Latin America: <br>Fast-moving payments continue to thrive

Latin America:
Fast-moving payments continue to thrive

Tap into this market of over 300 million eCommerce users* by providing local cards, instant payment methods, installment options, cash-based payments, and much more. * Source: Statista, 2023

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Argentina

Argentina responds very well to payment innovation, with a penetration rate of 95% for fintech and banking*.

* Source: AMI, 2022

  • Credit and debit cards

    • Visa
    • Mastercard
    • CMR Falabella
    • Nativa
    • Tarjeta Shopping
    • Cencosud
    • Cordial
    • Cabal
    • Naranja
    • Argencard
    • Maestro
    • CashCard
    • American Express
    • Cordobesa
    • Banco Provincia
  • Cash-based payments

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    • Rapipago
    • Pago Fácil
  • Bank Transfers

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    • Itaú
    • Citi
    • HSBC
    • Credicoop
    • Macro
    • Banco Nación
    • Galicia
    • Santander
    • BBVA

Bolivia

Bolivia's eCommerce market is small but aiming to grow along with over 7.5 million internet users. With a population of 11.59 million, 51% hold a bank account with a financial institution, but only 7,2% of them have a credit card, and yet 9% have made online purchases.

  • Credit and debit cards

    • Visa
    • Mastercard
  • Cash-based payments

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    • Pago al paso
  • Bank Transfers

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    • BCP
  • QR Payment

    • Vpay

Brazil

Digitally advanced and with a wide range of online consumers, Brazil is the birthplace of successful real-time payments in Latin America.

  • Credit and debit cards

    • Visa
    • Mastercard
    • Maestro
    • American Express
    • JCB
    • Discover
    • Aura
    • Hipercard
    • Elo
    • Mercado livre
  • Wallets

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    • PicPay
    • MercadoPago
  • Cash-based payments

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    • Boleto Bancario
  • Bank Transfers

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    • Itaú
    • Santander
    • Mercadopago
    • PicPay
    • PIX
    • Caixa
    • Bradesco
    • Banco do Brazil
    • Pix

Chile

In recent years Chile has shown impressive economic growth, directly impacting the business opportunities in the country.

  • Credit and debit cards

    • Visa
    • Mastercard
    • CMR Falabella
    • American Express
    • Diners
    • Magna
    • MACH
  • Wallets

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    • MercadoPago
  • Cash-based payments

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    • Sencillito
    • Servipag
  • Bank Transfers

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    • Itaú
    • Santander
    • BBVA
    • Mercadopago
    • Scotiabank
    • Banco Falabella
    • Khipu
    • WebPay Red compra
    • Transbank

Colombia

Colombia’s Gross Domestic Product (GDP) is expected to steadily grow 1.8% in 2024, proving that Colombia can represent excellent opportunities for eCommerce in Latin America*.

*Source: OECD, 2023

  • Credit and debit cards

    • Visa
    • Mastercard
    • American Express
    • Diners
    • Codensa
  • Wallets

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    • MercadoPago
  • Cash-based payments

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    • Colsubsidio
    • Exito
    • Efecty
    • Davivienda
    • Bancolombia
  • Bank Transfers

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    • PSE
    • Bancolombia

Costa Rica

Costa Rica With a population of 5 million and over 1 million eShoppers, Costa Rica has an eCommerce market of $2.3B. Cross border transactions account for 77% of the eCommerce volume. Although eCommerce is projected to shrink 22% in 2020 due to the current pandemic, it is expected to recover in 2021 with a 39% YoY growth.

DLOCAL COSTA RICA, SRL posee todos los permisos de funcionamiento requeridos para operar dentro del territorio costarricense. Dado a lo anterior, y en seguimiento al artículo 24 de la Normativa SGF-11-18 de Superintendencia General de Entidades Financieras (en adelante, la “SUGEF”) se indica: Advertencia: se advierte al público que DLOCAL COSTA RICA es supervisada solamente en materia de prevención de legitimación de capitales, financiamiento al terrorismo y financiamiento de la proliferación de armas de destrucción masiva, y además se encuentra sujeta a disposiciones vinculantes de la Unidad de Inteligencia Financiera del Instituto Costarricense sobre Drogas. Por lo tanto, la SUGEF no supervisa en materia financiera a DLOCAL COSTA RICA, ni los negocios que ofrece, ni su seguridad, estabilidad o solvencia.

  • Credit and debit cards

    • Visa
    • Mastercard
  • Cash-based payments

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    • Banco Nacional
  • Bank Transfers

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    • Expres
    • BCR