Latin America Online Payment Methods: Full Year 2017 code:1380

Latin America Online Payment Methods: Full Year 2017
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Argentina, Brazil, Colombia, Mexico
Pages: 71
Publication Date: 13/07/2018
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Questions Covered in the report:
  • Which payment methods do consumers in Latin America’s top markets prefer when buying online?
  • What is the attitude of online shoppers in Latin America towards payment security?
  • How is the use of mobile payments developing in this region?
  • What is the expected ROI for FinTech projects in Latin America compared to other regions?
  • What are the key trends and developments in online and mobile payments worldwide?

Key Findings:

Online shoppers in Latin America value security of payments more than their convenience

More than three-quarters of online shoppers in Brazil and Chile, and above one-half in other major markets of Latin America prefer to use authentication measures like one-time SMS codes or biometrics when making payments online, valuing their security over convenience, according to a recent survey cited in the yStats.com report. In Brazil, a double-digit share of shoppers chooses local banking method Boleto Bancario rather than payment card due to unwillingness to share their credit card information on the Internet.

Nevertheless, domestic credit cards remain the leading payment method by share of the region’s E-Commerce purchases, with digital buyers in Argentina and Brazil also likely to choose payments in credit card installments. In Mexico, however, PayPal ranks above debit and credit cards in terms of online shoppers’ usage, as the yStats.com’s report reveals. Moreover, local in-store payment method Oxxo is used by more than one-third of online shoppers in this country.

Mobile payment methods are also gaining acceptance in Latin America, with this region ranking behind Asia-Pacific only in mobile payment user penetration among connected consumers, according to a survey from 2017.

 

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1. Management Summary

2. Global Developments

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, Q1 2017
  • Card Spending, in USD trillion, and Breakdown by POS and E-Commerce, in %, 2015 & 2021f
  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2021f
  • Top Two Payment Methods Preferred in Cross-Border Online Shopping, in % of Cross-Border Online Shoppers, 2016 & 2017
  • Reasons For Not Shopping Online, incl. Payment-Related, in % of Internet Users Who Do Not Shop Online, Q1 2017
  • FinTech Adoption Rate, in % of Internet Users, by Selected Countries, 2017
  • Most Used FinTech Services According to Internet Users, in %, 2017
  • Most Relevant Emerging Technologies for Large FinTech and Financial Companies to Invest In, in % of Respondents in Each Group, April 2017
  • Entities Expected to Be The Most Disruptive in FinTech in the Next Five Years According to Financial Services and FinTech Executives, in %, 2017
  • Top 10 VC-Backed FinTech Unicorns by Valuation, in USD billion, Q3 2017
  • Expected Annual ROI According to Financial Services and FinTech Executives, in %, 2017
  • Mobile Payment User Penetration, in % of Internet Users, by Regions, Q4 2015 & Q2 2017
  • Share of Internet Users Who Are Likely To Use Mobile Payment Next Year, in % of Internet Users, by Selected Countries, Q1 2017
  • Penetration of Bank Account Holders Willing to Share Personal Financial Data with Third-Party Providers to Use Their Services, in %, by Selected Countries, August 2017
  • Breakdown of the Number of Transactions/Purchases by Payment Methods, in %, as Perceived by Businesses and by Consumers, 2016
  • Factors Most Important to Consumers in Deciding to Use Mobile Payments, in %, 2016
  • Share of Internet Users Who Believe That Mobile Payment is Not Secure, in %, October 2016
  • Mobile Payment Security Features Demanded by Consumers and Implemented by Businesses, in %, 2016
  • Attitudes Towards Mobile Payment and Mobile Money, in % of Consumers, by Developed and Developing Markets, 2016
  • Contactless Payment Transaction Value, in USD billion, 2017e & 2019f
  • Number of Contactless Payment Users of Apple Pay, Samsung Pay and Android Pay, in millions, 2015 – 2017e
  • Apple Pay User Penetration Compared to Overall Mobile Payment User Penetration, in % of Internet Users, by Penetrated Markets, Q2 2017

3. Latin America

3.1.  Regional

  • Breakdown of E-Commerce Sales by Payment Methods, in%, 2017e
  • Share of Mobile Shoppers Who Use Mobile Wallets to Pay for Products/Services Purchased via Mobile Device, in %, by Brazil, Chile, Colombia, Mexico and Peru, August 2016
  • Use of Second Factor Authentication Systems in E-Commerce, incl. Methods Used and Attitude, in % of Banked Online Shoppers, by Selected Countries, 2017

3.2.  Brazil

  • Payment Methods Preferred in E-Commerce, in % of Online Shoppers, June 2017
  • Breakdown of the Number of Payment Installments Used, in % of Online Shoppers, 2016 & 2017e
  • Share of Top 10 B2C E-Commerce Payment Methods of Orders Placed and Approved Orders, in %, and Approval Rate by Payment Method, in %, Q1 2017
  • Breakdown of Payment Methods Used in the Last Online Purchase from International Site, in % of Cross-Border Online Shoppers, 2013 – 2016
  • Reasons to Give Up an Online Purchase, in % of Online Shoppers, June 2017
  • Factors Important for the Decision to Purchase in E-Commerce, incl. Payment-Related, in % of Online Shoppers, April 2017
  • Reasons For Using Boleto Bancario, in % of Online Shoppers Who Use Boleto Bancario, July 2017
  • Breakdown of Online Shoppers Who Pay with Boleto Bancario by Gender and Age Group, in %, July 2017
  • Payment Methods Used in M-Commerce, in % of Mobile Shoppers, September 2017

3.3.  Mexico

  • Online Payment Methods Used in E-Commerce, by Device Used, in % of Online Shoppers, August 2017
  • Offline Payment Methods Used in E-Commerce, by Device Used, in % of Online Shoppers, August 2017
  • Payment Methods Used in E-Commerce, in % of Online Shoppers, December 2016
  • Reasons for Not Shopping Online, in % of Internet Users Who Do Not Shop Online, December 2016
  • Share of E-Commerce of Total Payments with Credit and Debit Cards, in %, 2016
  • Breakdown of E-Commerce Card Payment Transactions by Credit Card and Debit Card, in %, 2016
  • 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 2016 – Q3 2017
  • 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 2016 – Q3 2017
  • Share of Online Shoppers Who Stored Information With an Online Merchant and Type of Information Stored with an Online Merchant, in % of Online Shoppers, 2016 & 2017
  • Reasons for Not Storing Credit/Debit Card Information With Online Shops, in % of Online Shoppers, 2016 & 2017
  • Top 5 Most Important Aspects in E-Commerce Payments, in % of Online Shoppers, February 2017
  • Payment App and Wallet Penetration, in % of Banked Internet Users, July 2016

3.4.  Argentina

  • Breakdown of E-Commerce Sales by Payment Methods, in %, 2016
  • Breakdown of E-Commerce Sales Paid in Installments by Number of Installments, in %, 2016
  • Most Attractive Uses of Mobile Payment Services, in % of Smartphone Users, August 2016
  • Breakdown of Preferred Mobile Payment Providers, in % of Smartphone Users, August 2016

3.5.  Colombia

  • Payment Methods Used in E-Commerce, in % of Online Shoppers, August 2016
  • Top 5 Motivations for Online Shopping, in % of Online Shoppers, August 2016
Read More
  • Boleto Bancario
  • MasterCard Inc.
  • Oxxo S.A.
  • Paypal Inc
  • Samsung Pay Inc
  • Visa Inc.
Read More

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