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Global Compendium 2025: Volume 5 Latin America Digital Commerce & Payments in the Age of Al, 2026

Publisher yStats.com
Published Jan 07, 2026
Length 217 Pages
SKU # YST20698442

Description

Digital Commerce Expansion, Instant Payments Growth, and AI Adoption Reshape Latin America’s Retail and Financial Services in 2026

Latin America’s Digital Commerce Growth Remains Concentrated Across Leading Economies

Latin America’s digital commerce market continues to expand, supported by rising mobile adoption, higher transaction activity, and the increasing role of E-Commerce in retail. Growth remains highly concentrated, with Argentina, Brazil, and Mexico accounting for more than 80% of regional retail E-Commerce sales in 2025. Several markets, including Chile and Peru, are approaching internet penetration saturation, reinforcing the region’s digital infrastructure base.

Payments Market Reshaped by Instant Systems and Rapid Digitalization

The region’s payments market is undergoing rapid structural change as digital transactions accelerate and instant payment systems expand. Payments revenue is on track to triple by 2027, while non-cash transactions are forecast to grow at over +20% CAGR through 2028, exceeding 340 billion transactions. Cards remain the leading payment method, but instant payments and credit transfers continue to gain share, with Brazil’s Pix system emerging as a key driver of this shift.

AI Deployment Expands Across Payments and E-Commerce Operations

AI adoption across Latin America’s payments and E-Commerce sectors is deepening as institutions respond to rising fraud risks, regulatory complexity, and enterprise transformation priorities. Banks, payment providers, and fintech firms are increasingly applying AI to fraud detection, customer engagement, credit assessment, and operational efficiency. Despite growing adoption that now exceeds global averages in several functions, infrastructure constraints and talent gaps continue to influence deployment outcomes.

