Visa was processed the most in Mexico, whereas Mastercard recorded its highest transaction value in Brazil when looking exclusively inside Latin America. This is according to estimations calculated by Statista from numbers that first tried to establish the market size of domestic POS and online markets, and that were then used to calculate the market share of specific payment methods and brands. For this statistic, the focus is exclusively on the three major card brands - Visa, Mastercard, and American Express. Notable for Latin America is the relatively high use of Visa in Mexico, Argentina, and Peru - with processed volume reaching over 30 percent of all payments in those countries, be they cash or digital. Mastercard is used relatively often in Brazil and Colombia.
Total value of credit card and debit card payments in selected countries in Latin America involving the Visa, Mastercard, and American Express card schemes in 2022
Characteristic
Visa
Mastercard
American Express (Amex)
Other payment methods - incl. cash, domestic card schemes, digital wallets, BNPL, etc.
Total value of all payments processed in POS and e-commerce
Argentina, Brazil, Chile, Colombia, Mexico, Peru, LAC
Survey time period
March 2024
Special properties
Figures cover both POS (offline) and e-commerce (online) transactions
Supplementary notes
The numbers provided have been calculated by Statista using figures from Worldpay's Global Payments Report - editions 2023 and 2024. This source, in turn, largely relied on GlobalData.
The source did not provide figures for other countries in Latin America.
The source does not provide information on whether it considered local partnerships between Visa and/or Mastercard with local card schemes. Certain local brands, like Bancomat in Italy or CB in France, make use of international card rails or co-branding. It is unclear whether the figures take such local interdependencies into consideration.
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Statista. (June 17, 2024). Total value of credit card and debit card payments in selected countries in Latin America involving the Visa, Mastercard, and American Express card schemes in 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1473634/visa-mastercard-amex-value-in-latin-america-by-country/
Statista. "Total value of credit card and debit card payments in selected countries in Latin America involving the Visa, Mastercard, and American Express card schemes in 2022." Chart. June 17, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1473634/visa-mastercard-amex-value-in-latin-america-by-country/
Statista. (2024). Total value of credit card and debit card payments in selected countries in Latin America involving the Visa, Mastercard, and American Express card schemes in 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1473634/visa-mastercard-amex-value-in-latin-america-by-country/
Statista. "Total Value of Credit Card and Debit Card Payments in Selected Countries in Latin America Involving The Visa, Mastercard, and American Express Card Schemes in 2022." Statista, Statista Inc., 17 Jun 2024, https://www.statista.com/statistics/1473634/visa-mastercard-amex-value-in-latin-america-by-country/
Statista, Total value of credit card and debit card payments in selected countries in Latin America involving the Visa, Mastercard, and American Express card schemes in 2022 Statista, https://www.statista.com/statistics/1473634/visa-mastercard-amex-value-in-latin-america-by-country/ (last visited November 21, 2024)
Total value of credit card and debit card payments in selected countries in Latin America involving the Visa, Mastercard, and American Express card schemes in 2022 [Graph], Statista, June 17, 2024. [Online]. Available: https://www.statista.com/statistics/1473634/visa-mastercard-amex-value-in-latin-america-by-country/