Penetration rate of wearable devices for payments in 7 countries Latin America 2024

Published by
Raynor de Best
,
Dec 5, 2024

About one out of three respondents across Latin America said they used a wearable device for payments in 2024. This is according to a survey conducted in seven different countries in the region that year. Argentinians respondents had the lowest ownership of wearable devices, while Ecuadorians respondents were more likely to use wearables for payments.

Share of consumers in Latin America who indicate they used a wearable device for payments in 2024

CharacteristicYes – it is the only thing I use when I canYes – I use it frequentlyYes – I use it occasionallyNo – but I do own such a deviceNo – I don’t own such a device
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Showing entries 1 to 9 (9 entries in total)

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Source

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Paysafe Group

Release date

August 2024

Region

Argentina, Brazil, Chile, Colombia, Ecuador, Central and South America, Mexico, Peru

Survey time period

May to June 2024

Number of respondents

6,500 respondents

Age group

18 years and older

Special properties

Consumers

Method of interview

Online survey

Supplementary notes

The source phrased the question as follows: "Do you use a wearable device for payments? Select one"

The results have been weighted to represent the entire population.

The source did not survey respondents from the Asia-Pacific region, the Middle East, or Africa.

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Statistics on " Digital payment types in Brazil "

Other statistics that may interest you Digital payment types in Brazil

Market share

6

Penetration

8

Biggest brands

7

Users

7

Transaction value

8

Number of transactions

7

Miscellaneous

7

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Topics

Digital payments landscape in BrazilMobile payments with digital walletsE-commerce in Latin AmericaE-commerce in BrazilA2A (account-to-account) payments
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