拉丁美洲付款方式分析報告-外文版培訓課件2024.7temu

COUNTRIES

&

REGIONSPaymentsinLatinAmericaCHAPTER

01Cash(less)Shareofcashintotaltransactionvalueatpointofsale(POS)insixcountriesinLatinAmericain2017,2018,2020,2021,2022,and2023Shareofcashinin-storepaymentsin6countriesinLatinAmerica2017-2023Mexico76%71%45%41%39%38%Peru-Colombia55%Argentina44%Brazil52%47%35%32%26%22%Chile-20172018202020212022202360%44%41%37%35%78%54%51%31%27%23%22%34%37%42%34%36%28%34%27%4Description:CashusageinLatinAmericadeclinedacrosssixdifferentcountries,althoughMexicoandPerureliedmoreoncashin2022thanBrazilorChile.Thisisaccordingtoamodelcreatedtomeasuretheshareofcashinoverallpaymentstransactionsinphysicalbrickandmortarstores.Theshareofcashisbasedontransactionvalue,orhowmuchmoneywasactuallypaid.Officialfiguresoncashoftendonotexist,ascoinsandpapermoneyareoftennottracked.Arelativelynewfieldofresearch[...]

ReadmoreNote(s):Argentina,Brazil,Chile,Colombia,Mexico,Peru;March2024Source(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayPreferredpaymentmethodsforitemswithasmallordersizeinPOSpurchasesandonlineshoppinginLatinAmericain2022TopPOSande-commercepaymentmethodsforsmall-ticketitemsinLATAM2022In-personOnline0.5%0.45%0.4%46%0.35%0.3%28%28%0.25%0.2%22%18%16%16%0.15%0.1%8%6%4%3%0.05%0%1%1%0%0%Directdebit0%BanktranferCashDebitcardCreditcardDigitalwalletA2AappsOther(Checks,cryptocurrency,pre-paidvouchers,banks’apps,BNPL)5Description:LatinAmericanconsumerspreferredcashforsmall-ticketin-personpurchases,buttypicallyusedcreditcardsinonlineshopping.ThisisaccordingtoaconsumersurveyheldinAugustandSeptember2022,thataskedconsumersin13countriesworldwideabouttheirpaymentpreferences.ThesourcedoesnotclarifyhowmanyandwhichofthesecountriescomefromLatinAmerica.Thereisalsonoindicationofhowbigasmall-ticketpurchaseexactlyis.Nevertheless,thesourceaddsthat[...]

ReadmoreNote(s):LAC;August10,2022toSeptember19,2022;16,172respondents;Customerswithbankaccountsin13countries,enrichedwithavideosurveyin3countries;Respondentswereaskedabouttheirprimarypaymentmethod,multipleanswerswerenotpossible;Missingpercentagepointsto100percentareprobablyduetorounding.?Source(s):Accenture;GlobalData;UKFinancePreferredpaymentmethodsforitemswithabigordersizeinPOSpurchasesandonlineshoppinginLatinAmericain2022TopPOSande-commercepaymentmethodsforbig-ticketitemsinLATAM2022In-personOnline0.6%0.5%0.4%0.3%0.2%0.1%0%52%50%25%15%12%11%11%8%5%5%3%A2Aapps2%1%0%0%Directdebit0%BanktranferCreditcardDebitcardCashDigitalwalletOther(Checks,cryptocurrency,pre-paidvouchers,banks’apps,BNPL)6Description:LatinAmericanconsumersoverwhelminglypreferredcreditcardsforbig-ticketpurchasesin2022,betheyinface-to-facesituationsorinonlineshopping.ThisisaccordingtoaconsumersurveyheldinAugustandSeptember2022,thataskedconsumersin13countriesworldwideabouttheirpaymentpreferences.ThesourcedoesnotclarifyhowmanyandwhichofthesecountriescomefromLatinAmerica.Thereisalsonoindicationofhowlargeabig-ticketproductorserviceexactlyis[...]

