B2B payments in Latin America are projected to reach 25 billion USD in 2023, and forecasts say it will continue to grow up until 2031. This is according to a research calculation that starts off in 2022 and models the future growth of business-to-business transactions within the country. The LATAM B2B payments market value could reach 57 billion U.S. dollars by 2031, for an estimated nine percent CAGR (2023-2031). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Latin America was said to be around 12 billion U.S. dollars in 2022.
Total B2B payments market size in Latin America (LATAM) in 2023, with a forecast for 2031
(in billion U.S. dollars)
Characteristic
B2B payments value in billion U.S. dollars
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Straits Research. (May 26, 2023). Total B2B payments market size in Latin America (LATAM) in 2023, with a forecast for 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1448807/b2b-payments-value-in-latin-america/
Straits Research. "Total B2B payments market size in Latin America (LATAM) in 2023, with a forecast for 2031 (in billion U.S. dollars)." Chart. May 26, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1448807/b2b-payments-value-in-latin-america/
Straits Research. (2023). Total B2B payments market size in Latin America (LATAM) in 2023, with a forecast for 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1448807/b2b-payments-value-in-latin-america/
Straits Research. "Total B2b Payments Market Size in Latin America (Latam) in 2023, with a Forecast for 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 May 2023, https://www.statista.com/statistics/1448807/b2b-payments-value-in-latin-america/
Straits Research, Total B2B payments market size in Latin America (LATAM) in 2023, with a forecast for 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1448807/b2b-payments-value-in-latin-america/ (last visited August 24, 2024)
Total B2B payments market size in Latin America (LATAM) in 2023, with a forecast for 2031 (in billion U.S. dollars) [Graph], Straits Research, May 26, 2023. [Online]. Available: https://www.statista.com/statistics/1448807/b2b-payments-value-in-latin-america/
