nocnoc Announces Strategic Partnership with Ant Group and Zyla

Montevideo, Uruguay, August 06, 2024 – nocnoc Announces Strategic Partnership with Ant Group and Zyla to Revolutionize Cross-Border E-commerce in Latin America

nocnoc, the largest cross-border online store in Latin America, is excited to unveil a landmark collaboration with Ant Group, the leading global financial services corporation and affiliate of Alibaba Group. This strategic alliance, which also includes Zyla, a key member of Ant Group, marks a pivotal moment for all entities, poised to reshape the landscape of cross-border e-commerce in Latin America.

Continue reading to discover how, with nocnoc’s extensive track record and recognized success in the Latin American market, combined with Ant Group’s outstanding cross-border payment solutions and Zyla’s specialized focus on helping U.S. businesses make and receive global payments like a local, you can grow your cross-border business empire. 

Why is Latin America an excellent opportunity for international sellers?

There are two main reasons why Latin American markets are extremely attractive for crossborder sellers:

• Hypergrowth: E-commerce in Latin America has undergone substantial expansion in recent years, notably accelerated by the pandemic, which introduced millions of new customers to online shopping. Presently, Latin America counts over 300 million digital buyers, and the market is projected to grow by more than 15% by 2027. By 2023, the market’s gross merchandise value (GMV) exceeded 500 billion USD.

• Growing demand: Another key reason for the attractiveness of cross-border selling in Latin America is the appetite of Latin Americans to purchase overseas due to limited domestic production and protectionist policies/governments where consumers seek products not available locally. With a population of 650 million and an 80% internet penetration rate, Latin America has a strong inclination towards online shopping.

Ant Group, Zyla, and nocnoc in partnership: The attractive solution to overcome barriers and succeed in the Latin American market

Expanding your business to Latin America opens new doors for growth, but there are a series of important factors and barriers to consider when deciding to enter the market. The successful execution or resolution of these factors will define whether this entry is successful or not.

• Each platform represents an additional effort: Each platform has its own policies, procedures, and unique requirements, demanding detailed understanding and constant adaptation. From payment methods and logistics to marketing strategies and customer service, each marketplace presents its own set of challenges and opportunities.

• Cultural diferences: It’s crucial to understand the diverse market dynamics and consumer preferences. Each country in LatAm has its unique trends and preferences. That is why studying consumer behavior is essential—look into buying habits, preferred payment methods, and popular shopping periods.

• Language: This is a big challenge for international sellers if they want to maintain a good reputation and be trusted by consumers. Localization is key to effectively engaging with local consumers. It’s important to translate product descriptions, titles, and other relevant content into Spanish or Portuguese, depending on the country. Accurate and culturally appropriate translations enhance customer trust and engagement. 

• The time difference: This poses a significant challenge as consumer inquiries may arise while you are offline. Providing timely and appropriate responses is crucial to ensure customer satisfaction. Ultimately, delivering exceptional customer service can distinguish you from competitors and foster long-term loyalty.

• Logistics: Navigating customs and duties can be complex, yet it is essential to handle them correctly. Each country has its own import regulations and tax requirements, making it imperative to understand these costs as they can significantly impact your pricing strategy. 

Go global and stay local with nocnoc, Ant Group, and Zyla partnership

By joining nocnoc, you’ll gain access to Latin America’s largest marketplace network; forget about deciding which platform to sell on; your products will be listed on over 15 marketplaces.

nocnoc offers an all-in-one solution so that you don’t have to worry about anything. We take care of everything for you — from international shipping to publishing your catalog, optimizing your listings, translations, customer support, regulations, taxes, and launching effective marketing campaigns that will boost your sales.

While nocnoc assists you with all these aspects, you can easily track your results, payments, inventory, and orders in a single, user-friendly seller center keeping you informed every step of the way. By partnering with us, you can go global while staying local!

nocnoc, Ant Group, and Zyla can take your e-commerce business to the next level

“Partnering with Ant Group and Zyla was driven by the immense potential of leveraging each other’s strengths to create a powerful synergy. Ant Group’s prominence within the Chinese e-commerce ecosystem, complemented by Zyla’s focus on helping U.S. businesses make and receive global payments, make them ideal partners for nocnoc as we aim to expand our reach and capabilities” said Tomas Regusci, General Manager of China at nocnoc. “With nocnoc’s platform and Ant Group’s and Zyla’s robust payment solutions and extensive user base, we are creating a seamless experience for our customers.”

This collaboration represents a significant milestone for the involved companies. By harnessing nocnoc’s extensive regional expertise and Ant Group’s cutting-edge financial technology, along with Zyla’s specialized services, global sellers can achieve a seamless and secure expansion into Latin America. International retailers can now effortlessly offer their products across 15 marketplaces in Latin America, reaching over 650 million customers with unparalleled ease.

“What excites me most about this partnership is the unparalleled opportunity to bridge the world’s most dynamic and rapidly growing e-commerce markets,” said Diego Szilagyi, Co-Founder and CCO of nocnoc. “More than just a strategic alliance, the synergy between nocnoc, Ant Group, and Zyla is poised to drive significant advancements in global e-commerce, propelling positive change throughout the Latin American market.”

So, if you are ready to unlock the potential of the Latin American market through nocnoc, while receiving your global payments like a local with Ant Group and Zyla, Sign Up Here and an expert from our team will contact you. What are you waiting for? Expanding to Latin America has never been easier!