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latin american market

Latin America is huge and open for business.
The time to invest is now.

From physical retail to travel and digital goods, e-commerce in Latin America is growing at a rate of 25% to 30% a year. The region already accounts for the best results of global companies such as Aliexpress, Uber, Spotify, and Airbnb

Brazil

Shopify's 3rd largest market.

São Paulo

Uber's 5th largest city in the world.

Mexico

Has the largest number of Spotify users.

Who is succeeding in Latin America with EBANX?
  • Spotify
  • Airbnb
  • AliExpress
  • Udacity
  • Wordpress, by Automattic
  • Wish
                       

Stay in the spotlight in 8 different countries across Latin America

Latin American has shown itself to be a promising market that still has a low competition, which makes new players catch the attention of Latin American consumers.

Online sales in the region are expected to grow 19% per year in the next five years, against the global average of 11%, and an estimated of 155M Latin Americans should buy online by the end of 2019.

Even though Brazil and Mexico are the first countries that come to mind when talking about Latin America, it is important to know that most Latin American countries already have liberal economic programs and consumers connected and ready to buy.

Colombia & Argentina

Two of the three fastest growing countries in e-commerce in the world.

Brazil

World's ninth-largest economy by nominal GDP.

In Latin America

44% of the online purchases are imported.

More than 100 Payment Methods in Latin America

Latin Americans are connected and hungry for global products

Today, Latin America has 650 million citizens and most of them believe that international products and services are better than local ones, driving them seek out options outside their countries.

Access to these global giants is not difficult, since much of the population is connected and online. Brazilians, for example, are in the ranking of the most connected people in the world, with an average of 9 hours per day. Also, smartphone adoption will reach 71% by 2020 in Latin America, against the 66% that is the global average.

Localize your payments to increase your addressable market

Cards are not the only way Latin Americans pay for their online transactions. In fact, they are used to pay for their day-to-day expenses through bank transfers, cash vouchers, and local cards. These methods are often how Latin Americans want to pay for their online services and goods as well.


Whether you’re looking to expand your current business in Latin America – or enter the region for the first time – offering local payment methods is the key to success.

Brazilian Payment Methods

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Available only to companies outside Brazil

Cash/Voucher Payment

Credit Cards

Online Alternative Methods

Mexican Payment Methods

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Available only to companies outside Mexico

Cash/Voucher Payment

Credit Cards

Debit Cards

Online Alternative Methods

Argentinian Payment Methods

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Available only to companies outside Argentina

Cash/Voucher Payment

Credit Cards

Debit Cards

Chilean Payment Methods

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Available only to companies outside Chile

Cash/Voucher Payment

Credit Cards

Debit Cards

Online Alternative Methods

Colombian Payment Methods

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Available only to companies outside Colombia

Cash/Voucher Payment

Credit Cards

Debit Cards

Online Alternative Methods

Peruvian Payment Methods

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Available only to companies outside Peru

Voucher Payment

Credit Cards

Debit Cards

Ecuadorian Payment Methods

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Available only to companies outside Equador

Voucher Payment

Bolivian Payment Methods

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Available only to companies outside Bolivia

Voucher Payment

How each industry behaves in Latin America?

We all know that each niche market behaves in its own way and has its peculiarities, but one thing is for sure: all industries have room to grow in Latin America.

The tourism industry, which first embraced e-commerce, is the most mature segment in the region and is growing every day. Next came physical e-commerce, that even with logistics hurdles, is still growing at around 20% per year. On the digital goods side, the scenario is even better: with a growth of almost 40% per year, and Mexicans being the number one binge-watchers of Netflix, with 8.3M subscriptions in the country.

Numbers that matter

Top 10

Brazil is the 10th largest e-commerce retail market in the world.

USD 163B

Is the amount of GDP generated by tourism in Brazil.

1 out of 6 Mexicans

Is an Uber customer.

LatAm

Is the fastest-growing market for Coursera - the online education platform.

VAT exemption

For cloud computing in Colombia.

6 unicorn companies

Were born in Brazil in 2018.

Get the most out of Latin America with local payment methods