Latin America Payment Processing Solutions Market Size & Outlook
Latin America payment processing solutions market, 2017-2030 (US$M)
Related Markets
Latin America payment processing solutions market highlights
- The Latin America payment processing solutions market generated a revenue of USD 4,759.7 million in 2023.
- The market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, credit card was the largest revenue generating payment method in 2023.
- E-Wallet is the most lucrative payment method 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 4,759.7 million |
| Market revenue in 2030 | USD 13,498.8 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Credit card |
| Fastest growing segment | E-Wallet |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Credit Card, Debit Card, E-Wallet |
| Key market players worldwide | Adyen NV, Alibaba Group Holding Ltd ADR, Amazon.com Inc, PayPal Holdings Inc, Prosus NV ADR, Apple Inc, Alphabet Inc Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.8% of the global payment processing solutions 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 31,676.6 million by 2030.
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Payment Processing Solutions Market Scope
Payment Processing Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America payment processing solutions 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 processing solutions market will help companies and investors design strategic landscapes.
Credit card was the largest segment with a revenue share of 44.21% in 2023. Horizon Databook has segmented the Latin America payment processing solutions market based on credit card, debit card, e-wallet covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Payment Processing Solutions Payment Method Outlook (Revenue, USD Million, 2017-2030)
- Credit Card
- Debit Card
- E-Wallet
- Latin America Payment Processing Solutions End Use Outlook (Revenue, USD Million, 2017-2030)
- Hospitality
- Retail
- Utilities & Telecommunication
- Others
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Target buyers of Latin America payment processing solutions market databook
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Our clientele includes a mix of payment processing solutions market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America payment processing solutions market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America payment processing solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America payment processing solutions market size, by country, 2017-2030 (US$M)
Latin America Payment Processing Solutions Market Outlook Share, 2023 & 2030 (US$M)
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