ReadmoreNote(s):LAC;August10,2022toSeptember19,2022;16,172respondents;Customerswithbankaccountsin13countries,enrichedwithavideosurveyin3countries;Respondentswereaskedabouttheirprimarypaymentmethod,multipleanswerswerenotpossible;Missingpercentagepointsto100percentareprobablyduetorounding.?Source(s):Accenture;GlobalData;UKFinanceDistributionofthee-commercetransactionvalueinselectedLatinAmericancountriesin2023,bypaymentmethodE-commercepaymentmethodbreakdowninLatinAmerica2023,bycountryDigitalWalletsCreditcardsDebitcards+PrepaidcardsAccount-to-Account(A2A)CashonDeliveryBuyNowPayLaterOthers1%0.9%0.8%0.7%0.6%0.5%0.4%0.3%0.2%0.1%0%ArgentinaBrazilChileColombiaMexicoPeru7Description:In2023,creditcardsconstitutedover30percentofalle-commercetransactionvalueinArgentina.InPeru,theyrepresentedapproximatelytenpercentofonlinetransactions.Furthermore,theinstantpaymentplatformPixhassurgedinpopularity,leadingtoasignificantriseinaccount-to-account(A2A)transfers,whichhavebecomethesecondmostfavorede-commercepaymentmethodinBrazil.ReadmoreNote(s):2023Source(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayExchangerateofselectedLatinAmericancurrenciestotheU.S.dollar(USD)fromJanuary2023toJune2024DailyFXrateoffivecurrenciesinLatinAmericaagainsttheUSDin20241

USD

in

Argentine

peso(ARS)1

USD

in

Brazilian

real(BRL)1

USD

in

Chilean

pJun11,2024Jun10,2024Jun07,2024Jun06,2024Jun05,2024Jun04,2024Jun03,2024May31,2024May30,2024May29,2024May28,2024May27,2024902.17901.17899.08898.55.365.325.245.3898.25896.92896.42895.25894.25893.75893.25892.755.275.275.255.25.25.175.165.178Description:Onedollarwasworthabout18Mexicanpesosinthemiddleof2024,whichwasstrongerthanothercurrenciesinLATAM.AmongtheLatinAmericancurrenciesshowninthisgraph,theColombianpeso(COP)wasfoundtoexperiencethegreatestnominalchangeintheindicatedperiod,surpassingthemarkof3,900ColombianpesosforeveryU.S.dollarinJune2024.ReadmoreNote(s):January1toSeptember6,2021;Thenamesunderneaththegraphicareinteractive:Clickingonthemeitheraddsorremovesthatparticularcurrencyfromthegraphic;UnitsofCOP,CLP,ARS,MXNorBRLperU.S.dollarSource(s):BankforInternationalSettlements;RefinitivCHAPTER

02(Credit)cardsShareofadultpopulationwhoownedorusedacreditcardinselectedcountriesinLatinAmericain2021Creditcardownershipandusagein17countriesinLatinAmericain2021ShareofrespondentsCreditcardusage(%)15%Creditcardownership(%)20%

25%0%5%10%30%35%40%45%35.63%36.55%BrazilUruguayArgentinaChileVenezuelaEcuadorCostaRicaColombiaPeru40.43%32.98%25.77%24.28%28.89%19.19%18.54%5.4%9.92%14.8%11.48%14.12%13.2%10.51%10.65%12.9%8.36%BoliviaJamaicaDominicanRepublic12.64%5.78%7.2%11.81%10.65%10Description:TheshareofadultpeoplewhousedacreditcardinvariedsignificantlyacrossthedifferentcountriesinLatinAmerica.Thatyear,approximately37percentofadultsinUruguayclaimedtohaveusedacreditcardinthepastyear,againstonlyninepercentofPeruvianadults.ReadmoreNote(s):AugusttoNovember2021;approx.1,000percountry;15yearsandolder;Entirecivilian,noninstitutionalizedpopulation;Thefiguresshownarefromaglobalsurveyheldevery3years.Thedatafor2021isthemostrecentavailableasofthemidof2022.Source(s):WorldBankMarketshareofcreditcardsintotalvalueofe-commerceandpointofsale(POS)paymentsinLatinAmericain2022,bycountryCreditcardmarketshareinPOSande-commercein6countriesinLatinAmericaE-commercePOS0.45%0.4%0.35%0.3%0.25%0.2%0.15%0.1%0.05%0%LatinAmerica(includingMexico)BrazilArgentinaPeruChileMexicoColombia11Description:PhysicalcreditcardswerepopularforonlineshoppinginLatinAmericain2022,withthehighestmarketsharesfoundinBrazilandArgentina.Althoughthecountriescomparativelyrankloweroncreditcardpenetrationthantherestoftheworld,theuseofcreditcardsforonlineshoppingiswellestablishedintheregion.ThislikelyduetoproviderslikeMercadoLibre,theArgentiniane-commercecompanythatisoftencomparedtoAmazonbutforLatinAmerica.In2022,MercadoLibre[...]

