Consumer-based credit card transactions were the main contributor to Latin America's payments revenue, with a value six times that of commercial credit cards. The source compares the region to the world overall: Commercial made up 52 percent of global payments revenue, compared to 48 percent for consumer payments in 2023. This distribution was reversed for Latin America, with consumer-driven payments making up 55 percent of overall revenue and 45 percent of commercial payments. The source calls Latin America predominantly card-driven, possibly due to the major role of credit cards in Latin American e-commerce.
Total payments revenue in Latin America (LATAM) from 2014 to 2023, by customer segment and product delivered
(in billion U.S. dollars)
Characteristic
Commercial: Cross-border payment services (B2B, B2C) and documentary trade finance
Commercial: Net interest income on current accounts and overdrafts
Commercial: Fee revenues on domestic payment transactions and account maintenance (excluding credit cards)
Commercial: Credit cards
Consumer: Remittance services and C2B cross-border payment services
Consumer: Net interest income on current accounts and overdrafts
Consumer: Fee revenues on domestic payment transactions and account maintenance (excluding credit cards)
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.
Statista, & McKinsey & Company. (October 18, 2024). Total payments revenue in Latin America (LATAM) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
Statista, und McKinsey & Company. "Total payments revenue in Latin America (LATAM) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars)." Chart. October 18, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
Statista, McKinsey & Company. (2024). Total payments revenue in Latin America (LATAM) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
Statista, and McKinsey & Company. "Total Payments Revenue in Latin America (Latam) from 2014 to 2023, by Customer Segment and Product Delivered (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Oct 2024, https://www.statista.com/statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
Statista & McKinsey & Company, Total payments revenue in Latin America (LATAM) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1418607/latin-america-payments-revenue-by-segment-and-type/ (last visited December 23, 2024)
Total payments revenue in Latin America (LATAM) from 2014 to 2023, by customer segment and product delivered (in billion U.S. dollars) [Graph], Statista, & McKinsey & Company, October 18, 2024. [Online]. Available: https://www.statista.com/statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
