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Total B2B payments market size in Latin America (LATAM) in 2023, with a forecast for 2031 (in billion U.S. dollars)

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Source

Release date

November 2023

Region

Latin America and the Caribbean

Survey time period

May 2023

Special properties

CAGR for 2023–2031 equals 9.6 percent, according to calculations from ÌÇÐÄÆƽâ°æ

Supplementary notes

The source did not provide figures for individual countries within Latin America.

Citation formats

B2B payments market size in Latin America (LATAM) in 2023, with a 2031 forecast

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 4, 2024

B2B payments in Latin America are projected to reach ** billion USD in 2023, and forecasts say it will continue to grow up until 2031. This is according to a research calculation that starts off in 2022 and models the future growth of business-to-business transactions within the country. The LATAM B2B payments market value could reach ** billion U.S. dollars by 2031, for an estimated **** percent CAGR (2023-2031). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Latin America was said to be around ** billion U.S. dollars in 2022.

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Statistics on " Payments in Latin America "

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Other statistics that may interest you Payments in Latin America

Cash(less)

6

(Credit) cards

5

Issuers, acquirers, gateways

5

Alternative payment methods (APMs)

8

Cross-border payments

5

Remittances

8

Miscellaneous

7

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Topics

Digital payment trends across Latin America Mobile payments with digital walletsFinancial inclusion in Latin AmericaCBDC (Central Bank Digital Currencies)Pix
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