Table of Contents

217 Pages
1. Key Takeaways
2. Management Summary
3. Latin America: Digital Commerce Landscape
3.1. Latin America Market Size, Growth & Regional Expansion
Latin America: Digital Commerce Market Size, in USD billion, 2020-2026f
Latin America: Retail E-Commerce Share, in % of Total Retail Sales, 2022-2028f
Latin America: Retail E-Commerce Sales, in USD billion, in % of Year-on-Year Change, 2022-2028f
Latin America: Online Retail Sales and E-Commerce Share, in USD billion and %, 2023 & 2028f
Latin America: Total E-Commerce Transaction Volume, in USD bn, and Y-o-Y Growth in % of Transaction Volume, 2021–2027f
3.2. Latin America Market Structure, Concentration & Connectivity
Latin America: Retail E Commerce Sales Share of Argentina, Brazil, and Mexico vs. Rest of Region, in %, 2025
Latin America: Internet Users, by Selected Countries, in % of Total Population, 2024 & 2026f
Mexico & U.S: E-commerce Share of Total Retail Sales, in % of Total Retail Sales, 2026f
Mexico: B2C E-Commerce GMV Forecast, in USD billion, 2025 & 2030f, CAGR 2025 - 2030
3.3. Latin America Cross-Border Dynamics & Global Competitive Pressure
Latin America: Cross-Border Payments and E-Commerce, December 2025
Latin America: Consumer Favorability Toward Chinese E-Commerce Brands, in % of Consumers Surveyed, 2025
Latin America: Likelihood of Buying from an E-Commerce Website Without Local Currency or Alternative Payment Methods, in % of Consumers Surveyed, 2025
Latin America: Perceived Benefits of Global Retail Expansion, in % of Consumers Surveyed, 2025
Latin America: Most Important Factors in Online Product Comparisons, in % of Consumers Surveyed, 2025
3.4. Latin America Platforms, Business Models & Market Leadership
Latin America: B2C E-Commerce Player Overview, December 2025
Brazil: Share of E-Commerce Transactions by Business Model, in %, 2024
Brazil: Market Share of Leading E-Commerce Platforms, in % of total E-Commerce Sales, 2025
Brazil: Gen Z Consumers’ Reported Purchases by Product Category, in %, 2025
3.5. Latin America Country Spotlights Consumer Behavior, Devices & Product Demand Structure
Brazil: E-Commerce Transaction Volume by Device, in % of Total E-Commerce Volume, 2024
Mexico: E-Commerce Transaction Volume by Device, in % of Total E-Commerce Volume, 2024
Colombia: E-Commerce Transaction Volume by Device, in % of Total E-Commerce Volume, 2024
Argentina: E-Commerce Transaction Volume by Device, in % of Total E-Commerce Volume, 2024
Chile: E-Commerce Transaction Volume by Device, in % of Total E-Commerce Volume, 2024
Peru: E-Commerce Transaction Volume by Device, in % of Total E-Commerce Volume, 2024
Guatemala: E-Commerce Transaction Volume by Device, in % of Total E-Commerce Volume, 2024
Mexico: E-Commerce Product Categories, in % of Sales Year-on-Year Growth, Q3 2024
Peru: E-Commerce Product Categories, in % of Sales Year-on-Year Growth, 2023
4. Latin America: Payments Landscape Overview
4.1. Latin America Payments Market Size & Infrastructure
Latin America: Payments Revenue, in USD trillion, 2017 & 2020-2022 & 2027f
Latin America: Share of Payment Revenue Value, in %, 2027f
Latin America: Payments Revenue Value, in USD trillion, 2013, 2018, 2020- 2023
Latin America: Payments Market Growth by Global Region, CAGR (%), 2022 - 2027f
Latin America: Payments Market Revenue Share by Global Region, in %, 2027f
Latin America: Payment Mix by New Payments and Traditional Payments, in % of Transaction Volume, 2023
Latin America: Share of Merchants Accepting Selected Payment Methods, in %, 2025
Latin America: Total Non-Cash Transactions, in billions of Transactions, 2018 & 2021-2024e & 2028f
Latin America: Total B2B Non-Cash Transactions, in billions of Transactions, 2018 & 2021-2024e & 2028f
Latin America: Payments Revenue by Type, Commercial & Consumer in %, 2018 & 2023
Latin America: Breakdown of Total Payments Revenue, Commercial & Consumer in %, 2023
4.2. Latin America Consumer Payment Behavior & Adoption
Latin America: Preferred Payment Methods for In-Person Purchases, by Country, in % of Respondents, 2023
Latin America: Breakdown of Preferred Payment Method for In-Person Purchases, in % of Respondents, 2021 & 2023
Latin America: Reasons for Using Debit and Credit Cards in Latin America, % of Respondents, 2023
Latin America: Top Reasons for Digital Payment Adoption, in % of Respondents from High Mobile-Payment Penetration Countries, 2023
Latin America: Key Factors Driving Digital Payment Adoption in Low Mobile-Payment Adoption Countries, % of Respondents, 2023
