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Latin American payments

Young Latin Americans are driving advances in payments and demanding convenience and control

 

As developers of technologies and infrastructures that are deeply woven into people lives, we keep our finger on the pulse on what people do and want to do with their money.

Our research amongst young Latin Americans reflects a trend we’re seeing across the globe – digital payments are displacing cash as technology becomes integral to how they interact. This insight should serve as an inspiration and catalyst for our industry.

Read our series of reports that reveal the attitudes and behaviours of young people in Peru, Brazil, Argentina, Chile and Colombia.

60%

embrace all types of new technology

68%

trust mobile payments services because their bank has very high security standards

65%

consider fingerprint scanning most secure when authenticating a payment

Colombia

Colombia is in a strong position to reap the benefits of efficiency, economy and security that come with the transition to digital and mobile payments.

Banks in Colombia are in an especially strong position to support and even drive adoption. How will they respond?

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Chile

Young Chileans have moved decisively away from using cash in favour of digital payment technologies. But despite enthusiasm for further innovation in payments, this savvy group is concerned about security. 

What are the implications for digital payments' growth?

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Brazil

Young Brazilians have keen appetite for new payment solutions that combine control and convenience. Like their young Peruvian peers, they welcome technology as an enabler.

How and what will drive the next generation of payments in Brazil?

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Argentina

Young Argentinians have moved decisively away from the physical banking infrastructure but, unlike their peers, they have been relatively slow to adopt mobile banking for anything beyond the most mundane activities. 

What will drive adoption of mobile payment technologies at scale?

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Peru

Digitally-savvy young Peruvians are hungry for digital payment and money management solutions that combine control and convenience.

Read the first research report in our series on payments in Latin America, as we take a look at young Peruvians and their money.

Download

Rosy Ruiz, VP Business Development, ACH LAC, discusses attitudes to payments in Latin America

Mark Colleran, Director of Research & Insights, shares findings from Latin America

Ian Gausden, EVP Specialist Sales, explores the real-time payments opportunity in Latin America

Contact us

If you’d like to get in touch or learn more about our products, we're happy to help.

Kris Kubiena
Real-time payments
kris.kubiena@mastercard.com