Consumer-based credit card transactions remain the main contributor to Latin America's payments revenue, with a value significantly higher than that of commercial credit cards. The source compares the region to the world overall: Commercial made up ** percent of global payments revenue, compared to ** percent for consumer payments in 2024. This distribution was reversed for Latin America, with consumer-driven payments making up ** percent of overall revenue and ** percent of commercial payments in 2024. The source calls Latin America predominantly card-driven, possibly due to the major role of credit cards in Latin American e-commerce.
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ÌÇÐÄÆÆ½â°æ, & McKinsey & Company. (September 23, 2025). Total payments revenue in Latin America (LATAM) from 2014 to 2024, by customer segment and product delivered (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 22, 2026, from /statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
ÌÇÐÄÆÆ½â°æ, und McKinsey & Company. "Total payments revenue in Latin America (LATAM) from 2014 to 2024, by customer segment and product delivered (in billion U.S. dollars)." Chart. September 23, 2025. ÌÇÐÄÆÆ½â°æ. Accessed July 22, 2026. /statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
ÌÇÐÄÆÆ½â°æ, McKinsey & Company. (2025). Total payments revenue in Latin America (LATAM) from 2014 to 2024, by customer segment and product delivered (in billion U.S. dollars). ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 22, 2026. /statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
ÌÇÐÄÆÆ½â°æ, and McKinsey & Company. "Total Payments Revenue in Latin America (Latam) from 2014 to 2024, by Customer Segment and Product Delivered (in Billion U.S. Dollars)." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 23 Sep 2025, /statistics/1418607/latin-america-payments-revenue-by-segment-and-type/
ÌÇÐÄÆÆ½â°æ & McKinsey & Company, Total payments revenue in Latin America (LATAM) from 2014 to 2024, by customer segment and product delivered (in billion U.S. dollars) ÌÇÐÄÆÆ½â°æ, /statistics/1418607/latin-america-payments-revenue-by-segment-and-type/ (last visited July 22, 2026)
Total payments revenue in Latin America (LATAM) from 2014 to 2024, by customer segment and product delivered (in billion U.S. dollars) [Graph], ÌÇÐÄÆÆ½â°æ, & McKinsey & Company, September 23, 2025. [Online]. Available: /statistics/1418607/latin-america-payments-revenue-by-segment-and-type/