With a population of 18 million people and one of the most sophisticated economies in Latin America, consumers in Chile have been paying most of their bills with cash in the last years.
Local payment strategies are essential for companies interested in expanding their business in Latin America. For this reason, we invited the LATAM Payments Expert, Fernando Estevez Vazquez, to talk about this intriguing market on our blog.
Turkey registered an annual growth of 46% in online credit card payments. It is expected that cards will keep their dominant role as a payment method.
Colombia is a country with a very high informal economy. This is one of the reasons because, culturally, cash is the preferred method of payment for Colombians.
Mexico is calling the attention of merchants around the world but its low credit card penetration forces traders to look for alternative solutions. To reach this market strategic local payments must be taken into consideration.
Vouchers, cash, bank deposits, digital wallets or debit/credit cards? To increase sales in a country where e-commerce businesses grew 198% in the last two years, targeting young consumers and offering different tools to pay in cash are the key to success.
Following the trend of Latin America, Uruguayan consumers prefer paying all sort of bills with cash. Offering different tools to enable this kind of payment method will boost e-commerce sales vertiginously.
Learn more about the most used payment tool in Portugal and maximize your chances to boost your online business.
The most unique payment method in Brazil, boletos are responsible for a considerable amount of online transactions in the country. They can cover anything from small utility bills such as rent to higher value products like a holiday trip.
Cash Payments are the kings of alternative payments methods in Argentina, making it a must have if you wish to access this market.