According to a newly released study, VISA says Mexicans spend more money online per transaction than any other country in Latin America.
The report titled Seizing the Cross-Border Opportunity, which was conducted by Euromonitor for VISA, found that last year, 61 percent of Mexicans spent an average of $101 online per transaction. These online shopping trends were followed by Brazil at 56 percent and Puerto Rico at 17 percent.
The study also found that 81 percent of people in Latin America made their online purchases in the US, which is 21 percent more than the global average.
The study also revealed that 91 percent of Latin American consumers made purchases outside their own country and that 69 percent of those purchases were made using a smartphone.
In Mexico, the e-commerce market has a value of $164 billion, an increase of more than 42 percent over 2014.
According to figures compiled by the Mexican Internet Association (AMIPCI), there are more than 9.6 million registered digital buyers in Mexico. These figures are expected to climb to 10.9 million as people continue to shop online. The most purchased items by Mexicans include computers and computer accessories, services, clothing, footwear and travel.