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Strategy Briefing

Financial Cards and Payments in Latin America

Aug 2019

US$1,325

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About This Report

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

This regional briefing encompasses the trends and drivers behind the performance of consumer payments in Latin America, with focus on card payments and cash transactions. The growth of debit and pre-paid transactions at the expense of cash transactions denotes that Latin Americans are gradually becoming more familiar with the security of non-cash transactions, especially for low-ticket purchases.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Key findings

Economic setbacks impair consumer payments

Economic turmoil prevented consumer payments from growing as aggressively as in previous years of the review period, amidst a scenario of constricted consumer expenditure, impairing payment transactions as a whole. Also, cash still holds the largest portion of consumer payments in the region. Still, the growth in banked population is expected to help convert cash transactions into card payments.

Card payments growing at the expense of cash

Increased access to the internet and declines in the unbanked population help drive card payments, mainly at the expense of cash. Cash transactions are used more frequently for lower ticket transactions and have been suffering with competition from debit cards and pre-paid cards for lower-ticket transactions in the later portion of the review period.

Store cards lose ground to credit cards

However, store cards of large retail chains have been replaced co-branded personal credit cards, that typically offer more benefits and represent an opportunity for large issuers to diversify their portfolio.

Digital commerce to help drive card payments

Growing penetration of internet usage partnered with consumers becoming gradually more confident about the safety of those transactions, enable aggressive growth of retailing digital channels. This is expected to favour card payments, mainly because the former are often seen as a more convenient way of paying online.

Gradual economic recovery to favour consumer payments

Consumer payments is expected to post positive performance over the following years, supported by gradual economic recovery that is expected to drive consumer expenditure. However, it is worth noting that economic recovery is expected to come later than previously anticipated in the largest regional markets.

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Introduction

Scope

Key findings

Regional Overview

Economic setbacks prevented consumer payments from growing stronger

Large portion of unbanked population still impairs performance of cards

Consumer payments expected to grow after significant pullback in 2018

Card payments to recover solid growth sustained by economic recovery

Although still relevant, cash loses ground to technological methods

Debit cards help drive card payments at the expense of cash

Investments in financial inclusion contribute to card-based payments

Store cards suffer due to competition from co-branded credit cards

While proximity still struggles, mobile phone payments drive m-commerce

Cash transactions impaired by card and electronic payments

REgional overvie

Store cards decline due to growing relevance of co-branded credit cards

Credit cards help explain the decrease of store cards and cash

Leading Companies and Brands

Card payments concentrated in the hands of few international players

Geographic presence and personalisation to help operators’ performance

Internationalisation in card payments driven by operators

Forecast Projections

Steady growth of consumer payment transactions forecast

Card payments to continue outpacing consumer payments as a whole

M-commerce to keep posting strong growth from small base

Debit and pre-paid expected to support growth in card payments

Country Snapshots

Brazil: market context

Brazil: competitive and retail landscape

Brazil: m-commerce and consumer payment value

Mexico: market context

Mexico: competitive and retail landscape

Mexico: m-commerce and consumer payment value

Colombia: market context

Colombia: competitive and retail landscape

Colombia: m-commerce and consumer payment value

Chile: market context

Chile: competitive and retail landscape

Chile: m-commerce and consumer payment value

Argentina: market context

Argentina: competitive and retail landscape

Argentina: m-commerce and consumer payment value

Why buy this report?

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Megatrends

Strategy Briefing

Financial Cards and Payments in Latin America

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Key findings

Economic setbacks impair consumer payments

Card payments growing at the expense of cash

Store cards lose ground to credit cards

Digital commerce to help drive card payments

Gradual economic recovery to favour consumer payments

Want to find out more about this report?

Table of Contents

Introduction

Scope

Key findings

Regional Overview

Economic setbacks prevented consumer payments from growing stronger

Large portion of unbanked population still impairs performance of cards

Consumer payments expected to grow after significant pullback in 2018

Card payments to recover solid growth sustained by economic recovery

Although still relevant, cash loses ground to technological methods

Debit cards help drive card payments at the expense of cash

Investments in financial inclusion contribute to card-based payments

Store cards suffer due to competition from co-branded credit cards

While proximity still struggles, mobile phone payments drive m-commerce

Cash transactions impaired by card and electronic payments

REgional overvie

Store cards decline due to growing relevance of co-branded credit cards

Credit cards help explain the decrease of store cards and cash

Leading Companies and Brands

Card payments concentrated in the hands of few international players

Geographic presence and personalisation to help operators’ performance

Internationalisation in card payments driven by operators

Forecast Projections

Steady growth of consumer payment transactions forecast

Card payments to continue outpacing consumer payments as a whole

M-commerce to keep posting strong growth from small base

Debit and pre-paid expected to support growth in card payments

Country Snapshots

Brazil: market context

Brazil: competitive and retail landscape

Brazil: m-commerce and consumer payment value

Mexico: market context

Mexico: competitive and retail landscape

Mexico: m-commerce and consumer payment value

Colombia: market context

Colombia: competitive and retail landscape

Colombia: m-commerce and consumer payment value

Chile: market context

Chile: competitive and retail landscape

Chile: m-commerce and consumer payment value

Argentina: market context

Argentina: competitive and retail landscape

Argentina: m-commerce and consumer payment value

Why buy this report?

Want to find out more about this report?

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