Latin America: Share of Consumers that Use Smartphone Payments for In-Person Transactions at least once a month, in %, 2024
Latin America: Main Barriers to Online Payments, in % of Consumers Surveyed, 2025
Latin America: Importance of Accessible Payment Options for Online Purchases, in % of Consumers Surveyed, 2025
Latin America: E-Commerce Payment Method Market Share, in %, 2023
Latin America: Share of E-Commerce Payment Methods, in %, 2024
Latin America: Number of Cryptocurrency Owners, in millions, 2023 & 2024e
Latin America: Share of Population That Owns Cryptocurrency by Country, in %, 2024e (1 of 3)
Latin America: Share of Population That Owns Cryptocurrency by Country, in %, 2024e (2 of 3)
Latin America: Share of Population That Owns Cryptocurrency by Country, in %, 2024e (3 of 3)
4.3. Latin America Country Spotlights Payment Methods Insights
Brazil: Pix Payment Volume, in USD trillion, 2021-2024 (Through June)
Brazil: Number of Pix Transactions, in billions, 2021-2024 (Through June)
Brazil: E-Commerce Payment Methods by Market Share, in %, 2023
Brazil: E-Commerce Payment Methods Market Share by Vertical, in %, 2023
Brazil: Share of Consumers Using Payment Methods Daily, in %, 2023
Brazil: E-Commerce Payment Methods by Market Share, in %, 2024
Brazil: Projected Online Payment Market Share by Method, in %, 2025f
Brazil: E-Commerce Market Share by Payment Method, in %, 2024
Brazil: A2A Payments Share, in % of E-Commerce Spend, 2020, 2023 & 2027f
Mexico: E-Commerce Payment Methods by Market Share, in %, 2023
Mexico: E-Commerce Payment Methods by Market Share, in %, 2024
Mexico: A2A Payments Share, in % of E-Commerce Spend, 2020, 2023 & 2027f
4.3. Latin America Country Spotlights Payment Methods Insights (Cont.)
Colombia: E-Commerce Payment Methods by Market Share, in %, 2023
Colombia: E-Commerce Payment Methods by Market Share, in %, 2024
Chile: E-Commerce Payment Methods by Market Share, in %, 2023
Chile: E-Commerce Payment Methods by Market Share, in %, 2024
Chile: A2A Payments Share, in % of E-Commerce Spend, 2020, 2023 & 2027f
Argentina: E-Commerce Payment Methods by Market Share, in %, 2023
Argentina: E-Commerce Payment Methods by Market Share, in %, 2024
Argentina: A2A Payments Share, in % of E-Commerce Spend, 2020, 2023 & 2027f
Peru: E-Commerce Payment Methods by Market Share, in %, 2023
Peru: E-Commerce Payment Methods by Market Share, in %, 2024
5. Latin America: AI & Automation in Commerce
5.1. AI Adoption & Seller Readiness in Latin America
5.1.1. Regional
Latin America & Global: AI Adoption by Enterprise Use Cases, in % of Respondents, 2024
Latin America & Global: Perceived Business Impact of Generative AI, in % of Companies, 2023 & 2024
Latin America & Global: AI Delivery Team Implementation, in % of Companies, 2023 & 2024
Latin America & The Caribbean: Job Categories by Exposure to GenAI, in % of Respondents, April 2025
Latin America & The Caribbean: Job Categories by Productivity Potential from GenAI, in % of Resp., Apr 2025
Latin America & The Caribbean: Job Categories by Automation Risk from GenAI, in % of Resp., April 2025
Latin America & The Caribbean: Workforce Distribution by GenAI Exposure, in % of Resp., April 2025
Latin America & The Caribbean: Infrastructure, Computing, Server, and Data Ecosystem Gaps for AI Adoption, Aug 2025
Latin America & The Caribbean: AI Talent Shortages, Education Pipeline Weaknesses, and Firm-Level Adoption Gaps, Aug 2025
Latin America: Share of Organizations Using AI Tools Across Business Functions, in % of Resp., 2024
Latin America: Perceived Impact of AI Tools Across Business Functions, in % of Respondents, 2024
Latin America: Adoption of AI-Based Business Solutions, in % of Companies, Jan 2025
Latin America: Stage of AI Adoption in Organizations, in % of Respondents, 2025
Latin America: Approaches to AI Capability Development, in % of Respondents, 2025
Latin America: Share of Latitud Fellowship Companies Identifying as AI-centric or AI-enabled, in % of Resp., 2022-2023 & H1 2024
Latin America: Founders’ Views on AI Transformative Force for Business and Society, in % of Resp., 2024
Latin America: Founders’ Expectations of AI Impact on Cost Reduction and Revenue Growth, in % of Resp., 2024
Latin America: Founders’ Perceptions of AI Market Expectations, in % of Respondents, 2024
Latin America: Founders’ Views on AI Hype and Investor Overexpectations, in % of Respondents, 2024
Latin America: Generative AI Adoption in Tech Companies, in % of Respondents, 2024
