Mobile payment use grows in Latin America according to report by yStats.com “Latin America Online Payment Methods: Full Year 2015” is the title of a new report published by Hamburg-based secondary market research company yStats.com. According to the report’s findings, credit card is the leading payment method used by online shoppers across the region, though card usage meets fierce competition from alternative payment methods in selected countries. Furthermore, the report reveals that mobile payments are gaining acceptance in Latin America, driven by mobile device usage and M-Commerce growth. Read more here: https://www.ystats.com/mobile-payment-use-grows-in-latin-america-according-to-report-by-ystats-com/ Find the report here:https://www.ystats.com/product/latin-america-online-payment-methods-full-year-2015/

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PRESS RELEASE
Hamburg, March 15th
, 2016
Mobile payment use grows in Latin America according to report by yStats.com
“Latin America Online Payment Methods: Full Year 2015” is the title of a new report published by Hamburg-based
secondary market research company yStats.com. According to the report’s findings, credit card is the leading payment method
used by online shoppers across the region, though card usage meets fierce competition from alternative payment methods in
selected countries. Furthermore, the report reveals that mobile payments are gaining acceptance in Latin America, driven by
mobile device usage and M-Commerce growth.
With B2C E-Commerce growing rapidly, the online payment landscape in Latin America remains dynamic. Credit card was
the leading payment method used by online shoppers in countries such as Brazil, Colombia, Mexico and Dominican Republic in
2014/2015, according to research cited in the report by yStats.com. However, credit cards meet intense competition from alternative
payment methods, including cash on delivery, PayPal and local banking schemes.
For example, in Brazil, over half of online shoppers paid by credit card, as of 2015, and around one third used local banking
method Boleto Bancario, as yStats.com’s report reveals. In Mexico, debit cards and PayPal were used by about 50% of online
shoppers, only slightly behind credit card use. In Colombia, nearly a quarter of online shoppers chose cash on delivery to pay for their
purchases made over the Internet.
Another important trend in digital payments in Latin America is the growing use of mobile payment methods, spurred by the
rise of mobile shopping and smartphone penetration. In Argentina, the share of online payment users who made payments via mobile
phones doubled in 2015, while in Brazil it was already close to one half. Furthermore, in Mexico, over 50% of consumers with bank
accounts reported that they would probably or definitely use mobile payments in the future, according to a 2015 survey cited in
yStats.com’s report.

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PRESS RELEASE
For further information, see: https://www.ystats.com/wp-content/uploads/2016/03/20160314_Product-Brochure-Order-Form_Latin-America-
Online-Payment-Methods_Full-Year-2015_by-yStats.com_.pdf
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We
are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading
companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and
timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on
online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce
Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and
journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary
market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.