Payment habits in LatAm | Processing.news

Country

October 30, 2025

Brazil

Brazil, the largest country in Latin America with a population of over 215 million people, is a diverse and rapidly growing economy. Known for its agriculture, energy, mining, manufacturing, and services sectors, Brazil is a regional trade leader and a key player in global commodity markets and international commerce. The economy is evolving with increasing focus on technology, digital finance, e-commerce, and fintech innovation.

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Country

October 30, 2025

Chile

Economic and Financial Transformation in Chile‍. In recent years, Chile’s economy has experienced steady growth, supported by its diverse natural resources and a robust technology sector. This progress has reshaped the financial landscape, with traditional payment methods like cash and checks gradually giving way to electronic payments, digital wallets, and mobile banking platforms.

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Country

October 30, 2025

Peru

‍Peru is the fifth-largest online market in Latin America and has seen a significant increase in internet users in recent years. However, a large percentage of citizens remain unbanked, with only 47.9% of the adult population having bank accounts in 2019. Credit cards are widely accepted in major Peruvian cities for purchases such as hotel and restaurant bills, supermarkets, and tours booked with larger tour operators. However, cash is still the preferred method of payment for small transactions such as taxi fares, entrance fees, and purchases in small shops and markets. It's important to have enough coins and bills in small denominations, as well as an ID or passport on you as it might be checked.

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Country

October 31, 2025

Ecuador

Credit card are one of the most common payment method in Ecuador. Credit and debit cards cover a transaction share over 65%. Other widely used options are e-wallets and cash payments share 14% and 21% is cash. Tourists should notify their bank executive about their upcoming travel to Ecuador, so the international use of their card is activated.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

November 5, 2025

Colombia

Cash is still the most widely used payment method in Colombia, but credit and debit cards are becoming increasingly popular, especially for online purchases.E-commerce purchases in Colombia are increasingly being paid for by card.However, bank transfer and digital wallets are less popular, used for 16 percent and 13 percent of online checkouts, respectively.In addition to credit/debit cards and bank transfer, cash-based payment methods are also popular in Colombia, such as Baloto and Boleto Flash.

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Country

November 5, 2025

Mexico

Use the Wise debit card to spend in Mexico without rip-off fees. Withdraw money, pay for meals in restaurants or spend in shops in Mexican peso, all at the real exchange rate with the Wise debit card. There are three forms of electronic payments that shoppers in Mexico choose most often: payments made through OXXO, SPEI, Mercado Pago, and PayPal…. Each of these electronic or mobile payment methods varies slightly.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 31, 2025

Costa Rica

Costa Rica, a Central American country with a population of approximately 5.2 million people, has developed a stable and resilient economy supported by strong institutions, democratic governance, and growing digital innovation. Known for its tourism, agriculture, technology, and services sectors, Costa Rica is increasingly recognized as a regional hub for e-commerce, fintech, and digital finance.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 31, 2025

Argentina

Argentina, the second-largest country in South America with a population of over 45 million people, is a diverse and resource-rich economy. Known for its agriculture, energy, manufacturing, and services sectors, Argentina plays a key role in regional trade and global commodity markets. Its economy is evolving with a growing focus on technology, e-commerce, and digital finance.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Country

October 30, 2025

Uruguay

Uruguay, a small South American country located between Brazil and Argentina, is known for its political stability, high standard of living, and progressive social policies. With a population of approximately 3.5 million people, Uruguay has developed a diverse and resilient economy, supported by strong institutions and a well-functioning democracy.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

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Chile

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Ecuador

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Costa Rica

Argentina

Uruguay