Latin America: Adoption of AI Frameworks by Provider, in % of Respondents, Mar-Apr 2025
Latin America: Number of AI Frameworks Adopted, in % of Respondents, Mar-Apr 2025
Latin America: Expected Impact of AI on Workforce, in % of Respondents, Mar-Apr 2025
Latin America: Main Drivers of AI Adoption, in % of Respondents, Jan 2025
Latin America: Main Drivers of Excitement About AI Adoption, in % of Respondents, 2025
Latin America: Good Understanding of AI by Country, in % of Respondents, Aug-Sep 2024
Latin America: Use of AI Tools in Daily Life by Country, in % of Respondents, Aug-Sep 2024
Latin America: AI Opportunity in Service Exports, Investment Gap, Export Lag, and Skills Gap, Aug 2025
Latin America: Main Challenges to AI Implementation, in % of Respondents, 2024
Latin America: Main Obstacles to AI Adoption, in % of Respondents, Jan 2025
Latin America: Leading Barriers to AI Adoption, in % of Respondents, Mar-Apr 2025
Latin America: Barriers to AI Exploration, in % of Respondents, 2025
Latin America: Key Areas of Support Needed for AI Adoption, in % of Respondents, Mar-Apr 2025
5.1.2. Country Spotlights
Brazil: Population Familiarity with AI, in % of Respondents, 2024
Brazil: Corporate Perceptions of AI for Automation and Efficiency, in % of Respondents, Jan 2025
Mexico: Corporate Perceptions of AI for Automation and Efficiency, in % of Respondents, Jan 2025
Colombia: Corporate Perceptions of AI for Automation and Efficiency, in % of Respondents, Jan 2025
Chile: Corporate Perceptions of AI for Automation and Efficiency, in % of Respondents, Jan 2025
Argentina: Corporate Perceptions of AI for Automation and Efficiency, in % of Respondents, Jan 2025
Brazil: Corporate Expectations of AI’s Impact on Industry, in % of Respondents, Jan 2025
Mexico: Corporate Expectations of AI’s Impact on Industry, in % of Respondents, Jan 2025
Colombia: Corporate Expectations of AI’s Impact on Industry, in % of Respondents, Jan 2025
Chile: Corporate Expectations of AI’s Impact on Industry, in % of Respondents, Jan 2025
Argentina: Corporate Expectations of AI’s Impact on Industry, in % of Respondents, Jan 2025
Brazil: Expected Timeline of Results from AI Strategies, in % of Respondents, Jan 2025
Mexico: Expected Timeline of Results from AI Strategies, in % of Respondents, Jan 2025
Colombia: Expected Timeline of Results from AI Strategies, in % of Respondents, Jan 2025
Chile: Expected Timeline of Results from AI Strategies, in % of Respondents, Jan 2025
Argentina: Expected Timeline of Results from AI Strategies, in % of Respondents, Jan 2025
Brazil: AI Investment Plans, in % of Respondents, Jan 2025
Mexico: AI Investment Plans, in % of Respondents, Jan 2025
Colombia: AI Investment Plans, in % of Respondents, Jan 2025
Chile: AI Investment Plans, in % of Respondents, Jan 2025
Argentina: AI Investment Plans, in % of Respondents, Jan 2025
5.2. Operational Applications and Economic Impact of AI in Latin America
Latin America: Productivity Gains from AI Adoption, in % of Respondents, 2025
Latin America: Benefits of AI Adoption, in % of Respondents, Jan 2025
Latin America: Business Functions of AI Implementation, in % of Respondents, Jan 2025
Latin America: Use of AI Technologies in Daily Operations, in % of Respondents, 2025
Latin America: FinTech Sector Growth as a Foundation for AI-Enabled Payments, in Number of Comp., 2017 & 2023
Latin America: FinTech Concentration and AI Readiness Potential by Country, in % of Total Fintech Comp., 2024
Latin America: Count. with the Highest Growth in Fintech Startups and AI Innovation Potential, in % of Comp., 2022-2024
Latin America: Blockchain Tokenization, AI Monitoring, and Customer-Centric Banking Innovations, Sep 2025
5.3. AI Risk, Trust, Security and Governance in Latin America
5.3.1. Regional
Latin America & The Caribbean: Absorptive Capacity, Readiness Gaps, and Global Positioning in AI Adoption, Aug 2025
Latin America & The Caribbean: Opportunities and Risks of AI Adoption for Economic, Social, and Technological Development, Aug 2025
Latin America & The Caribbean: Responsible AI Initiatives, Policy Challenges, Regulatory Needs, and Data Governance Gaps, Aug 2025
Latin America & Mexico: Cybercrime Attempts and AI Professional Shortages in Millions, Oct 2024
Latin America: Fraud Challenges, Costs, AI Detection Tools, and Partnerships in Digital Payments, Sep 2025
Latin America: Biggest Risks to AI Deployment in Startups, in % of Respondents, 2025
