Latin American E-Commerce Payments Market Led by Cards, Says yStats.com Study

Hamburg, Germany, February 17, 2019 –(PR.com)– 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 yStats.com’s 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 cited by yStats.com 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 yStats.com 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.

For further information, see: https://www.ystats.com/wp-content/uploads/2019/02/2019.02.15_Product-Brochure-Order-Form_Latin-America-Online-Payment-Methods-2019.pdf

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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world’s leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.