Start Processing Payments in Latin America
Latin America is no longer just an emerging market; it has become a powerhouse.
EBANX currently covers 14 markets in the region.
Global companies selling with EBANX in Latin America
Brazil
Brazil is the 7th largest economy in the world with a Gross Domestic Product (GDP) of U$2.4 trillion—equivalent to more than 40% of Latin America's economy. Brazil is the 7th largest consumer market in the world and by 2023 will be the 5th.
Source: Portal da Indústria
Most popular payment methods in Brazil
All of them are offered by EBANX unique payment platform.
Boleto Bancário
Credit and Debit cards
Digital Wallets
PIX
Bank Transfer
Mexico
With a population of almost 130 million, Mexico is among the 15 largest economies in the world and the second-largest economy in Latin America.
Most popular payment methods in Mexico
All of them are offered by EBANX unique payment platform.
OXXO Pay
SPEI
Credit and Debit cards
Digital Wallets
Argentina
With a Gross Domestic Product (GDP) of approximately US$610 billion, Argentina is the third largest economy in Latin America. After the pandemic, economic activity has recovered faster than expected, with an increase of 10.4% of GDP in 2021 and 5.2% in 2022, after a fall of 9.9% in 2020 in the context of the crisis unleashed by COVID-19.
Source: Worldbank
Most popular payment methods in Argentina
All of them are offered by EBANX unique payment platform.
Cupones de Pago
Credit and Debit cards
Digital Wallet - Mercado Pago
Colombia
The Republic of Colombia has the fourth largest economy in Latin America, with the third largest population with approximately 51.5 million inhabitants. Colombia is the 32nd largest market for eCommerce with a predicted revenue of US$10,064.5 million by 2023. Revenue is expected to show a compound annual growth rate (CAGR 2023-2027) of 9.6%, resulting in a projected market volume of US$14,520.9 million by 2027.
Source: Worldbank
Most popular payment methods in Colombia
All of them are offered by EBANX unique payment platform.
Credit and Debit cards
PSE (Pagos Seguros en Línea)
Nequi
Efecty
Digital Wallets
Chile
During the last two decades, Chile has been one of the fastest growing economies in Latin America. Chileans have a specific purchasing behavior, which is reflected in the way they make their payments.
Most popular payment methods in Chile
All of them are offered by EBANX unique payment platform.
Sencillito
Servipag
Multicaja
WebPay
Credit and Debit cards
Mach Pay
Efecty
Digital Wallets - Nequi
Peru
Peru is the 6th largest economy in Latin America with a predicted revenue of US$8,681.2 million by 2023, and a CAGR of 12% between 2023-2027. With an expected increase of 13.8% in 2023, the Peruvian eCommerce market contributed to the worldwide growth rate of 17.0% in 2023. 22% of e-commerce buyers only make purchases internationally and 33% of all e-commerce purchases are made using alternative payment methods.
Source: ecommercedb
Most popular payment methods in Colombia
All of them are offered by EBANX unique payment platform.
Via Baloto
Credit and Debit cards
PSE (Pagos Seguros en Línea)
Efecty
Digital Wallets
Nequi
Other Latam Markets to keep on your business radar
EBANX coverage across 14 countries in Latin America extends beyond the biggest. Our payment platform enables you to look at smaller markets with high e-commerce potential and offer the same superior payment experience and service as those with greater market share. This includes those deep into South America and the fast-growing economies across Central America. We offer unique payment solutions for the following:
