Latin America: mobile POS payment transaction value 2020-2028, by region

Transaction value of mobile POS payments in Latin America from 2020 to 2028, by region

Show detailed source information?
Register for free
Already a member?
Log in

Use Ask Statista Research Service

Supplementary notes

Data provided by Statista Market Insights are estimates.


The Mobile POS Payments market refers to transactions made on mobile devices, such as smartphones or tablets, to process transactions at the point of sale. The payment in this case is made by a contactless interaction of the smartphone app with a suitable payment terminal belonging to the merchant. The data transfer is made via wireless standard NFC (Near Field Communication) or by scanning a QR code to initiate the payment. Users pay for a purchase via a mobile wallet application by triggering an online bank transfer or by using a digitally stored credit or debit card (Host Card Emulation). mPoS payments are becoming increasingly popular as they allow businesses to offer more flexible and convenient payment options for customers, and can also help to reduce costs and improve efficiency. Additionally, mPoS payments can also provide businesses with valuable data and insights into customer behavior and purchasing habits.

Additional Information:

Key players in this market are ApplePay, Google Wallet and Samsung Pay.

Open this statistic in...
Citation formats
Use Statista now: unlimited access to all content

Statistics on " Digital payments in Latin America "

Other statistics that may interest you Digital payments in Latin America



Online payments


Mobile payments


Contactless payments




Consumer behavior


Further related statistics

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.