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Stock impact report

Latin America Online Payment Methods 2024: Credit Cards Dominate the Digital Payment Landscape and B2C E-Commerce, with Real-time Payments Witnessing Rising Popularity in Latin America [Ya...

GLOBAL DEVS INC (DEL) (GDVM) 
Company Research Source: Yahoo! Finance
Volume of Real-Time Payments in Latin America is Forecast to Nearly Quadruple by 2027 Latin America , like other regions, is witnessing a surge in digital payment adoption amid the global push towards digitalization in payments. However, this transition isn't uniform. In Latin America , credit cards dominate B2C E-Commerce sales, comprising over 50% of total payment methods in 2022. Digital wallets rank fourth, with a low double-digit share. Brazil leads in credit card ownership and transactions, exceeding 50% of total B2C E-Commerce sales. Moreover, credit cards dominated online payments in Latin America , while BNPL accounted for only a small fraction of B2C E-Commerce sales, yet witnessed significant annual increases, particularly in Colombia , with triple-digit growth from 2021 to 2022, mirroring adoption trends in countries like Chile and Peru , though annual growth in Mexico and Brazil was surpassed only by account-based transfers and Pix. Real-time payments witness risin Show less Read more
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