Latin America: AI and Intensified Inequality by Country, in % of Respondents, Aug–Sep 2024
Latin America: Support for Government Regulation of AI by Country, in % of Respondents, Aug–Sep 2024
Latin America: AI Bills with Principle-Based Rights, Risk Classification, and Compliance Obligations, Sep 2025
Latin America: AI Proposals with Governance Councils, Regulatory Sandboxes, and SME Support, Sep 2025
Latin America: Regulatory Gaps, Local Frameworks, Regional Coordination, and AI Governance, Sep 2025
Latin America: Regulatory Progress, Governance, Institutional Gaps, and Regional Cooperation in AI, Sep 2025
Latin America: Perceived Country Preparedness to Face AI Challenges, in % of Respondents, Aug-Sep 2024
South America: Average Government AI Readiness in Data and Infrastructure, in Index Value, 2023 & 2024
5.3.2. Country Spotlights
Brazil: Comfort Levels in Sharing Personal Data with AI Tools, in % of Respondents, 2024
Brazil: Public Readiness for Data Sharing with AI and Traditional Inst., in % of Resp. Comfortable Sharing Data, 2024
Brazil: Planned AI Training Investments for Teams, in % of Respondents, Jan 2025
Mexico: Planned AI Training Investments for Teams, in % of Respondents, Jan 2025
Colombia: Planned AI Training Investments for Teams, in % of Respondents, Jan 2025
Chile: Planned AI Training Investments for Teams, in % of Respondents, Jan 2025
Argentina: Planned AI Training Investments for Teams, in % of Respondents, Jan 2025
Brazil: Workforce with AI Hiring Focus, in % of Respondents, Jan 2025
Mexico: Workforce with AI Hiring Focus, in % of Respondents, Jan 2025
Colombia: Workforce with AI Hiring Focus, in % of Respondents, Jan 2025
Chile: Workforce with AI Hiring Focus, in % of Respondents, Jan 2025
Argentina: Workforce with AI Hiring Focus, in % of Respondents, Jan 2025
Brazil: Importance of Sustainability in Implementing AI Solutions, in % of Respondents, Jan 2025
Mexico: Importance of Sustainability in Implementing AI Solutions, in % of Respondents, Jan 2025
Colombia: Importance of Sustainability in Implementing AI Solutions, in % of Respondents, Jan 2025
Chile: Importance of Sustainability in Implementing AI Solutions, in % of Respondents, Jan 2025
Argentina: Importance of Sustainability in Implementing AI Solutions, in % of Respondents, Jan 2025
Brazil: Government AI Readiness in Data and Infrastructure, in Index Value, 2023 & 2024
5.4. AI Competitive Landscape, Investment Dynamics, and Scaling Patterns in Latin America
Latin America: AI Adoption by Approach in Startups, in % of Respondents, Mar-Apr 2025
Latin America: AI Adoption Levels and Revenue Contribution from AI-Powered Products, in % of Resp., Mar-Apr 2025
Latin America: Share of AI Leaders’ Revenues Attributable to AI-Powered Products, in % of Resp., Mar-Apr 2025
Latin America: Median Revenue Growth of AI and Non-AI Companies Across Income Bands, in % of Resp., Mar-Apr 2025
Latin America: Top-Quartile Revenue Growth of AI and Non-AI Companies Across Income Bands, in % of Resp., Mar-Apr 2025
Latin America: Funding Status of Startups and AI Share of Funded Firms, in % of Resp., Mar-Apr 2025
Latin America: AI Adoption Across Application Areas Among Startups, in % of Respondents, Mar-Apr 2025
Latin America: Number of AI Use Cases Implemented Per Startup, in % of Respondents, Mar-Apr 2025
Latin America: Areas of AI Use in Startup Operations, in % of Respondents, 2025
Latin America: Use of AI Models in Startups, in % of Respondents, 2025
Latin America: Share of Startups Measuring ROI on AI Investments, in % of Resp., Mar-Apr 2025
Latin America: Metrics of ROI on AI Investments Among Startups, in % of Respondents, Mar-Apr 2025
Latin America: AI ROI Measurement Metrics, in % of Respondents, 2025
Latin America: Ownership of AI Leadership Roles in Startups, in % of Respondents, Mar-Apr 2025
Latin America: AI/ML Cloud Workload Distribution by Provider, in % of Respondents, Mar-Apr 2025
Latin America: Number of Cloud Providers Used for AI/ML Workloads, in % of Respondents, Mar-Apr 2025
Latin America: LLM Adoption by Provider and Number of Models Deployed, in % of Resp., Mar-Apr 2025
Latin America: VC Investment Likelihood for AI-Core Startups, in % of Respondents, 2024 & 2025
Latin America: Barriers to VC Support for Portfolio AI Deployment, in % of Respondents, 2025
Latin America: Internal AI Use Cases Among VC Firms, in % of Respondents, 2023 & 2025
Latin America: Internal AI Application Usage by VC Firms, in % of Respondents, 2025
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