You are here: HomeSolutionsIndustriesConsumer Finance
print my pages

Global Briefing

Assessing the Payment Landscape in Latin America

Aug 2012

Price: US$2,000

About this Report

About this Report

The Latin American market has been one of the fastest-growing regions for card payment volume in recent years and is expected to be the second fastest-growing region over the period to 2017. The growth’s region has been aided by non-revolving products like debit and pre-paid cards. Like many emerging markets, cash remains king and accounts for more than half of the region’s total consumer payment transactions. The large unbanked population is a major driver of the high cash usage.


What this report includes

  • Up-to-the minute analysis of the latest trends in the industry
  • New product development, forecasts and other themes
  • Unique graphics and illustrated case studies
  • Most recent brand and company news
  • New insight into the size and shape of the market

Why buy this report

  • Clear, concise powerpoint format makes it easy to digest
  • Leading industry opinion keeps you abreast of latest news and trends
  • Forward-looking outlook on a category, market or issue affecting the industry
  • Latest five year forecasts assess how the market is predicted to develop
  • Understand the competitive environment, the leading players and brands

Table of Contents

Table of Contents

Introduction

Scope

Key findings

REGIONAL PERFORMANCE

REGIONAL PERFORMANCE

Regional Performance

Latin America posts fast growth rate for card payment transactions

Stages of card payment development across Latin America

Card payment slowly makes inroads into the popularity of cash

Brazil leads Latin America in absolute card payment growth

Card payment choice in Latin America remains dominated by credit

Consumers use debit for cash withdrawal rather than purchasing

Store cards are the first foray into financial mainstream for many

Issuers target wealthiest consumers through credit, not charge

Latin America market growth profiles

Market snapshot: Argentina and Brazil

Market snapshot: Chile and Colombia

Market snapshot: Mexico and Venezuela

Consumer Analysis

CONSUMER ANALYSIS

LATAM has one of the highest consumer expenditure growth rates

Consumer expenditure has grown robustly in Latin America

Latin American markets like Colombia lack a strong middle class

How the wealthiest of Latin Americans spend their money

Disposable income per capita in LATAM pales in comparison to US

Years of high inflation have crippled savings ratio in Latin America

Rapid economic growth leads to Chilean’s high indebtedness

A youthful population provides opportunities for economic growth

Growing 65+ segment leads to boost in travel and health products

Regional prospects

REGIONAL PROSPECTS

Regional Prospects

Latin America is projected to post the fastest card payment growth

Card payments and electronic transactions slowly gaining on cash

Debit will contribute the most absolute volume growth

A rise in the banked population is expected to spur card usage

Sample of effective non-industry efforts to improve financial literacy

Internet connectivity more likely via mobile phone than computer

Mobile likely to be the method to reach the unbanked population

Regional m-commerce landscape dominated by SMS payments

A high rate of fraud poses a problem in Venezuela

Newest laws are aimed at protecting consumers, improving literacy

Key trends to watch in Latin America in near term

Opportunities for those that understand the market

Definitions

Data parameters and report definitions

my pages

Want to find out more about this report?