Online sales in Venezuela are projected to exceed 15 % by the end of 2025, according to Richard Ujueta, president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e).

Ujueta estimates that the top-selling products will be “home goods, technology, and telemedicine, which are the best-selling items through digital channels.”

It’s important to remember that in addition to the discounts offered for several days during Black Friday, stores take advantage of the holiday season to attract customers.

Families are looking to take full advantage of the Christmas sales to buy appliances, clothing, shoes, cell phones, and other products.

M.Pino

Source: elsoldemargarita

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La entrada Online sales to increase over 15 % by the end of the year in Venezuela apareció primero en Bitfinance.

The president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e), Richard Ujueta, noted that the use of cryptocurrencies to send remittances to the country has increased by 40 %.

Ujueta indicated that the “use of stable cryptocurrencies” responds to “the search for faster, cheaper, and more secure solutions compared to traditional methods.” In an interview with Fedecámaras Radio, he added that “remittances with stablecoin cryptoassets—such as USDT (Tether), USDC (Circle/Coinbase), and BUSD (Binance)—have shown sustained growth, aligned with the global trend.”

The trend is part of a structural shift in the remittance market, as traditional players like Western Union are committed to developing stablecoin-based platforms to compete in an increasingly digitalized market.

Regarding Venezuela and cryptocurrency adoption, the country “maintains one of the highest Bitcoin reserves in Latin America, although far below El Salvador, which holds 6,232 BTC (about $679 million),” according to data from Bitcoin Treasuries. In fact, the South American nation’s reserves are around 240 BTC, equivalent to $26 million.

Thus, Venezuela is positioned as one of the Latin American markets with the highest penetration of financial technologies, which is a driving force behind access to remittances.

M.Pino

Source: finanzasdigital

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La entrada Cavecom-e: cryptocurrency use for remittances in Venezuela grows 40 % apareció primero en Bitfinance.

The president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e), Richard Ujueta, has indicated that in Venezuela, half of the companies are selling online to increase sales.

According to a report from the Chamber, “for the first four months of 2025, 41 % of national companies will sell their products and services online.”

Ujueta affirms that merchants have opted for this online sales method “as a strategy to increase their sales and gain access to other markets.”

Projections for the end of 2025 point to an increase in the percentage of companies using the Internet as a marketing platform.

M.Pino

Source: bancaynegocios

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La entrada Cavecom-e says national companies are selling online to increase sales apareció primero en Bitfinance.

The president of the Venezuelan Chamber of Electronic Commerce (Cavecom-e), Richard Ujueta, indicated that the sector could experience exponential growth this year “due to the incorporation of other sectors and the authorization of digital invoicing.”

According to Ujueta, the sector has benefited from the approval of digital invoicing, which will allow for a “quantum leap.”

The incorporation of the education, healthcare, and tourism sectors will contribute to this growth. For Ujueta, “with the implementation of dual cards and the reactivation of credit cards, progress will be made in optimizing digital payment methods.”

M.Pino

Source: descifrado

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La entrada Cavecom-e forecasts electronic commerce growth in Venezuela apareció primero en Bitfinance.

The Venezuelan Chamber of Electronic Commerce asked service providers and merchants in the segment, as well as consumers, to respect the official dollar exchange rate established by the Central Bank of Venezuela.

According to the organization, its members comply with the exchange rate established daily by the regulatory body in the country.

This was confirmed by Richard Ujueta, president of Cavecom-e, who indicated: “It is a call that the chamber makes to merchants, suppliers, consumers to move on the official dollar.”

The official stressed that not complying with the BCV exchange rate “harms and distorts the economy,” because the difference in the exchange rate of the US dollar affects formal merchants and consumers, except for merchants in the informal sector, whom he urged to formalize their activity.

M.Pino

Source: unionradio

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La entrada Cavecom asks merchants to respect the exchange rate of the Central Bank of Venezuela apareció primero en Bitfinance.

The president of the Venezuelan Chamber of Electronic Commerce, Venezuela (Cavecom-e), at the end of 2023 the sector experienced a growth of 150 %.

During an interview for Unión Radio, the specialist indicated that double-digit growth is expected for the next two years.

According to Ujueta, the growth of electronic commerce in the country is a daily process, “the incorporation is massive.” This was indicated during the presentation on February 7 of the Electronic Commerce Law before the National Assembly.

At the event, he called for “all sectors involved in electronic commerce to be incorporated to reach a consensus, have a law accepted by all and that generates benefits for the State, consumer and merchant.”

M.Pino

Source: finanzasdigital

(Reference image source: Unsplash+, in collaboration with Getty Images)

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La entrada Electronic commerce experienced growth in Venezuela during 2023 apareció primero en Bitfinance.