Kueski Pay to Sponsor Sizzling Sale For Second Consecutive 12 months

Kueski will sponsor the Sizzling Sale, which is able to rejoice its tenth version, for the second consecutive 12 months. Kueski will enable each companies and shoppers to make the most of promotions and pay for merchandise in 15-day increments with out utilizing playing cards by way of its buy-now-pay-later program. 

The Sizzling Sale, which is able to happen from Could 29 to June 6, is the most important on-line gross sales occasion in Mexico. Taking part firms will provide unique reductions on their services and products. Kueski’s participation within the Sizzling Sale, as its official sponsor, goals to advertise new methods to drive the financial system by increasing entry to credit score amongst Mexicans. “The truth that Kueski Pay is the principle sponsor of this nice occasion is a milestone for e-commerce in Mexico, since it’s a good way to struggle the monetary hole that we’re experiencing within the nation – not just for customers but additionally for companies, because it helps construct a extra trendy and fairer Mexico,” Lisset Could Cervantes, Vice President of Gross sales, Kueski, tells Mexico Enterprise Information. 

The 2022 version of the Sizzling Sale generated gross sales of over MX$23 billion (US$1.2 billion) and introduced collectively over 670 firms. In the meantime, Kueski Pay has been utilized by almost 10,000 on-line and bodily shops in recent times. Furthermore, 65% of Kueski Pay customers report a choice for utilizing this selection regardless of having a bank card. Transactional gross sales on Kueski’s platform elevated by 417% throughout final 12 months’s Sizzling Sale in comparison with the earlier weeks, stories the corporate. Between April and June 2022, 106 new retailers turned affiliated with the platform, equal to a 64.2% improve, in keeping with Kueski’s official press launch. 

Moreover, over 63 million web customers in Mexico bought services and products by way of digital channels final 12 months. Among the many favourite classes for on-line procuring are: meals supply, which was chosen by 68% of these surveyed; style, chosen by 62%; magnificence and private care, chosen by 46%; electronics, chosen by 40%; and toys, chosen by 40%.

One of many most important suggestions for companies to make the most of this occasion, in keeping with Could Cervantes, is to “select strategic allies on your e-commerce. The expansion of on-line gross sales has grown unbridled and requires being attentive to every channel concerned. With a pleasant and succesful platform, the difficulty of logistics and inventories turn into essential and diversifying your fee strategies is crucial, particularly in a rustic like Mexico.” 

The Sizzling Sale goals to popularize digital commerce in Mexico, which is difficult since many of the inhabitants doesn’t use banking providers. Thus, together with extra fee choices for the unbanked inhabitants is crucial to extend the penetration of e-commerce, says Could Cervantes.