--- 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) - [Home](https://blog.international.pagseguro.com/en) - [Market Insights](https://blog.international.pagseguro.com/en/tag/market-insights) - [Latin America](https://blog.international.pagseguro.com/en/tag/latin-america) - [Payments](https://blog.international.pagseguro.com/en/tag/payments) - [E-commerce](https://blog.international.pagseguro.com/en/tag/e-commerce) - [Solutions](https://blog.international.pagseguro.com/en/tag/solutions) - [Online Gaming](https://blog.international.pagseguro.com/en/tag/online-gaming) - More - [Digital Goods](https://blog.international.pagseguro.com/en/tag/digital-goods) - [SaaS](https://blog.international.pagseguro.com/en/tag/saas) - [PagSeguro News](https://blog.international.pagseguro.com/en/tag/pagseguro-news) 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) ![WP Gamer 2023](https://blog.international.pagseguro.com/hubfs/PagSeguro_post-blog_315x800px_WP_V2.jpg) [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 ![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. ![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. ![What are cross-border payments and what makes them important?](https://blog.international.pagseguro.com/hubfs/cross%20border%20payments%20_blog.jpg) [Payments](https://blog.international.pagseguro.com/en/tag/payments) January 4, 2024 ### [What are cross-border payments and what makes them important?](https://blog.international.pagseguro.com/en/what-are-cross-border-payments) Cross-border payments are one of the main aspects that make selling abroad possible – especially if you count on the right payment partner for that. 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