Wallets and other alternative payment methods were used the most in e-commerce in Colombia and Brazil, while payment cards were most often used in Ecuador. This is according to a distribution of e-commerce spending in 15 different countries in Latin America, separated by cards as opposed to other non-card digital payment methods. The 50 percent market share for alternative payments in Brazil is due to the sizable growth of Pix. Latin Americans across multiple countries use (credit) cards more often for online shopping than for offline purchases in brick-and-mortar stores.
Distribution of payment cards - credit cards or debit cards - and other alternative digital payment methods in e-commerce in Latin America in 2023, by country
Characteristic
Credit cards and/or debit cards
Other (alternative) digital payment methods
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Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Panama, Paraguay, Peru, Uruguay
Survey time period
2023
Special properties
the source listed the following "alternative" digital payment methods: Cash vouchers, digital wallets, Pix, bank transfers, buy now, pay later (BNPL), and "other methods"
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Payments and Commerce Market Intelligence (PCMI). (August 31, 2023). Distribution of payment cards - credit cards or debit cards - and other alternative digital payment methods in e-commerce in Latin America in 2023, by country [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1416103/distribution-of-cards-versus-other-digital-payments-in-latin-america-by-country/
Payments and Commerce Market Intelligence (PCMI). "Distribution of payment cards - credit cards or debit cards - and other alternative digital payment methods in e-commerce in Latin America in 2023, by country." Chart. August 31, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1416103/distribution-of-cards-versus-other-digital-payments-in-latin-america-by-country/
Payments and Commerce Market Intelligence (PCMI). (2023). Distribution of payment cards - credit cards or debit cards - and other alternative digital payment methods in e-commerce in Latin America in 2023, by country. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1416103/distribution-of-cards-versus-other-digital-payments-in-latin-america-by-country/
Payments and Commerce Market Intelligence (PCMI). "Distribution of Payment Cards - Credit Cards or Debit Cards - and Other Alternative Digital Payment Methods in E-commerce in Latin America in 2023, by Country." Statista, Statista Inc., 31 Aug 2023, https://www.statista.com/statistics/1416103/distribution-of-cards-versus-other-digital-payments-in-latin-america-by-country/
Payments and Commerce Market Intelligence (PCMI), Distribution of payment cards - credit cards or debit cards - and other alternative digital payment methods in e-commerce in Latin America in 2023, by country Statista, https://www.statista.com/statistics/1416103/distribution-of-cards-versus-other-digital-payments-in-latin-america-by-country/ (last visited July 22, 2024)
Distribution of payment cards - credit cards or debit cards - and other alternative digital payment methods in e-commerce in Latin America in 2023, by country [Graph], Payments and Commerce Market Intelligence (PCMI), August 31, 2023. [Online]. Available: https://www.statista.com/statistics/1416103/distribution-of-cards-versus-other-digital-payments-in-latin-america-by-country/
