Millicom’s e-commerce business team is taking new products and services to millions of new customers and to different markets that fall outside our mobile telecommunications footprint. We are more convinced than ever about the potential for online services in Latin America to grow strongly and leapfrog traditional retail.

Roughly 44 per cent of Venezuela’s 30 million people have internet access. Over 20 per cent of the population has bought goods online. Average spending is considered high.

At the same time, e-commerce faces the challenge to establish trusted payment platforms, and there are limits to international transactions due to restrictions on US-dollar purchasing.

Mobile phones outnumber fixed lines in service by around 4.6 to one. Mobile penetration is among the highest in Latin America, trailing only Argentina, Uruguay, and a number of Caribbean islands.


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