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Latin America Online Payment Methods: Second Half 2014

  • December 2014
  • -
  • yStats - Global E-Commerce Intelligence
  • -
  • 54 pages

Online Payments Develop in Latin America

In Latin America, credit card and alternative payment methods compete hand to hand for the share of the fast growing B2C E-Commerce market. Region wide, payment through online payment platforms was only slightly ahead of credit card by penetration on online shoppers in 2014, while in some countries also cash on delivery plays an important role. Furthermore, a common trend in the region is increased use of mobile devices for payment in online shopping, with close to a quarter of online payment users already having paid with smartphone at least once.

In the region's largest market, Brazil, new regulations were adopted in 2013 and 2014, boosting the growth of online and mobile payments. Credit cards were used most in online purchases in Brazil, followed by local banking payment method Boleto Bancario. In Mexico, which ranks next to Brazil by B2C E-Commerce sales, both cash and credit cards were frequently used by online shoppers. Credit and debit cards were in the lead in online retail in Argentina, while close to half of Internet users did not shop online due to fears for safety of their credit card data. Also Colombia and Chile show growth in online and mobile payments: in Colombia payment transactions via mobile phone more than doubled last year, while in Chile one in every six Internet users carried out banking transactions online.

Table Of Contents

Latin America Online Payment Methods: Second Half 2014
1. Management Summary

2.Global Developments
-Online and Mobile Payment Trends and News about Players, H2 2014
-Value of Digital Payments, in USD trillion, 2014e and 2019f
-Number of B2C E-Commerce Payment Transactions, in billions, 2011 - 2015f
-Number of Mobile Payment Transactions, by Bank and Non-Bank, in billions, 2011 - 2015f
-Value of Mobile Payments, in USD billion, 2013 and 2014f
-Mobile Wallet Market Value, in USD billion, 2012 and 2018f
-Number of NFC Payment Users, in millions, 2014e and 2019f
-Share of Consumers who Used Mobile Payment In-Store or in Online Shopping, by Selected Countries, 2014e
-Breakdown of Mobile Wallet Usage and Attitude Among Users in Advanced Markets, in % of Respondents, 3 Months to March 2014
-Major Concerns about Online Shopping, in % of Online Shoppers, May 2014
-Reasons for Not Shopping Online, in % of Consumers who Do Not Shop Online, 2012 and 2013
-Share of Consumers who Do Not Shop Online Because of Lack of Trust to Online Payment Methods, by Selected Countries, in %, 2013
-Payment Methods Perceived to be Safest, incl. Online, in % of Consumers, by Age Group, June 2014

3.Latin America

3.1 Regional
-Profiles of Online Payment Users, by Regional and Country, in % of Online Payment Users, 2014e
-Payment Methods used to Pay for Online Purchases, in % of Online Payment Users, 2014e
-Share of Online Payment Users Paying with Smartphones, in %, 2014e
-Potential Usage of New Payment Methods, incl. Mobile, in % of Online Payment Users, 2014e
-Products and Services Paid for Online, in % of Online Payment Users, 2014e

3.2 Brazil
-Online and Mobile Payment Trends and News about Players, H2 2014
-Payment Methods Used in B2C E-Commerce, in % of Online Shoppers, 2012 and 2013
-Payment Methods Used in B2C E-Commerce, by Income and Age Groups, in % of Online Shoppers in Each Group, 2013
-Payment Methods Used in B2C E-Commerce, by Gender, in % of Online Shoppers, 2013
-Reasons not to Shop Online, in % of Internet Users Who Do Not Shop Online, incl. Payment, 2013
-M-Commerce Activities Performed on Smartphone or Tablet, in % of Smartphone and/or Tablet Owners, incl. Purchasing via Payment Intermediary, June 2014
-Reasons for not Shopping on Mobile, in % of Smartphone and/or Tablet Owners, incl. Absence of Credit Card, June 2014
-Security Features that Make Users Feel Safer when Shopping on Mobile, in % of Smartphone and/or Tablet Owners, incl. Payment, June 2014

3.3 Mexico
-Breakdown of Payment Methods Used in B2C E-Commerce, in % of Online Shoppers, 2013
-Breakdown of Payment Methods Most Used in B2C E-Commerce, in % of Online Shoppers, March 2014
-Barriers to Mobile Purchase, in % of Online Shoppers who Own Tablet/Smartphone, June 2014
-Share of Shoppers with Access to Payment Methods for Mobile Shopping, by Online Shoppers Owning Smartphone and Tablet, in %, June 2014

3.4 Argentina
-Breakdown of Payment Methods Used in B2C E-Commerce, in % of Online Shoppers, June 2014
-Reasons for not Shopping Online, incl. Payment-Related, in % of Internet Users Who do not Shop Online, 2013 and 2014, Ranked by 2014
-Online Payment Activities to be Carried Out if Greater Security is Guaranteed, in % of Internet Users, 2013 and 2014
-Devices Used to Make Payments Online, in % of Online Payment Users, 2014e

3.5 Colombia
-Number of Payment Transactions Conducted with Mobile Phone, in millions, 2012 and 2013

3.6 Chile
-Penetration of Online Payment Users on Internet Users, by Type of Payment Activity, by Location and Age Group, 2013

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