Latin America Online Payment Methods: Full Year 2016 code:1311

Latin America Online Payment Methods: Full Year 2016
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Argentina, Brazil, Colombia, Mexico
Pages: 75
Publication Date: 21/03/2017
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Questions Covered in the report:
  • Which payment methods do consumers in Latin America prefer when buying online?
  • How do online shoppers’ payment method preferences in Brazil differ from those in Mexico?
  • What are the key trends and developments in online payments worldwide and in Latin America?
  • How open are consumers in Latin America to using mobile payments?
  • Which important recent product launches in Brazil could have an effect on its mobile payment market?

Key Findings:

Credit card is the leading online payment method in Latin America

Credit card is the leading payment method used by online shoppers worldwide and in Latin America, according to an international consumer survey cited in this new report by yStats.com. Debit card ranks second in popularity on the regional level, followed by digital payment systems like PayPal. Nevertheless, some important differences exist in online shoppers’ preferences in various countries.

In Brazil, credit cards are used by nearly three-quarters of digital buyers. It is important to note that these are mostly domestic credit cards, accounting for around half of B2C E-Commerce sales in Brazil in 2015. Boleto Bancario ranked second in share and international credit card was third. Credit card was also the most used online payment method in Argentina. In both these countries, the popularity of credit card payments is supported by the possibility of paying in installments. Online retailers in Argentina who offer this payment option reported in 2015 that a major share of their sales was through payment in installments.

In Mexico, online shoppers have a different preference rank. A 2016 survey cited in yStats.com’s report indicated PayPal as the leading online payment method, followed by debit and then credit card. Both PayPal and debit card gained several percentage points in share of online shoppers between 2015 and 2016, while credit card lost a few. In Colombia, credit card is nose-to-nose with cash on delivery in a ranking of online payment methods.

Mobile payment usage in Latin America is nascent, but shows a strong potential, as yStats.com’s report reveals. In a recent global survey of Internet users, Latin America contributed the highest share of respondents who were looking forward to paying more via mobile. In Brazil and Mexico, more than three-quarters of consumers were interested in making mobile payments in-store. In 2016, Brazil was the first country in this region to roll out Samsung Pay and Starbuck’s mobile payment service.

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1. Management Summary

2. Global Developments

  • Online and Mobile Payment Trends, H2 2016
  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2015 & 2020f
  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015
  • Payment Methods Used in Online Shopping, by Regions, in % of Online Shoppers, October 2015
  • Top 3 Payment Methods Preferred in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, August 2016
  • Top 3 Considerations When Choosing a Payment Method in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, August 2016
  • Reasons To Choose the Preferred Payment Method in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, 2016
  • Value of Online Payment Fraud, in USD billion, 2015 & 2020f
  • Breakdown of Online Payment Fraud by Segments, in % and in USD billion, 2020f
  • Security Authentication Features That Online Shoppers in the USA and the UK Would Consider Setting Up for Online Purchases in the Next 12 Months, in %, November 2016
  • Breakdown of the Number of Online Payment Options Offered, in % of Online Merchants, January 2016
  • Top 10 Merchant Acquirers, by Volume, in USD billion, 2015
  • Mobile Payments Share of Total Consumer Card Payments, in %, 2016e & 2021f
  • Breakdown of Mobile Payments by Usage Case, by Europe and North America, 2016e
  • Mobile Proximity Payment Transaction Value, in USD billion, 2014 & 2019f
  • Number of Proximity Mobile Payment Users, in millions, 2014 – 2019f
  • Mobile P2P Money Transfer Transaction Value, in USD billion, 2014 & 2019f
  • Number of Mobile P2P Money Transfer Users, in millions, 2014 – 2019f
  • Mobile and Wearable Contactless Payments, in USD billion, 2015 & 2018f
  • Mobile Payment Usage In-Store and Online, in % of Respondents, by Generation, 2015
  • Perception of Security of Mobile Payments, in % of Respondents, by Generations, 2015
  • Share of Internet Users Who Look Forward to Being Able to Pay for More Transactions from Mobile Device, in %, by Asia-Pacific, Europe, Latin America, the USA, and Global Average, August 2016
  • Contactless Payment User Penetration, in % of Banked Population, July 2016
  • Payment Methods Used in Mobile Shopping, in % of Mobile Shoppers, by Selected Regions, August 2016
  • Products and Services Paid for via Mobile Wallet, in % of Mobile Shoppers Who Paid with Mobile Wallet, August 2016
  • Share of Mobile Shoppers Paying with Mobile Wallets, by Selected Countries, in %, August 2016
  • Probability of Using Mobile Wallets, in % of Smartphone Owners, by Selected Countries, July 2016
  • Number of Mobile Money Accounts, by Registered and Active, by Selected Regions, in millions, December 2015
  • Breakdown of Types of Payments Made with Mobile Money, by Number of Transactions and Value of Transactions, in %, December 2015

