GlobalCollect has had a presence in Brazil for several years, and by establishing the Sao Paulo office, the company responds to strong demand for regional expertise from both Brazilian companies looking to expand internationally, as well as global merchants entering the rapidly growing Brazilian market. The Sao Paulo office is the fifth new GlobalCollect office to open in the last 12 months, following Shanghai, Beijing, Tokyo and Brisbane, which all opened in the second half of 2013.

"eCommerce in Latin-America is booming, both in terms of consumer spending as well as in terms of regional companies rapidly expanding beyond their borders. Brazil is a key driver of that growth, said David Jimenez, Chief Revenue Officer at GlobalCollect. "For any online merchant to be successful in Brazil, they need to understand the unique dynamics of that market. That specific knowledge is what GlobalCollect brings to the table, and we achieve the results to prove it. In 2013, our Sub1 gateway outperformed an already rapidly growing Latin American eCommerce market, and that growth is set to continue for the foreseeable future. We're excited to now have our feet on the ground in Brazil, so we can provide even better service and deeper regional expertise to our customers."

Research by eMarketer shows total B2C eCommerce sales in Latin America grew by 28.0% in 2013. The company further forecasts strong growth in the number of digital buyers in the region, with the addressable markets in Brazil, Mexico and Argentina predicted to expand by 79%, 114% and 60% respectively by 2018. With offices in Argentina and Brazil, as well as a strong presence in Mexico, Colombia, Perú, Chile and other Latin American growth markets, GlobalCollect offers a unique solution to help international merchants tap into this exciting and rapidly growing region.

GlobalCollect's Argentina-based subsidiary Sub1 has its own software factory and is the region's leading payments gateway, providing access to more than 50 local payment methods and more than12 local acquirers across the region. In 2013, Sub1 outperformed the overall Latin American eCommerce market, growing revenues by 46%.

Data analysis by GlobalCollect, using the Elevate Business Intelligence solution the company recently made available to clients, shows Average Transaction Values across the region are trending lower year-on-year - a clear indication that the eCommerce market is maturing beyond travel, with its historically high Average Transaction Values, to industries such as retail, gaming, and digital goods, which tend to have lower Average Transaction Values. Further strategic insights on the eCommerce market in Latin America are available upon request from GlobalCollect.