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Total number of cashless B2B payment transactions in Latin America from 2019 to 2024, with forecasts for 2025 and 2028 (in billions)

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Sources

Release date

September 2025

Region

Latin America and the Caribbean

Survey time period

2019 to 2025

Special properties

The B2B digital transaction volume for Latin America (including Mexico) is projected a 13.0 percent increase in 2024, and a 13.8 percent CAGR for 2023-2028; The retail digital transaction volume for Latin America (including Mexico) is projected a 25.2 percent increase in 2024, and a 21.9 percent CAGR for 2023-2028.

Supplementary notes

The source adds that B2B payments consists of payments between businesses, and do not include individuals.

The source does not provide figures for individual countries.

Latin America likely includes Mexico, as the source mentions the country on several occassions when discussing Latin America.

Figures for 2024 are estimates. Figures for 2025 and 2028 are forecasts.

Citation formats

B2B digital payments number in Latin America 2019-2024 with forecasts to 2028

Published by ÌÇÐÄÆƽâ°æ Research Department, Jan 19, 2026

The number of digital B2B payments in Latin America is forecast to increase by over ** billion between 2024 and 2028, as businesses move away from cash. This is according to research from . In 2024 - the most recent year estimated by the source - **** billion cashless transactions were carried out in the Latin America region, including Mexico. The source does not clearly state clear whether this includes both domestic and cross-border payments. It does point towards the importance of Swift and ISO 20022, as these initiatives hope to improve B2B cross-border payments in regions such as Latin America.

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