ReadmoreNote(s):Argentina,Brazil,Chile,Colombia,Mexico,Peru;2022;in2022,thesourcestateditmergedthecategoriesof"creditcards"togetherwith"charge/deferreddebitcards".Source(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayNumberofcreditcardsinselectedLatinAmericancountriesfrom2018to2022(inmillions)Annualnumberofcreditcardsin8countriesinLatinAmerica2018-20222018201960.57226.917.1716.052.72202061.01257.5213.9914.620212022ArgentinaBrazil62.46184.3317.8915.292.6154.4754.17367.95431.13Chile--ColombiaCostaRicaDominicanRepublicMexico15.5316.172.45--2.542.662.45-28.02--29.69-27.467.3228.596.9527.686.32Peru12Description:Brazil'snumberofcreditincirculationfaroutrankedthosefoundinothercountriesinLatinAmerica.Itsroughly400millioncreditcardswasonlyfollowedbyArgentinawithapproximately54millioncards.BrazilalsoboaststhehighestcreditcardownershipinallofLatinAmerica.ReadmoreNote(s):2018to2022;Allfigureshavebeengatheredfromindividualsources,asLatinAmericadoesnotofferaunifieddatabasetolookupsuchinformation.Source(s):AnalistasFinancierosInternacionales;BancoCentraldeChile;BankforInternationalSettlements;BCCR;BCRA;CentralBankofBrazil;CentralBankoftheDominicanRepublic;Minsait;SuperintendenciaFinancieradeColombiaShareofadultpopulationwhoownedorusedadebitcardinselectedcountriesinLatinAmericain2021Debitcardownershipandusagein17countriesinLatinAmericain2021ShareofpopulationDebitcardusage(%)30%Debitcardownership(%)40%

50%0%10%20%60%70%80%90%69.67%68.01%ChileVenezuelaUruguay78.8%75.58%49.15%45.47%66.28%65.95%Brazil37.46%37.53%ArgentinaCostaRicaJamaica54.89%52.58%25.15%46.7%44.21%13.97%15.64%BoliviaEcuadorPeruPanama38.27%18.32%18.64%35.66%31.53%29.32%12.33%DominicanRepublic13Description:Theshareofadultpeoplewhoownedadebitcard-butalsoactuallyusedone-variedsignificantlyacrossLatinAmerica.In2021,approximately70percentofadultsinChileclaimedtohaveusedacreditcardinthepastyear,againstonly15percentofColombianadults.ReadmoreNote(s):Argentina,Bolivia,Brazil,Chile,Colombia,CostaRica,DominicanRepublic,Ecuador,ElSalvador,Honduras,Jamaica,Nicaragua,Panama,Paraguay,Peru,Uruguay,Venezuela,LAC;AugusttoNovember2021;Entirecivilian,noninstitutionalizedpopulation;Thefiguresshownarefromaglobalsurveyheldevery3years.Thedatafor2021isthemostrecentavailableasofthemidof2022.Source(s):AMI;WorldBankDistributionofpaymentcards-creditcardsordebitcards-andotheralternativedigitalpaymentmethodsine-commerceinLatinAmericain2023,bycountryCardandalternativepaymentshareine-commercein15countriesLatinAmerica2023EstimatedshareoftransactionvalueOther(alternative)digitalpaymentmethods20%

30%

40%Creditcardsand/ordebitcards0%10%50%60%70%80%90%100%11%13%14%16%18%EcuadorPanamaDominicanRepublicGuatemalaCostaRicaPeru89%87%86%84%82%21%79%25%25%BoliviaChileArgentinaUruguayMexicoParaguay75%75%32%32%68%68%34%34%66%66%14Description:Walletsandotheralternativepaymentmethodswereusedthemostine-commerceinColombiaandBrazil,whilepaymentcardsweremostoftenusedinEcuador.Thisisaccordingtoadistributionofe-commercespendingin15differentcountriesinLatinAmerica,separatedbycardsasopposedtoothernon-carddigitalpaymentmethods.The50percentmarketshareforalternativepaymentsinBrazilisduetothesizablegrowthofPix.LatinAmericansacrossmultiplecountriesuse(credit)[...]

