Installments are a vital part of the payment landscape in Latin America. So, how do they work in one of the largest LATAM e-commerce markets, Argentina? And what benefits do they offer for international merchants?
Whilst debit cards are one of the most common payment methods offline in Brazil, they are considerably less popular online. In this article, we explore the challenges the debit card faces, and the most popular alternatives for merchants.
If you are interested in expanding into Latin America, it is essential to understand the alternative payment choices that can be provided in a region with such wide economic diversity, different currencies and different purchasing habits.
With a population of 18 million people and one of the most sophisticated economies in Latin America, consumers in Chile have been paying most of their bills with cash in the last years.
Colombia is a country with a very high informal economy. This is one of the reasons because, culturally, cash is the preferred method of payment for Colombians.
Mexico is calling the attention of merchants around the world but its low credit card penetration forces traders to look for alternative solutions. To reach this market strategic local payments must be taken into consideration.
Following the trend of Latin America, Uruguayan consumers prefer paying all sort of bills with cash. Offering different tools to enable this kind of payment method will boost e-commerce sales vertiginously.
The most unique payment method in Brazil, boletos are responsible for a considerable amount of online transactions in the country. They can cover anything from small utility bills such as rent to higher value products like a holiday trip.
Cash Payments are the kings of alternative payments methods in Argentina, making it a must have if you wish to access this market.