Latin America Digital Commerce Market and Payment Innovations Insights 2024 - Latin America's E-Commerce Sector is Forecast to Surpass EUR 850 Billion by 2026
Wednesday, March 27, 2024
DUBLIN, March 26, 2024 /PRNewswire/ -- The "Latin America Digital Commerce: Market Insights and Payment Innovations 2024" report has been added to ResearchAndMarkets.com's offering.
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Real-time payments in Latin America are anticipated to exceed 100 billion transactions by 2027
Latin America's E-Commerce is experiencing a surge, with forecasts predicting substantial growth to surpass EUR 850 billion by 2026. This projection highlight Latin America's emergence as a key player in the global digital marketplace. Credit cards currently dominate the region's B2C E-Commerce transactions, accounting for over 40%, followed by Pix at approximately 10%. This indicates a notable expansion in digitalization and a changing payment landscape, offering diverse options to cater to consumer preferences.
Real-time payments in Latin America are also anticipated to experience significant growth, with a projected CAGR of around 30% between 2022 and 2027, reaching over 100 billion real-time payments by 2027. These transactions are expected to constitute more than 50% of total electronic payments in the region by 2027, reflecting a shift towards faster and more efficient transaction processing.
Latin America's rapid growth of BNPL services and real-time payments
Latin America's Buy Now Pay Later market is booming, with services projected to contribute more than EUR 5 billion to the region's total B2C E-Commerce payments value by 2025. In Brazil, BNPL gross merchandise volume is set to more than double from 2022 to 2028. These figures underscore the increasing popularity of BNPL services as a flexible and accessible payment option for consumers.
Furthermore, Brazil's real-time payment transactions are expected to experience a CAGR of over 30% from 2022 to 2027, reflecting the country's robust digital infrastructure and evolving consumer behavior towards real-time payment solutions. As Latin America continues its digital transformation journey, these forecasts emphasize the region's vast potential as a dynamic and rapidly evolving market for B2C E-Commerce and electronic payments.
Key Questions Covered
-- In Latin America, what is the projected growth rate of B2C E-Commerce
payment value?
-- How will payment methods evolve in Latin America's B2C E-Commerce by
2026?
-- How will the projected B2C E-Commerce and electronic payment growth in
Latin America impact its economic development?
-- How has Brazil's significance influenced Buy Now Pay Later (BNPL) from
2022 to 2028?
-- Which country in Latin America leads in real-time transactions, and what
is its forecasted CAGR by 2027?
Countries covered: Argentina, Brazil, Chile, Colombia, Dominican Republic, Mexico, Peru
Company Coverage: Ali Baba Group, Amazon, Apple, Dafitti, Elektra, EXPRESA, Falabella, Google, GoPass, iFood, IZIPAY, Magalu, Magazine Luiza, Mercado Libre, Nike, OnePay, PayU, Pex, Pix, Ripley, Samsung, Shein and Walmart
Key Topics Covered:
1. Management Summary
2. Latin America Digital Commerce Overview
2.1. B2C E-Commerce
2.1.1. Latin America Regional
-- B2C E-Commerce Market Trends, March 2024
-- B2C E-Commerce Market Size, is USD billion, 2020-2026f
-- Retail E-Commerce vs Non-E-Commerce Sales Growth, in % of Year-On-Year
Change, 2020-2027f
-- Breakdown of B2C E-Commerce Market Volume, by Sector, in %, 2023e
-- Cross-Border B2C E-Commerce Sales, is USD billion, 2020-2026f
-- Share of Cross-Border Making Up Total B2C E-Commerce Volume, in %, 2023e
& 2026fDomestic B2C E-Commerce Volume, is USD billion, 2022-2026f
-- Breakdown of B2C E-Commerce Sales, by Payment Methods, in %, 2023e
-- Number of New Shoppers, incl. "Online", by Country, in millions, 2030f
-- Most Important Factors When Shopping Online, in % of Online Shoppers,
2023e
-- Share of Respondents Who Have Purchased a Product Via Social Media Site,
in %, 2023e
-- Share of Social Media Shoppers Who Purchased Directly On the Social
Media Site, in %, 2023e
-- Share of Social Media Shoppers Who Purchased Via Social Media Through a
Link Leading to Brand's Website, in %, 2023e
-- Breakdown of Top B2C E-Commerce Sites, by Type, in % of Online Shoppers,
2023e
-- B2C E-Commerce Player Overview, March 2024
-- Top B2C E-Commerce Websites in Selected Countries, by Visits in
millions, Bounce Rate in %, Pages Per Visit, and Average Visit Duration,
February 2024
2.2. Omnichannel Commerce Trends
3. Emerging Trends in Latin America Digital Payments
3.1. Digital Payment Forecasts 2023-2027
3.2. Online Payment Methods
3.3. POS Payment Methods
3.4. Buy Now Pay Later
3.5. Fraud and Security in Online Payments
3.6. In-Car Payment
For more information about this report visit https://www.researchandmarkets.com/r/4dd6kw
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