Latin America Payment Gateway Market Size & Outlook
Latin America payment gateway market, 2017-2030 (US$M)
Related Markets
Latin America payment gateway market highlights
- The Latin America payment gateway market generated a revenue of USD 2,848.4 million in 2023.
- The market is expected to grow at a CAGR of 23.8% from 2024 to 2030.
- In terms of segment, hosted was the largest revenue generating type in 2023.
- Hosted is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,848.4 million |
| Market revenue in 2030 | USD 12,661.2 million |
| Growth rate | 23.8% (CAGR from 2023 to 2030) |
| Largest segment | Hosted |
| Fastest growing segment | Hosted |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hosted, Non-hosted |
| Key market players worldwide | Adyen NV, Amazon.com Inc, PayPal Holdings Inc, Francisco Partners, JPMorgan Chase & Co |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.8% of the global payment gateway market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,945.1 million by 2030.
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Payment Gateway Market Scope
Payment Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America payment gateway market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to payment gateway market will help companies and investors design strategic landscapes.
Hosted was the largest segment with a revenue share of 57.9% in 2023. Horizon Databook has segmented the Latin America payment gateway market based on hosted, non-hosted covering the revenue growth of each sub-segment from 2017 to 2030.
In September 2021, Visa announced plans to start accepting crypto payments in Brazil. The company’s plans envisage integrating conventional financial activities with crypto, thereby allowing users to transact using both fiat money and cryptocurrency through the same environment.
The aggressive efforts being pursued by financial service providers to start accepting crypto payments are expected to create new opportunities for the growth of the market over the forecast period.
In Brazil, banks are striking partnerships with technology companies to provide technology-enhanced digital payment solutions to the citizens of Brazil, thereby creating new opportunities for the growth of the market in the country.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America payment gateway market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America payment gateway market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America payment gateway market size, by country, 2017-2030 (US$M)
Latin America Payment Gateway Market Outlook Share, 2023 & 2030 (US$M)
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