The Financial Espresso "B2B e-commerce; Credit insurance demand; ANBIMA ..."

Research evidence excerpt

The Financial Espresso "B2B e-commerce; Credit insurance demand; ANBIMA ..."

Global Research

18 May 2026ab

The Financial Espresso Equities

Latin AmericaB2B e-commerce; Credit insurance demand;

ANBIMA Regulation Financial

Kaio Prato

Analyst

kaio.prato@ubs.com

B2B e-commerce reaches R$2.22 trillion in Brazil, study shows +55-11-3513 6573

According to the Industry Digitalization Commerce Index (IDCI) 2025, developed by Thiago Batista, CFA

Flexy’s Digital Industry Observatory, Brazil’s B2B digital market moves R$ 2.2 trillion Analyst

per year (see here). The study aims to measure digital transactions between thiago.batista@ubs.com

companies in the industrial sector, a market still far less tracked than B2C e- +55-11-3513 6518

commerce, which moves R$ 224 billion annually in Brazil. Growth in digital B2B is Camila Azevedo

being driven not only by market expansion but also by the gradual replacement of Associate Analyst

analog channels, as orders previously placed by phone, sales reps, fax, or manual camila.azevedo@ubs.com

email migrate to proprietary portals, order management apps, and B2B +55-11-2767 6881

marketplaces. Brazil is considered to be at an early stage of a transition already Bruno Kenji

well underway in more mature markets; in the US, B2B e-commerce has been Associate Analyst

growing at double digits for five years, which signals significant room for expansion, bruno.kenji@ubs.com

particularly through the migration from manual processes to integrated and +55-11-2767 6056

measurable digital platforms. Our take: In Sep-25, MELI introduced a new division Olavo Arthuzo

targeting corporate clients. As published in the launch, key advantages for clients Analyst

include access to financing through Mercado Pago. olavo.arthuzo@ubs.com

+55-11-2767 6306