AMI can help your company decide where to invest in payments products and assets by anticipating market trends.

Latin America Embraces Old and New Payment Methods

Latin America’s payments landscape is a combination of old and new. Cash remains king, commanding 85% of all transactions. Credit cards have been a highly successful product for issuing banks but penetration is maturing at 25% of households. These days, growth depends on the industry’s ability to penetrate new customer segments and payment verticals. To do so, banks are betting on products like digital wallets, as well as contactless, pre-paid and business cards. But their impetus to innovate has been slow, and competition from non-traditional players is intensifying.

New players ranging from e-commerce merchants to fintech startups to mass market retailers are stepping in to issue cards, launch digital wallets, and offer customers innovative ways to pay. Made-in-LAC gateways are steps ahead of their US competitors at offering local acceptance solutions. Even more disruption is coming as tech giants Amazon, Samsung, Apple, Google and Alibaba increase their penetration in the LAC payments market.

Dive Deeper

Review AMI case studies from our Payments practice to get a deeper sense of our capabilities.

Experienced Analysis That Makes the Difference

With so many diverging trends, companies need a clear, objective analysis of what’s happening in the payments industry in Latin America. That is precisely what AMI’s payments practice provides to financial institutions, merchants, payments gateways and others trying to navigate profitably through Latin American markets. With 400+ payments sector consulting engagements conducted in Latin America over the last 20 years, AMI’s payment sector knowledge and experience is unmatched.

How We Can Help You

Our market intelligence for LatAm payments has spanned a wide array of products, verticals and companies over the past 20 years, including:

Cards and issuing
  • Personal cards
  • Co-branded cards
  • Corporate/SME cards
  • Distribution cards
  • Fleet cards
  • Debit cards
  • Prepaid cards
  • Cardholder segmentation
  • Cross-border
  • Customer acquisition channels


Merchant acquiring and POS
  • EMV
  • NFC/contactless
  • QR codes
  • Merchant services
  • mPOS
  • Wearables


  • Payment gateways and PSPs
  • Payment methods
  • Alternative payments
  • Cross-border e-commerce
  • Mobile commerce
  • Recurring/subscription payments
  • Card-on-file/in-app payments
  • Invisible payments
  • Mass payouts
Digital wallets
  • P2P payments
  • Bill/utility payments
  • Mobile top-ups
  • Merchant payments
  • Cash-in/cash-out networks
  • Savings
  • Companion cards


B2B and government
  • ACH
  • Accounts payable/receivable
  • Invoicing
  • B2B cross-border
  • Social benefit disbursement
  • Government payment collection
  • Payments for mass transit and tolls


Financial inclusion
  • Correspondent banking
  • Remittances
  • Mobile money
  • Micro-loans
  • Long tail merchant acquiring


Other fintech
  • Online lending
  • Credit scoring and fraud
  • Insurance


  • Mobile/Internet usage
  • Online marketplaces
  • App economy
  • Gig/on-demand economy
  • Machine learning/AI


  • Loyalty programs
  • Innovation and technology in retail

Explore Our Insights

regarding payments in LatAm

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