E-Commerce Expands in Latin and Central America

With expertise in private equity and group venture capital investments, Hilt Tatum IV has capitalized on business opportunities around the world as the president and CEO of iPoint Capital Partners, based in Panama. Hilt Tatum IV’s business ventures have led him to become a director and shareholder of Arcadier, a firm that delivers technology platforms for partners seeking to launch online marketplaces.

According to an article on Enterprise Innovation, Arcardier was recently contracted by Panama-based Canalzon to develop an e-trading platform that could be Central America’s most substantial online marketplace. Canalzon expects to carry more than 50,000 products from at least 100 branded merchants within a few months and expand to new markets with more than 1 million products by 2016.

For Arcardier, which is known for its rapid development and cost efficiency, Central and Latin America represent a sizeable market with untapped potential. Hilt Tatum IV noted that the Latin American market is forecasted to expand from 330 million Internet users to approximately 380 million users within three years. In the article, Tatum also stated that the growth of e-commerce in Central and Latin America has been facilitated by improved technology infrastructure and modified legislation that encourages Internet entrepreneurship.