ReadmoreNote(s):Argentina,Bolivia,Brazil,Chile,Colombia,CostaRica,DominicanRepublic,Ecuador,ElSalvador,Guatemala,Mexico,Panama,Paraguay,Peru,Uruguay;2023;thesourcelistedthefollowing"alternative"digitalpaymentmethods:Cashvouchers,digitalwallets,Pix,banktransfers,buynow,paylater(BNPL),and"othermethods"Source(s):PaymentsandCommerceMarketIntelligence(PCMI)(PCMIE-commerceDataLibrary)CHAPTER

03Issuers,acquirers,gatewaysMarketshareofVisa,Mastercard,AmericanExpress,DinersClubasgeneralpurposecardbrandsinLatinAmericafrom2009to2022,basedonnumberoftransactionsVisa,Mastercard,Amex,DiscovermarketshareagainsteachotherinLATAM2009-2022VisaMastercardAmericanExpressDiners/Discover1.2%1%1%0.3%0%2%0.2%1.7%0%2%1.4%1%1%1%1%1%1%3%2.3%6.5%8%8%8%7%7%7%30%0.8%0.6%0.4%0.2%0%29.3%42%40.7%40%30%31%33%41.6%32%34%36%67%62.9%200961%60%59%59%58%58%57.4%202156%55.8%201956%20122013201420152016201720182020202216Description:In2022,VisastillhadthemajorityofallgeneralpurposecardpaymentswithintheLatinAmericaregion-althoughitsmarketshareremainedrelativelyunchanged.Mastercardfollowed,accountingforabout40percentofthepurchasevolumeintheregionthatyear.Thisissomewhatofadeclineofitspositionasbetween2018and2019MasterCard'smarketshareincreasedinfavorofthatofAmericanExpress.In2022,BrazilwastheLatinAmericancountrywiththehighestnumberofcreditcards.

ReadmoreNote(s):2009to2022;figuresincludeinternationalcredit,debit,andprepaidcards.NotethatdomesticcardbrandsarenotincludedSource(s):TheNilsonReportTotalvalueofcreditcardanddebitcardpaymentsinselectedcountriesinLatinAmericainvolvingtheVisa,Mastercard,andAmericanExpresscardschemesin2022Visa,Mastercard,AmextransactionvalueinsixcountriesinLatinAmericain2022VisaMastercardAmerican

Express

(AmBrazil$157.00bn$192.48bn$103.74bn$38.95bn$25.87bn$52.28bn$258.28bn$105.56bn$43.76bn$51.00bn$27.79bn$5.35bn$0.00$9.31$8.10$0.93$0.96$1.19MexicoArgentinaColombiaChilePeru17Description:VisawasprocessedthemostinMexico,whereasMastercardrecordeditshighesttransactionvalueinBrazilwhenlookingexclusivelyinsideLatinAmerica.ThisisaccordingtoestimationscalculatedbyfromnumbersthatfirsttriedtoestablishthemarketsizeofdomesticPOSandonlinemarkets,andthatwerethenusedtocalculatethemarketshareofspecificpaymentmethodsandbrands.Forthisstatistic,thefocusisexclusivelyonthethreemajorcardbrands-Visa,Mastercard,and[...]

