E-commerce spending through debit cards was expected to show the highest compound annual growth rate (CAGR) between 2020 and 2023, becoming the second most used payment method in Latin America by 2023. Credit card spending was forecast to grow by 16 percent, followed closely by bank transfers and wallets at 14 percent.
Compound annual growth rate (CAGR) of e-commerce spending in Latin America between 2020 and 2023, by payment method
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
AMI. (February 15, 2021). Compound annual growth rate (CAGR) of e-commerce spending in Latin America between 2020 and 2023, by payment method [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1231824/latin-america-ecommerce-spending-growth-payment-method/
AMI. "Compound annual growth rate (CAGR) of e-commerce spending in Latin America between 2020 and 2023, by payment method ." Chart. February 15, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1231824/latin-america-ecommerce-spending-growth-payment-method/
AMI. (2021). Compound annual growth rate (CAGR) of e-commerce spending in Latin America between 2020 and 2023, by payment method . Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1231824/latin-america-ecommerce-spending-growth-payment-method/
AMI. "Compound Annual Growth Rate (Cagr) of E-commerce Spending in Latin America between 2020 and 2023, by Payment Method ." Statista, Statista Inc., 15 Feb 2021, https://www.statista.com/statistics/1231824/latin-america-ecommerce-spending-growth-payment-method/
AMI, Compound annual growth rate (CAGR) of e-commerce spending in Latin America between 2020 and 2023, by payment method Statista, https://www.statista.com/statistics/1231824/latin-america-ecommerce-spending-growth-payment-method/ (last visited December 22, 2024)
Compound annual growth rate (CAGR) of e-commerce spending in Latin America between 2020 and 2023, by payment method [Graph], AMI, February 15, 2021. [Online]. Available: https://www.statista.com/statistics/1231824/latin-america-ecommerce-spending-growth-payment-method/
