/2021 - 05:00

The e-commerce boom not only meant that companies opened to a larger market but it also created an appetite to export. “It was a key year for SMEs seeking new opportunities to export,” Xavier Aguirre, Senior Business Development Manager at eBay Latin America, told Expansión. During 2020, around 23 percent of the platform's sellers in Mexico were looking to expand their business to other international markets in order to increase their sales.

Data from the Mexican Association of Online Sales (AMVO) shows that for 54 percent of SMEs the next step in their growth is to export. Moreover, many SMEs consider that their products are not being paid for properly in the country. The US, according to eBay, is Mexico’s e-commerce main export destination due to its proximity. Other relevant markets are Canada, the UK and Germany, to which products are exported mainly in the fashion, health and beauty categories.

More news below:

  • E-commerce brings the risk of online fraud. Reducing fraudulent transactions to a minimum is possible through the use of specialized software, said José Andrés Chávez, CEO of Bayonet, in an interview with MBN. “Improving payment acceptance rates optimizes profits and user experience, but in Latin America, you have to be careful about fraud (chargebacks) since fraudulent payment attempts have increased fourfold since the pandemic started,” he explained. Read the full article here.

  • It is essential to rethink and reinforce the security strategy for information management, which should always start from the PC, wrote Ricardo López Tello, Corporate Sales and Government Director of Intel Mexico, for MBN. “Today more than ever, cybersecurity is a critical factor, as the new normal requires managing an extensive flow of data and confidential information from home, something that probably in pre-pandemic times was almost unthinkable for many companies,” he points out.

  • Seventy-four percent of Mexicans are concerned about the security of their webcams, claiming that they are being watched without their knowledge, according to a survey conducted by cybersecurity company Kaspersky. “The new normal led to more users giving apps of all kinds permission to access cameras and microphones on their devices,” the study pointed out. Kaspersky said that nearly 18 percent of Mexicans always give permission to applications and services to access their microphone or webcam. 

  • Tesla will begin accepting bitcoin as payment for its electric cars. CEO Elon Musk tweeted on Wednesday: “you can now buy a Tesla with bitcoin” adding that the payment will also be available to customers outside the US. The California-based company unveiled its US$1.5 billion investment in bitcoin back in February and said it aimed to begin accepting the digital currency as a form of payment.

Photo by:   Pat Whelen, Unsplash
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