Market Overview

Latin America Online Payment Methods: Full Year 2017-2018 Analysis - ResearchAndMarkets.com

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The "Latin
America Online Payment Methods: Full Year 2017"
report has been
added to ResearchAndMarkets.com's offering.

Latin American online shoppers reflect concern for online payment
security.

Latin America Online Payment Methods: Full Year 2017, a new publication,
includes a survey reflecting the concern for payment security in online
purchase transactions of Latin American shoppers. The publication
synthesizes information on online payment in four major markets of the
region.

An indication of the concern for security in online payment throughout
the Latin American region is the fact that well over half of online
shoppers use authentication methods such as biometrics or SMS codes when
paying for purchases online. A survey cited in the new report reveals
that security issues outweigh the offered convenience of online payment.
Fraud-wary consumers in Brazil use a local bank method Boleto Bancario
and in Mexico, cash payment at OXXO convenience stores help avoid credit
card use directly on E-Commerce sites.

In spite of these concerns, credit cards still are the leading payment
method for online purchases in the Latin American region. Mexico
provides an exception to the leadership of credit card, as PayPal is
used more than plastic in that nation, according to research cited in
the report. Mobile payment is also catching on in the region. In 2017,
Latin America was second only to the Asia-Pacific region globally in the
percentage of Internet-connected purchasers using mobile payments.

Questions Answered in this Report

  • Which payment methods do consumers in Latin America's top markets
    prefer when buying online?
  • What is the attitude of online shoppers in Latin America towards
    payment security?
  • How is the use of mobile payments developing in this region?
  • What is the expected ROI for FinTech projects in Latin America
    compared to other regions?
  • What are the key trends and developments in online and mobile payments
    worldwide?

Companies Mentioned

  • Boleto Bancario
  • MasterCard Inc.
  • Oxxo S.A.
  • Paypal Inc
  • Samsung Pay Inc
  • Visa Inc.

For more information about this report visit https://www.researchandmarkets.com/research/52zmlx/latin_america?w=4

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