Latin America: payment methods for digital transactions 2020

As of March 2020, the majority of transactions (58 percent) when purchasing online in Latin America were paid for using a card. By 2022, e-commerce sales in the region are expected to account for 3.5 percent of retail sales, hinting at a strong potential of the market. As of May 2018, MercadoLibre was the most popular online retailer in Latin America with more than 56 million unique visitors.

Distribution of online transactions in Latin America as of March 2020, by payment method

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Sources

Release date

March 2020

Region

LAC

Survey time period

March 2020*

Supplementary notes

* The source does not provide a date of survey. The date provided is the release date of the study.
** Includes international and domestic card schemes.

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