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Latin America Online Payment Methods: Full Year 2017-2018 Analysis - ResearchAndMarkets.com

September 4, 2018

DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The “Latin America Online Payment Methods: Full Year 2017” report has been added to ResearchAndMarkets.com’s offering.

Latin American online shoppers reflect concern for online payment security.

Latin America Online Payment Methods: Full Year 2017, a new publication, includes a survey reflecting the concern for payment security in online purchase transactions of Latin American shoppers. The publication synthesizes information on online payment in four major markets of the region.

An indication of the concern for security in online payment throughout the Latin American region is the fact that well over half of online shoppers use authentication methods such as biometrics or SMS codes when paying for purchases online. A survey cited in the new report reveals that security issues outweigh the offered convenience of online payment. Fraud-wary consumers in Brazil use a local bank method Boleto Bancario and in Mexico, cash payment at OXXO convenience stores help avoid credit card use directly on E-Commerce sites.

In spite of these concerns, credit cards still are the leading payment method for online purchases in the Latin American region. Mexico provides an exception to the leadership of credit card, as PayPal is used more than plastic in that nation, according to research cited in the report. Mobile payment is also catching on in the region. In 2017, Latin America was second only to the Asia-Pacific region globally in the percentage of Internet-connected purchasers using mobile payments.

Questions Answered in this Report

Which payment methods do consumers in Latin America’s top markets prefer when buying online? What is the attitude of online shoppers in Latin America towards payment security? How is the use of mobile payments developing in this region? What is the expected ROI for FinTech projects in Latin America compared to other regions? What are the key trends and developments in online and mobile payments worldwide?

Companies Mentioned

Boleto Bancario MasterCard Inc. Oxxo S.A. Paypal Inc Samsung Pay Inc Visa Inc.

For more information about this report visit https://www.researchandmarkets.com/research/52zmlx/latin_america?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005894/en/

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Related Topics:E-Business,Online Banking

KEYWORD: CENTRAL AMERICA SOUTH AMERICA

INDUSTRY KEYWORD: ONLINE RETAIL PROFESSIONAL SERVICES BANKING RETAIL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/04/2018 05:23 PM/DISC: 09/04/2018 05:23 PM

http://www.businesswire.com/news/home/20180904005894/en

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