3. Latin America

3.1. Regional

  • Payment Methods Used in Online Shopping, in % of Online Shoppers With Bank Account, July 2016
  • Penetration and Usage of Contactless Cards and Mobile Payment, in % of Consumers  With Bank Account, July 2016
  • Share of Consumers Interested in In-Store Mobile Payments, in % of Surveyed Consumers, by Brazil and Mexico, June 2016
  • Top 5 Mobile Services That Have Never Been Used by Mobile Internet Users, incl. Payment-Related, in % of Mobile Internet Users, 2015 

3.2 Brazil

  • Online and Mobile Payment Trends and News About Players, H1 2016
  • Online and Mobile Payment Trends and News About Players, H2 2016
  • Breakdown of B2C E-Commerce Sales by Payment Methods, in %, 2015
  • Breakdown of Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015
  • Breakdown of Online Shoppers’ Preference for Payment in Installments, in %, H1 2016

3.3. Mexico

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015
  • Top 10 Payment Methods Used in Online Shopping, in % of Online Shoppers, 2015 & 2016
  • Online Payment Methods Used in Online Shopping, by Device Used, in % of Online Shoppers, August 2016
  • Offline Payment Methods Used in Online Shopping, by Device Used, in % of Online Shoppers, August 2016
  • Reasons for Not Storing Credit/Debit Card Information With Online Shops, in % of Online Shoppers, 2015 & 2016
  • Share of E-Commerce of Total Payments with Credit and Debit Cards, in %, 2015
  • Breakdown of E-Commerce Card Payment Transactions by Credit Card and Debit Card, in %, 2015
  • Number of Authorized Payment Transactions on E-Commerce Websites, in millions, Value, in MXN billion, and Authorization Rate, in % of Transactions and in % of Transaction Value, by Credit Cards and Debit Cards, Q1 2015 – Q3 2016
  • Chargeback Rate, in % of Number of Authorized Payment Transactions on E-Commerce Websites and in % of Their Value, by Credit Cards and Debit Cards, Q1 2015 – Q3 2016
  • Number of Online Payment Users, in millions, 2014 & 2015
  • Types of Products and Services Paid for Online, in % of Online Payment Users, 2011 – 2015
  • Reasons for Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, 2015
  • Share of Banked Internet Users Who Conduct Banking Transactions on Smartphones, in %, 2015

3.4. Argentina

  • Breakdown of E-Commerce Sales by Payment Method, in %, 2015
  • Share of Installments in Total E-Commerce Sales of Companies That Offer Payment by Installments, in %, and Breakdown of Number of Installment Payments, in %, 2015

3.5. Colombia

  • Payment Methods Used in Online Shopping, in % of Online Shoppers, October 2015
  • Share of Online Shoppers Preferring to Pay by Credit Card, in %, June 2016
  • Breakdown of Online Payment Made Through Payment Gateways by Credit Cards, Debit to Bank Account and Others, 2014 & 2015
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  • Cielo S.A.
  • GetNet Tecnologia Ltda.
  • MasterCard Inc.
  • Paypal Inc
  • Rede S.A.
  • Samsung Pay Inc
  • Starbucks Corp
Read More

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