ReadmoreNote(s):Argentina,Brazil,Chile,Colombia,Mexico,Peru,LAC;March2024;FigurescoverbothPOS(offline)ande-commerce(online)transactionsSource(s):GlobalData;WorldpayTotalnumberofgeneralpurposecardtransactionsinLatinAmericafrom2018to2022(inbillions)Visa,Mastercard,AmextransactionnumberinLatinAmerica2018-2022VisaMastercardAmericanExpressDiners/Discover20.883025201510527.0919.0614.9914.914.7913.1111.211.29.080.5520180.6120190.520200.6220210.7920220.090.090.10.080.1018Description:In2022,morethan27billionpurchasesweremadewithVisainLatinAmerica.Meanwhile,Mastercardtrasactionsamountedto19billion.In2022,BrazilwasthecountrywiththehighestnumberofcreditcardsinLatinAmerica.In2022,VisastillhadthemajorityofallgeneralpurposecardpaymentswithintheLatinAmericaregion-althoughitsmarketshareremainedrelativelyunchanged.ReadmoreNote(s):April2023;figuresincludeinternationalcredit,debit,andprepaidcards.Source(s):TheNilsonReportLeadingpaymentcardprocessorsformerchants-merchantacquirers-inLatinAmericafrom2017to2021,basedonnumberoftransactionsprocessed(inbillions)BiggestmerchantacquirersLatinAmerica2017-2021,basedonnumberoftransactionsCielo(Brazil)Transbank(Chile)BBVA(Mexico)Rede(Brazil)PagSeguro(Brazil)PrismaMediosdePago(Argentina)Getnet(Brazil)StoneCo(Brazil)Other353025201510502017201820192020202119Description:ThebiggestmerchantacquirersinLatinAmericalargelycomefromBrazil,withthreeprocessorsconsistentlyprocessingthemostcardpaymentsacrosstheregion.Thethreecompanies-Cielo,Rede,andGetnet-arejoinedbyseveralPagSeguroandStoneCoinarankingthatdisplaysafractionof45differentbanksand/orprivatecompanieswithabankinglicensethatenablecardpaymentsformerchants.ItisnotsurprisingthatmostoftheseacquirersarefromBrazil.Thecountryhasthe[...]

ReadmoreNote(s):Argentina,Brazil,Chile,Mexico,LAC;October2022;VisaandMastercardtransactionsonly;Figuresincludecredit,debit,andprepaidcardsSource(s):TheNilsonReportMarketsizeofpaymentgatewaysinselectedcountriesworldwidein2023(inbillionU.S.dollars)Paymentgatewaymarketsizeinvariouscountriesworldwide2023NorthAmericaEuropeAsia-PacificMiddleEast,AfricaLatinAmerica45403530252015105020Description:ThemarketforpaymentgatewayswassignificantlylargerintheUnitedStatesthaninotherpartsoftheworld,accordingtoadatamodelfor2023.Thismodelcomesfromthe"GlobalPaymentGatewayMarket(2023-2032)"reportfromExtrapolate.Notethatonlycertainindividualcountrieshadfiguresavailabletothem.Nofigureswereprovided,forexample,onIndonesia,HongKong,NigeriaorAustralia.PaymentgatewaysrefertoservicessuchasStripe,Braintree,Adyen,Square,or[...]

ReadmoreNote(s):Argentina,Brazil,Canada,China,France,Germany,Italy,Japan,SaudiArabia,SouthAfrica,Spain,UnitedArabEmirates,UnitedKingdom,UnitedStates;April2023;Allnumbersprovidedareforcasts;Formoreinformationonthemethodology,seethe"Details"tabSource(s):ExtrapolateCHAPTER

04Alternativepaymentmethods(APMs)Marketshareofdigital/mobilewalletsintotale-commerceandPOStransactionvalueworldwidein2023withaforecastfor2027,byregionDigitalwalletshareine-commerceandPOSin2023witha2027forecast,byregionWorldwideAsiaPacificEuropeLatinAmericaMiddleEast&Africa77%NorthAmerica0.9%0.8%0.7%0.6%0.5%0.4%0.3%0.2%0.1%0%70%66%61%51%46%50%50%40%37%23%34%33%31%30%30%29%28%27%21%18%15%15%13%2023-E-commerce2023-POS2027-E-commerce2027-POS22Description:DigitalwalletsweresignificantlymoreusedinAsia-Pacificthaninotherpartsoftheworldin2023.Walletsaccountedforalmost70percentofe-commercepaymentsintheregion,morethanroughly20percentinbothLatinAmericaandMEA.Walletsaccountedforlessthan?halfofglobale-commercepaymenttransactions,whichwillincreaseto61percentin2027.ReadmoreNote(s):Worldwide;March2024Source(s):GlobalData;IMF;McKinsey&Company;WorldBank;WorldpayMarketsizeofmobilewallettransactionsinvariousregionsworldwidein2020withforecastsfrom2021to2025(inbillionU.S.dollars)Globalmobilewalletmarketsizein2020withforecaststo2025,byregionFarEast&ChinaNorthAmericaEuropeLatinAmericaRestoftheworld(ROW)10,0009,0008,0007,0006,0005,0004,0003,0002,0001,000020202021202220232024202523Description:UseofappslikeApplePayorGooglePayinNorthAmericaisbelievedtodoublebetween2020and2025,althoughAsia'smarketsizewillbesignificantlylarger.Thisaccordingtoforecastsonthevalueofconductedtransactionswiththispaymenttechnology.MobilewalletsincludebutarenotnecessarilythesameasNFCorcontactlesswallets:thefiguresshownareonappssuchasPayPalorGoogleWalletthatallowconsumerstouploadcreditcardordebitcarddetailstotheirphoneto[...]

