Credit card market share in POS and e-commerce in 6 countries in Latin America

Published by
Raynor de Best,
Apr 2, 2025

Physical credit cards were popular for online shopping in Latin America in 2024, with the highest market shares found in Mexico and Brazil. Although the countries comparatively rank lower on credit card penetration than the rest of the world, the use of credit cards for online shopping is well established in the region. This likely due to providers like MercadoLibre, the Argentinian e-commerce company that is often compared to Amazon but for Latin America. In 2024, MercadoLibre generated a revenue of 11.4 billion U.S. dollars in Brazil alone.

Market share of credit cards in total value of e-commerce and point of sale (POS) payments in Latin America in 2024, by country

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Sources

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Release date

March 2025

Region

Argentina, Brazil, Chile, Colombia, Mexico, Peru

Survey time period

2024

Special properties

in 2022, the source stated it merged the categories of "credit cards" together with "charge/deferred debit cards".

Supplementary notes

The source placed Mexico under "Latin America", and kept Canada and the United States under "North America".

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Statistics on " Payments in Latin America "

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Other statistics that may interest you Payments in Latin America

Cash(less)

5

(Credit) cards

5

Issuers, acquirers, gateways

5

Alternative payment methods (APMs)

7

Cross-border payments

5

Remittances

7

Miscellaneous

7

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Topics

Digital payment trends across Latin America Mobile payments with digital walletsA2A (account-to-account) paymentsDigital payments landscape in ColombiaFinancial inclusion in Latin America
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