eCommerce payment methods in LATAM

42%

Credit card 

22%

Account-to-account

12%

Debit card

10%

Digital wallet

7%

Cash

5%

Bank transfer

2%

Other

1%

BNPL

 

Download your full copy of The Global Payments Outlook 2025

LATAM’s most popular payment methods

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Latin America's leading export destinations

US

US

 

China

China

 

DE

Germany

Top sources for product research on smartphone

44%

Mobile apps

40.6%

Social media 

31%

Traditional search engines

Top eCommerce segments in LATAM

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Electronics

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Fashion

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Food 

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Beauty and personal care 

Looking to attract more customers?

Discover key insights into Latin America and other high potential regions across North America, Europe, LATAM, APAC and MENA in our Global Payments Outlook. Expand your local and global reach with the right payment strategies. 

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A forward glance at payments and eCommerce in Latin America

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transactions were processed through Pix in Brazil in 2024.

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mobile internet penetration is projected for Latin America by 2030. 

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of the total eCommerce market consists of cross border transactions. 

Looking to break into the Latin American market? We’ll help you get there!

For eCommerce merchants aiming to establish a strong presence in Latin America, here are the key insights into the region’s eCommerce and payments landscape that you need to know:

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Brazil and Mexico dominate the Latin American eCommerce market, accounting for more than half of the region's total market share.

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Latin America processed an impressive 139.3 billion online retail transactions and 24.4 billion B2B transactions in 2024.
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With an 80% smartphone penetration rate in 2023, most Latin American consumers prefer shopping on their mobile devices.

 

Partnering with a trusted payment service provider like emerchantpay makes entering the Latin American market simpler than ever. Our in-depth expertise and tailored solutions ensure a smooth expansion process. To support your business growth, download our latest Global Payments Outlook for valuable, data driven insights. Get started today by filling out the form above!

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