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Mobile Payment Services in LATAM, 2023–2030

Publisher Frost & Sullivan
Published Oct 15, 2025
Length 82 Pages
SKU # MC20489549

Description

Mobile payments are digital payments made using a mobile device, such as a smartphone, phablet, tablet, or personal digital assistant. These mobile payments are made through digital wallets and A2A platforms, financed by eMoney, credit, or debit cards.

The goal of this study is to find out the adoption of mobile payments in LATAM, focusing only on mobile payments of POS and eCommerce national markets, using mobile proximity, QR code, SMSs, and peer-to-peer (P2P) transfers through eWallets issued by banks and non-banking institutions. In the quantitative aspect of the study, to measure the industry size of 2024 and its 5-year forecast, the study is based on transaction value and volume, along with LATAM’s forecast of the market´s growth for the next 5 years.

Brazil leads in terms of LATAM mobile payment adoption, but how do other countries precisely fit into this dynamic landscape? While this study primarily takes a regional perspective, it also highlights the current status of key national markets: Argentina, Brazil, Chile, Colombia, and Mexico. To sum up, the study presents LATAM’s key drivers and restraints, significant market trends, and growth opportunities, along with other essential insights into the mobile payment industry, offering a comprehensive overview.

Table of Contents

82 Pages
    • Scope of Analysis
    • Segmentation
    • Glossary
    • Why Is It Increasingly Difficult to Grow?
    • The Strategic Imperative 8
    • The Impact of the Top 3 Strategic Imperatives on the Mobile Payments Industry of LATAM
    • Key Transaction Technologies
    • User Profiles by Generation
    • Consumer-Facing Use Cases
    • Comparison Between Payment Methods
    • Competitive Environment
    • Key Competitors
    • LATAM's Key Regional Competitors
    • Mobile Payment Vendors
    • Competitive Strategies
    • Growth Metrics
    • Growth Drivers
    • Growth Driver Analysis
    • Growth Restraints
    • Growth Restraint Analysis
    • Forecast Considerations
    • Transaction Value and Volume Forecast
    • Transaction Value and Volume Forecast Analysis
    • Transaction Volume Forecast by Country
    • Transaction Volume Forecast Analysis by Country
    • Transaction Value Forecast by Country
    • Transaction Value Forecast Analysis by Country
    • Average Value per Transaction
    • Market Participants by Tier
    • Argentina
    • Growth Metrics
    • Transaction Value and Volume Forecast
    • Forecast Analysis
    • Brazil
    • Growth Metrics
    • Transaction Value and Volume Forecast
    • Forecast Analysis
    • Chile
    • Growth Metrics
    • Transaction Value and Volume
    • Forecast Analysis
    • Colombia
    • Growth Metrics
    • Transaction Value and Volume Forecast
    • Forecast Analysis
    • Mexico
    • Growth Metrics
    • Transaction Value and Volume Forecast
    • Forecast Analysis
    • What Is Happening in LATAM?
    • Growth Opportunity 1: Attraction of Untapped Targets
    • Growth Opportunity 2: Strategic Partnerships for Business Development
    • Growth Opportunity 3: Super-App Mobile Payment Platforms
    • Benefits and Impacts of Growth Opportunities
    • Next Steps

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