Brazil's Embarrassing Foreign Trade Receivable Channel-From GlobeBill

Online, April 25, 2012 (Newswire.com) - According to the recent super date research report released, sales of virtual goods market in Latin America has reached 336 million USD in 2011, Brazil accounted for more than half of this market to 165.5 million USD, and the figure is expected to reach 320 million USD in 2014. The rapid development of the virtual goods market reflects the rapid development of online shopping in Brazil to a large extend.

A research report released by Tendencias Digitalesin in September last year shows that in Latin America, more than half of Internet users are engaged in online shopping. As the strongest economies in South America countries, Brazil has a huge population base and a lower proportion of Internet users. Thus Brazil and China has become the most dynamic online market in the world. According to the data from E-Marketer, Internet users in Brazil in 2012 will exceed 8640 million. The data from Spanish "El Pairs" also shows the Brazilian small and medium-sized asset class has accounted for 52% of National voters, and this figure will be constantly increased over time.

In Brazil, local online payment system like Boleto pay has become the most popular payment gateway, however this also makes the internationally popular payment collection like PayPal less popular for their different payment habit.It is difficult for foreign trade investors to enter into Brazil market through electronic commerce, even if it has a firm foundation, its own development has also been bound layers. To get rid of the obstacles, merchants are bound to use an international payment gateway which has close link with the Boleto become imperative programs. Unfortunately, there is no such channel in Brazil. To solve the payment inconvenience, GlobeBill(www.globebill.com) and Boleto has reached a strategic partnership program whose related services will soon be officially launched in mid-May when the current situation of Brazil's embarrassing foreign trade receivables can be settled down.