This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Latin America Online Payment Methods, 2019: Plastic Reigns, Mobile Payments Are Increasing - ResearchAndMarkets.com

February 18, 2019

DUBLIN--(BUSINESS WIRE)--Feb 18, 2019--The “Latin America Online Payment Methods 2019” report has been added to ResearchAndMarkets.com’s offering.

Latin American E-Commerce payments market led by cards, says study

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, according to this research. 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.

Questions Answered

What are the key trends and developments in online payments worldwide and in Latin America? How do online payment method preferences vary between Argentina, Brazil, Chile, Colombia, and Mexico? How important is payment security to digital consumers across the region? What is the current state and the prospects of mobile payments in Latin America? How many consumers in Latin America use mobile wallets to pay in-store?

Companies Mentioned

Alphabet Inc. Apple Inc. BBVA Wallet Google Pay Mastercard Inc. MercadoLibre Inc. Oxxo S.A. PagSeguro Digital Ltd. Paypal Inc. Samsung Co. Ltd. Visa Inc.

For more information about this report visit https://www.researchandmarkets.com/research/53xvgw/latin_america?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190218005274/en/

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PUB: 02/18/2019 10:56 AM/DISC: 02/18/2019 10:56 AM