Latin America Online Payment Methods 2019

Latin America Online Payment Methods 2019

  • February 2019 •
  • 93 pages •
  • Report ID: 5742122 •
  • Format: PDF
Latin American E-Commerce payments market led by cards, says the report

Online shoppers in Latin America prefer to pay by card

Different types of cards were the preferred method of more than 50% of online shoppers in Latin America in 2018. Cash on delivery ranked second, followed by other alternative payment methods such as payment at convenience stores and supermarkets.

Mobile payments are increasing across Latin America

Mobile payment is a growing trend both in online and brick-and-mortar shopping in Latin America. Two in three Internet users in this region said they would be likely to use mobile wallets or similar payment methods during 2018/2019. Recent market estimates reveal that consumers in Argentina and Mexico had the highest rates of in-store mobile payment usage among their regional peers. The competitors in the expanding mobile payments market in Latin America include Apple Pay, BBVA Wallet, Google Pay and Samsung Pay, among others.

Credit card installments still popular in Brazil

Digital shoppers in Brazil, Latin America’s largest online retail market, paid by credit card installments more than by other methods in 2018, according to a survey in the report. However, the popularity of this method declined slightly from 2017, given that many online merchants offer discounts on one-time payment methods such as via Boleto Bancario.

For individual Market Report purchases:
1. A “Single User License” means that only one (1) individually named user of an organization shall be entitled to access the report
2. A “Site License” means that up to ten (10) users within a given geographical location (i.e. country) of an organization shall be entitled to access the report
3. A “Global Site License” means that up to ten (10) worldwide users of an organization shall be entitled to access the report

In all cases, the term “organization” refers to the purchaser’s specific company only and excludes any third parties, including affiliates.