ReadmoreNote(s):Worldwide;March2021;ThesourcedidnotprovideadditionalinformationforregionslikeAfricaorMENA.Itisassumedtheseareincludedinthe"Restoftheworld(ROW)"region.Source(s):JuniperResearchBrandswiththehighestnumberofA2ApaymentstransactionspermonthinLatinAmericain2023(inmillions)BiggestA2ApaymentsbrandsinLatinAmericain2023,basedonnumberoftransactionsMonthlytransactioncountinmillions1,500

2,00005001,0002,5003,0003,500Pix(Brazil)Yape(Peru)3,238.79220PSE(Colombia)

51PLIN(Peru)

20MACH(Chile)CoDi(Mexico)24Description:ThenumberofmonthlytransactionsperformedwithBrazil'sPixweresignificantlyhigherthanotherA2ApaymentmethodselsewhereinLatinAmerica.TheBrazilianwallet–developedandmoderatedbythecountry'scentralbank,utilizingareal-timepaymentsrail–wasreleasedinlate2020,andsawitsnumberoftransactionsincreaseby300percentbetweenlaunchand20Note(s):Brazil,Chile,Colombia,Mexico,Peru,LAC;October2023;Thefiguresprovidedhavebeencollectedandcalculatedbyformoreinformation;NofigureswereavailableforArgentinaandEcuador.Source(s):CentralBankofBrazil;NationalWorksandPublicServicesBank(Mexico);VarioussourcessbelievedthatA2Apayments,oraccount-to-accountpayments–electronicpaymentsmadedirectlyfrom[...]

Readmorefromvariousdomesticsources.Allfigureswerereportedatvarioustimes,andmaynotbedirectlycomparable.Seethe“Details”tabShareofrespondentsworldwidewhousedA2ApaymentsineitherPOSoronlinepaymenttransactionsatleastfivetimespermonthin2022,byregionA2ApaymentsadoptioninPOSore-commerceworldwide2022,byregionWorldwideAsia-PacificEurope31%LatinAmericaNorthAmerica0.4%0.35%0.3%35%28%26%0.25%0.2%22%22%20%17%0.15%0.1%13%12%10%10%9%6%5%0.05%0%A2AappsBanktransfersDirectdebit25Description:A2AappswereamorepopularpaymentmethodforconsumersinLatinAmericathaninotherpartsoftheworldinlate2022.ThisisaccordingtoaconsumersurveyheldinAugustandSeptember2022,askingfordifferentkindsofpaymentmethods.A2Aoraccount-to-accountpaymentsreferstodirectpaymentsfromonepartytotheotherwithouttheneedforanintermediary.SuchintermediariesarecardrailsfromthelikesofVisaandMastercard.AnimportantexampleofanA2A[...]

