Payment sector

Prospects for business in Latin America

To leverage the vast business potential in Latin America, it's vital to understand the payment landscape and preferences of each region. With our extensive local knowledge, we can help you integrate tailored solutions for your target markets.

With Paynamo, offer popular local payment methods to your clients without relying on local firms. Partnering with a respected global company expands your customer base and elevates your professional profile.

The statistics within the region

620

millions of people

30%

e-commerce market growth

25%

cash dominates online purchases

67%

integration of local payments in e-commerce

The surge in online consumption across Latin America

Online consumption in Latin America is experiencing exponential growth, largely driven by changes in consumer habits prompted by the COVID-19 pandemic. Concurrently, infrastructure is steadily improving, enhancing financial access and expanding Internet coverage to reach a wider population. To capitalize on the substantial opportunities emerging for e-commerce businesses, understanding local payment preferences is essential.

Latin American digital consumers' purchasing and spending patterns

Latin American consumers exhibit a strong inclination to pay for their everyday expenditures through a blend of bank transfers, cash vouchers, and local cards. It comes as no surprise that these preferred payment methods extend to their online shopping habits as well. For businesses aiming to thrive and expand in the region, offering these popular cash-based local payment options is the key to unlocking success. By catering to the payment preferences of Latin American digital consumers, businesses can tap into the vast potential of this growing market and establish a competitive edge.

Payment methods

Expand your Latin American market sales with alternative online payment methods

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