Top POS and e-commerce payment methods for small-ticket items in LATAM 2022
Latin American consumers preferred cash for small-ticket in-person purchases, but typically used credit cards in online shopping. This is according to a consumer survey held in August and September 2022, that asked consumers in 13 countries worldwide about their payment preferences. The source does not clarify how many and which of these countries come from Latin America. There is also no indication of how big a small-ticket purchase exactly is. Nevertheless, the source adds that the preference of cash and debit cards in Latin America for low-cost shopping is in line with the rest of the world. Credit cards and direct debit being popular methods for online small-ticket shopping is similar to North America, but unlike preferences in Europe and Asia-Pacific.