A quick guide to local payments in Latin America

Latin America’s e-commerce is booming, with transaction volumes projected to reach USD $870 billion across the top six markets by 2026. But navigating LATAM’s unique payment preferences, infrastructure and regulations can be complex. That’s where PPRO comes in. We’re excited to share our updated 2025 insights on local payment trends in Latin America.

Here’s a snapshot of what’s driving success and opportunities for merchants expanding into Latin America:

• The power of local payments in LATAM:
  In LATAM, 56% of e-commerce transactions are made using local cards though many are not enabled for cross-border transactions. Leveraging local processing and smart tools like intelligent routing can significantly boost conversion and improve approval rates for international purchases.
• Digital and instant bank transfer payments are driving growth:
  Digital and financial inclusion is growing across the region particularly in younger demographics, with instant payment methods such as Pix increasingly becoming the preferred choice. By offering the right mix of local payment options, businesses can reach new consumers, tapping into a significant share of this lucrative market.
• Managing complexity and payment fragmentation:
  With each country across the region offering its own favoured methods and regulations, a Merchant of Record partner is essential for streamlined market entry, handling local processing, tax filings, FX and funds flow and navigating regulatory complexity.

Discover how to leverage these trends for sustained growth and success in the LATAM market by downloading the full report.