--- title: "Infographic: Payment Methods in Latin America - BoaCompra" description: Want to have a better understanding about local payment culture? Check our new infographic about the main characteristics of seven important markets in LATAM, including most popular local payment solutions. image: https://blog.international.pagseguro.com/hubfs/Imported_Blog_Media/blog-01-1-3.png --- [![PagSeguro_logo-332x41_CS_blog](https://blog.international.pagseguro.com/hs-fs/hubfs/PagSeguro_logo-332x41_CS_blog.png?width=220&height=31&name=PagSeguro_logo-332x41_CS_blog.png "PagSeguro_logo-332x41_CS_blog")](https://international.pagseguro.com) Payments Infographic: Payment Methods in Latin America Want to have a better understanding about local payment culture? Check our new infographic about the main characteristics of seven important markets in LATAM, including most popular local payment solutions. ![Infographic: Payment Methods in Latin America](https://blog.international.pagseguro.com/hubfs/Imported_Blog_Media/blog-01-1-3.png) September 4, 2018 Cash is still king in Latin America, but other alternative payment methods are also vital to boost your sales in these seven countries: [**Argentina**](https://boacompra.com/en/blog/digital-market---argentina-expects-a-growth-of-24-until-2021), [**Brazil**](https://boacompra.com/en/blog/brazil-how-to-reach-more-consumers-in-the-4th-largest-internet-users-market), [**Chile**](https://boacompra.com/en/blog/chile), [**Colombia**](https://boacompra.com/en/blog/colombia-soon-to-be-the-fourth-largest-e-commerce-in-latam), [**Mexico**](https://boacompra.com/en/blog/mexico---latin-americas-prodigy-with-the-fastest-ecommerce-growth), [**Peru**](https://boacompra.com/en/blog/ecommerce-business-in-peru-grew-198-in-the-last-two-years) and [**Uruguay**](https://boacompra.com/en/blog/uruguay-shakes-ecommerce-market-and-attracts-more-business). In this infographic, we look at the main characteristics of each expanding market, so you’ll have a better understanding about local payment culture and the potential to expand your business. Learn more about the following features: Population Size, Local Currency, Gross Domestic Product (GDP), Internet Penetration, e-Commerce Growth and Popular Local Payment Options. ### Interested in expanding your business into LATAM? Local payments make the difference in the Southern Cone. [**BoaCompra**](https://boacompra.com/en) covers over 140 different payment methods across all major countries in Latin America, Turkey, Portugal and Spain. Keep checking our blog for more content and infographics about our available markets. ![](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png) [![Nova call to action](https://no-cache.hubspot.com/cta/default/19718165/85b040b9-d37f-462c-9f2b-32a74c988579.png)](https://cta-redirect.hubspot.com/cta/redirect/19718165/85b040b9-d37f-462c-9f2b-32a74c988579) [The Benefits of Localized Marketing Strategy ](https://blog.international.pagseguro.com/en/the-benefits-of-localized-marketing-strategy) [![](https://blog.international.pagseguro.com/hs-fs/hubfs/raw_assets/public/lemonade/images/post-navigation-btn.png?height=131&name=post-navigation-btn.png) ](https://blog.international.pagseguro.com/en/the-benefits-of-localized-marketing-strategy) [Access Portugal’s consumers with Multibanco and Payshop ](https://blog.international.pagseguro.com/en/access-portugals-consumers-with-multibanco-and-payshop) [![](https://blog.international.pagseguro.com/hs-fs/hubfs/raw_assets/public/lemonade/images/post-navigation-btn.png?height=131&name=post-navigation-btn.png) ](https://blog.international.pagseguro.com/en/access-portugals-consumers-with-multibanco-and-payshop) Related Content ![What is an acquirer and what is its purpose?](https://blog.international.pagseguro.com/hubfs/what%20is%20an%20acquirer%20_blog.jpg) [Payments](https://blog.international.pagseguro.com/en/tag/payments) September 26, 2023 ### [What is an acquirer and what is its purpose?](https://blog.international.pagseguro.com/en/what-is-an-acquirer-and-its-purpose) Learn all you need to know about the acquirer and how it allows merchants to offer payment methods and options to their customers. ![How alternative payment methods can help your business in LATAM](https://blog.international.pagseguro.com/hubfs/Imported_Blog_Media/payments-latam-1.jpg) [Payments](https://blog.international.pagseguro.com/en/tag/payments) October 9, 2018 ### [How alternative payment methods can help your business in LATAM](https://blog.international.pagseguro.com/en/how-alternative-payment-methods-can-help-your-business-in-latam) Boleto, Efecty, Via Baloto, Rapipago, PagoEfectivo are some of the local payments in LATAM that international merchants must be acquainted with while making business there. ![Online payment trends: what's new for Latin America](https://blog.international.pagseguro.com/hubfs/online-shopping-original-805-1.jpg) [Payments](https://blog.international.pagseguro.com/en/tag/payments) August 18, 2022 ### [Online payment trends: what's new for Latin America](https://blog.international.pagseguro.com/en/online-payment-trends-whats-new-for-latin-america) From local e-wallets and instant payments to domestic only-credit cards, understand more about current payment trends in the fast-rising market. ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "PagSeguro Team", "url" : "https://blog.international.pagseguro.com/en/author/pagseguro-team" }, "dateModified" : "2022-05-30T15:15:28.860Z", "datePublished" : "2018-09-04T03:00:00.000Z", "headline" : "Infographic: Payment Methods in Latin America - BoaCompra", "image" : [ "https://blog.international.pagseguro.com/hubfs/Imported_Blog_Media/blog-01-1-3.png" ], "mainEntityOfPage" : { "@id" : "https://blog.international.pagseguro.com/en/infographic-payment-methods-in-latin-america", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.international.pagseguro.com/hubfs/BC_PAGS_logoanimado-169x30-2.gif" }, "name" : "PagSeguro Tecnologia Ltda" } } ```