
Most used in-store (POS) payment methods in Argentina 2017-2024, with 2030 forecast
Cash was used less often for in-store payments in Argentina, although its decline did slow down between 2022 and 2024. Opposed to this is the growth of both debit cards and wallets: Mobile wallets, for example, saw their overall market share in POS payments increase from four percent in 2017 to 25 percent by 2024. This change is attributed to the growing popularity of Mercado Pago during the COVID-19 pandemic in Argentina. The wallet from Latin America's biggest online marketplace, Mercado Libre, offers offline, contactless payment options in cooperation with MasterCard since 2019.