Sample Report: LATAM Payment Methods & Digital Payments 2025: Consumer Trends and Market Forecasts

yStats.com has released its latest report, “LATAM Payment Methods & Digital Payments 2025: Consumer Trends and Market Forecasts,” offering a comprehensive analysis of Latin America’s payment landscape. It examines the region’s shift from traditional to digital payments, driven by fintech innovation and financial inclusion. Key trends include rising mobile and smartphone payments, cryptocurrency growth, and shifting consumer preferences. The report also analyzes digital commerce, E-Commerce market size, payment method trends, and the expanding role of alternative payment solutions. Additionally, it provides country-specific insights into payment method shares across Brazil, Mexico, Argentina, Chile, Peru, and Colombia.

February

2025

Payments Methods & Digital Payments

Description

Region: Latin America

Countries: Brazil, Mexico, Argentina, Chile, Colombia, Peru

‍Pages: 66

Publication Date: 27.02.2025

Questions Covered in the report:

What is the projected size of Latin America's digital commerce market by 2026?
How do consumer payment preferences vary across Latin American countries, and why?
What percentage of Brazil’s E-Commerce transactions were processed via Pix in 2024?
Which Latin American country has the highest cryptocurrency adoption rate?
How does the rise of real-time payments impact traditional banking in Latin America?

Key Findings:

Latin America’s Digital Payments Market Expands Amid Fintech Innovation and E-Commerce Boom

Latin America’s Digital Payment Revenue Set to Triple by 2027

Latin America’s digital payments sector is set for significant expansion, with total payment revenue projected to triple by 2027, reaching USD 0.3 trillion. This growth is driven by increasing financial inclusion, fintech innovation, and regulatory advancements. Despite the rapid rise, the region’s share of global payment revenue will remain under 10%, compared to nearly 50% in Asia-Pacific and over 25% in North America. However, mobile payments, digital wallets, and real-time transactions are increasingly broadening financial access and reshaping the region’s payments landscape.

E-Commerce Boom Fuels Digital Payment Adoption Across Latin America

The continued rise of E-Commerce is driving digital payment adoption across Latin America. Retail E-Commerce sales are expected to exceed USD 260 billion by 2028, supported by increasing internet penetration, mobile commerce, and evolving consumer payment preferences. Businesses are expanding their payment options to keep pace with these shifts. Brazil’s Pix system is transforming financial transactions, while in Mexico, debit card usage in E-Commerce has surpassed credit cards. Argentina is experiencing a surge in digital wallet adoption, while Chile and Colombia remain credit card-dominated, though alternative payments are gaining traction.

Alternative Payments and Cryptocurrency Gain Momentum Despite Credit Card Dominance

While credit and debit cards accounted for over 60% of transactions in 2023, alternative payment methods are seeing rapid growth. Real-time payments, account-to-account (A2A) transfers, and digital wallets are reshaping the payment landscape, offering faster and lower-cost transactions. Cryptocurrency adoption is also accelerating, with ownership doubling from 2023 to over 55 million in 2024. Argentina leads the region, with nearly 20% of its population holding digital assets, followed by Brazil and Venezuela.

Access the Full Report

For a deeper understanding of Latin America’s evolving digital payments market, access the latest yStats.com report, “LATAM Payment Methods & Digital Payments 2025: Consumer Trends & Market Forecasts.” Contact Press@ystats.com for more details.

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Table of Content:

1. Key Takeaways – Report Summary

2. Management Summary

3. Latin America Payments Market Overview

3.1. Key Takeaways – Latin America Payments Market

3.2. Market Overview: Payments

• Payments Revenue, in USD trillion, 2017 & 2020-2022 & 2027f

• Share of Payment Revenue Value, in %, 2027f

• Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023

• Payments Market Growth by Global Region, CAGR (%), 2022 - 2027f

• Payments Market Revenue Share by Global Region, in %, 2027f

• Payment Mix by New Payments and Traditional Payments, in % of Transaction Volume, 2023

• Total Non-Cash Transactions, in billions of Transactions, 2018 & 2021-2024e & 2028f

• Total B2B Non-Cash Transactions, in billions of Transactions, 2018 & 2021-2024e & 2028f

• Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023

• Breakdown of Total Payments Revenue, Commercial & Consumer in %, 2023

4. Digital Payment Adoption, Consumer Behavior, & Emerging Trends in Latin America

4.1. Key Takeaways – Latin America Digital Payment Adoption & Consumer Behavior

4.2. Market Overview: Digital Payment Adoption & Consumer Behavior

• Preferred Payment Methods for In-Person Purchases, by Country, in % of Respondents, 2023

• Breakdown of Preferred Payment Method for In-Person Purchases, in % of Respondents, 2021 & 2023

• Reasons for Using Debit and Credit Cards in Latin America, % of Respondents, 2023

• Top Reasons for Digital Payment Adoption, in % of Respondents from High Mobile-Payment Penetration Countries, 2023

• Key Factors Driving Digital Payment Adoption in Low Mobile-Payment Adoption Countries, % of Respondents, 2023

• Share of Consumers that Use Smartphone Payments for In-Person Transactions at least once a month, in %, 2024

• Number of Cryptocurrency Owners, in millions, 2023 & 2024e

• Share of Population That Owns Cryptocurrency by Country, in %, 2024e (1 of 3)

• Share of Population That Owns Cryptocurrency by Country, in %, 2024e (2 of 3)

• Share of Population That Owns Cryptocurrency by Country, in %, 2024e (3 of 3)

5. Digital Commerce & E-Commerce Payment Trends in Latin America

5.1. Key Takeaways – Latin America Digital Commerce & E-Commerce Payment

5.2. Market Overview: Digital Commerce & E-Commerce Payment

• Digital Commerce Market Size, in USD billion, 2020-2026f

• Retail E-Commerce Share, in % of Total Retail Sales, 2022-2028f

• Retail E-Commerce Sales, in USD billion, in % of Year-on-Year Change, 2022-2028f

• E-Commerce Payment Method Market Share, in %, 2023

• Share of E-Commerce Payment Methods, in %, 2024

6. Latin America Country-Specific Payment Methods Insights

6.1. Key Takeaways – Latin America Country-Specific Payment Methods

6.2. Brazil

• Pix Payment Volume, in USD trillion, 2021-2024 (Through June)

• Number of Pix Transactions, in billions, 2021-2024 (Through June)