Payments in Latin America

Statistics report with a country-by-country comparison on cash, credit cards and other payment methods in Latin America

Payments in Latin America

A region that tries to promote financial inclusion but tied financially to the U.S., Latin America strives for independent digital payments. Which trends and brands should you know about?

This statistics report aims to provide a country-by-country comparison, specifically looking at the use of cash, cards, and alternative payment methods, such as BNPL, mobile wallets or A2A. It also provides figures for cross-border payments, remittances, and an outlook on whether digital payments will become more important in the future.

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Table of contents

Cash(less)

5
  • Premium Statistic Share of cash in in-store payments in 6 countries in Latin America 2017-2023
  • Premium Statistic Top POS and e-commerce payment methods for small-ticket items in LATAM 2022
  • Premium Statistic Top POS and e-commerce payment methods for big-ticket items in LATAM 2022
  • Premium Statistic E-commerce payment method breakdown in Latin America 2023, by country
  • Premium Statistic Daily FX rate of five currencies in Latin America against the USD in 2024

(Credit) cards

5
  • Premium Statistic Credit card ownership and usage in 17 countries in Latin America in 2021
  • Premium Statistic Credit card market share in POS and e-commerce in 6 countries in Latin America
  • Premium Statistic Annual number of credit cards in 8 countries in Latin America 2018-2022
  • Premium Statistic Debit card ownership and usage in 17 countries in Latin America in 2021
  • Premium Statistic Card and alternative payment share in e-commerce in 15 countries Latin America 2023

Issuers, acquirers, gateways

5
  • Premium Statistic Visa, Mastercard, Amex, Discover market share against each other in LATAM 2009-2023
  • Premium Statistic Visa, Mastercard, Amex transaction value in six countries in Latin America in 2022
  • Premium Statistic Visa, Mastercard, Amex transaction number in Latin America 2018-2023
  • Premium Statistic Biggest merchant acquirers Latin America 2017-2021, based on number of transactions
  • Premium Statistic Payment gateway market size in various countries worldwide 2023

Alternative payment methods (APMs)

7
  • Premium Statistic Digital wallet share in e-commerce and POS in 2023 with a 2027 forecast, by region
  • Premium Statistic Global mobile wallet market size in 2020 with forecasts to 2025, by region
  • Premium Statistic Biggest A2A payments brands in Latin America in 2023, based on number of transactions
  • Premium Statistic A2A payments adoption in POS or e-commerce worldwide 2022, by region
  • Premium Statistic Buy now, pay later (BNPL) share in e-commerce in 41 countries worldwide 2016-2023
  • Premium Statistic Global NFC payment value in 2020 with forecasts to 2024, by region
  • Premium Statistic Global QR payment market size in 2020 with forecasts to 2025, by region

Cross-border payments

5
  • Premium Statistic Cross-border vs. domestic e-commerce in Latin America in 2023, by country
  • Premium Statistic Annual B2B, B2C, C2B cross-border payments and remittances revenue in LATAM 2014-2023
  • Premium Statistic Domestic & cross-border e-commerce spending in Latin America 2019-2023
  • Premium Statistic Share of cross-border online shoppers in Latin America 2022, by country
  • Premium Statistic Cross-border as share of total e-commerce in Latin America 2021-2026

Remittances

7
  • Premium Statistic Annual remittance inflow to LMI countries worldwide 2016-2023, by region
  • Premium Statistic Personal remittance inflow towards Latin America as a whole 1970-2022
  • Premium Statistic Top remittance receiving countries in Latin America in 2023
  • Premium Statistic Countries in Latin America with most incoming remittances, by sending region 2021
  • Premium Statistic Personal remittance outflow from Latin America as a whole 1970-2022
  • Premium Statistic Countries in Latin America with most outgoing remittances, by receiving region 2021
  • Premium Statistic Remittance costs for 200 USD in 20 countries in Latin America as of Q1 2024

Miscellaneous

7
  • Premium Statistic Annual commercial and consumer payments revenue in LATAM 2014-2023, by product type
  • Premium Statistic B2B payments market size in Latin America (LATAM) in 2023, with a 2031 forecast
  • Premium Statistic Triennial unbanked population share in Brazil 2011-2024, by demographic
  • Premium Statistic Market size of payments worldwide from 2006 to 2023 with forecasts to 2027, by region
  • Premium Statistic Revenue in payments industry worldwide 2018-2023 with 2028 forecast, by region
  • Premium Statistic Number of digital payments worldwide 2013-2021 with forecasts to 2027, by region
  • Premium Statistic Regions or countries believed to be the most likely to innovate payments 2022-2027
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