ReadmoreNote(s):Worldwide;August10,2022toSeptember19,2022;16,172respondents;Customerswithbankaccountsin13countries,enrichedwithavideosurveyin3countries;Multipleanswerswerepossible,respondentswhorepliedwith“banktransfer”,“directdebit”,or“A2Aapps”Source(s):Accenture;GlobalData;UKFinanceMarketshareofbuynow,paylater(BNPL)indomestice-commercepaymentsin41countriesandterritoriesworldwidefrom2016to2023Buynow,paylater(BNPL)shareine-commercein41countriesworldwide2016-202320160.4%12%3%5%%20191.6%25%18%13%8%20202.1%23%19%15%10%7%20213%20225%20235%GlobalSweden25%20%18%11%9%24%23%18%14%14%13%12%13%10%8%21%21%15%15%13%13%12%11%11%7%GermanyNorwayAustraliaBelgium5%%6%Finland8%12%8%13%12%12%10%6%DenmarkNetherlandsNewZealandUnitedKingdom(UK)Italy5%6%%7%8%9%%10%5%1%%3%1%2%4%6%6%Canada%%%3%6%5%26Description:In2022,eightoutof10topglobalbuynow,paylater(BNPL)marketsworldwidewereinnorthwesternEuropeasconsumerslookedfornewe-commercepaymentmethods.ThemarketshareofBNPLservicesindomestice-commercepaymentsinbothSwedenandGermanywasaroundtentimeshigherthanthesamemarketshareinglobale-commercepayments.ThepopularityofSweden'sBNPLproviderKlarnamaybeattheheartofthis,oneofthemostusedonlinepaymentmethods[...]

ReadmoreNote(s):Worldwide;2016,2019,2020,2021,2022,2023;ThefigureshavebeengatheredbySource(s):GlobalData;IMF;McKinsey&Company;WorldBank;Worldpayfromseveralpublications,formoreinformationseethe"Details"tab.Marketsizeofcontactlesspaymentsinvariousregionsworldwidein2020withforecastsfrom2021to2024(inbillionU.S.dollars)GlobalNFCpaymentvaluein2020withforecaststo2024,byregionFarEast&ChinaNorthAmericaEuropeLatinAmericaRestoftheworld(ROW)1,8001,6001,4001,2001,00080060040020002020202120222023202427Description:PayingwithNFC-swipingapaymentcardorasmartphoneoverareader-isexpectedtotripleinmarketsizeinEuropebetween2020and2024.However,thisparticularregionisbelievedtobeeventuallyoutperformedbyLatinAmericaorthe'restoftheworld'region.OnereasonforthiscouldbethesplinteredapproachinEuropewhenitcomestopayments,assignificantdifferenceswereobservedincontactlesspaymentadoptionbetweenthevariousEuropeancountries.Anothercouldbe[...]

ReadmoreNote(s):Worldwide;March2021;RetailpaymentsSource(s):JuniperResearchMarketsizeofQRcodetransactionsinvariousregionsworldwidein2020withforecastsfrom2021to2025(inbillionU.S.dollars)GlobalQRpaymentmarketsizein2020withforecaststo2025,byregionFarEast&ChinaNorthAmericaEuropeLatinAmericaRestoftheworld(ROW)3.02.52.01.51.00.50.020202021202220232024202528Description:QRcodeswereusedmoreinEuropethaninLatinAmericain2020,buttheLATAMregionisexpectedtohaveovertakenEuropemarkedlyin2025.However,forecastspredictthattheAmericas-includingNorthAmerica-willnotcomeclosetothemarketsizeofQRtransactionsintheFarEast&China.TheuseofblackboxpatternsforpaymentswasnotacommonpracticeineithertheUnitedStatesortheUnitedKingdom(UK),asa2020survey?foundaclearminorityofQRcodeusers[...]

ReadmoreNote(s):Worldwide;March2021;RetailtransactionsSource(s):JuniperResearchCHAPTER

05Cross-borderpaymentsDistributionofcross-bordervs.domestice-commerceinLatinAmericain2023,bycountryCross-bordervs.domestice-commerceinLatinAmericain2023,bycountryE-commercespendshareCross-border40%Domestic50%0%10%20%30%60%70%80%90%100%ElSalvadorPeruGuatemalaBolivia74%73%73%26%27%27%67%64%33%36%PanamaEcuador56%56%44%44%DominicanRepublicCostaRicaUruguay49%51%41%59%ParaguayChile23%23%22%77%77%78%Mexico30Description:In2023,ElSalvadorwasthecountrywithhighestcross-bordere-commercespendinginLatinAmerica.Only26percentofthecountry'se-commercespendingaddresseddomesticonlineretailers.Argentinashowedtheoppositetrend,withcross-borderaccountingforjustthreepercentofthenationale-commerceexpenditure.ReadmoreNote(s):LAC;August2023;thesourcecombinedvarioussourcestogether.Missingcountriesareprobablybecausethesourcedidnotincludetheminitsres