Argentina
With a tech-savvy population with a high GDP per capita, Argentina offers an immense opportunity for global merchants despite regulatory restrictions.
Countries and payment methods
This section shows all the information related to the payment methods for the different countries.
Payment method types
| PaymentMediaTypeId | Type | Description |
|---|---|---|
| 1 | CreditCard | Credit Card |
| 2 | DebitCard | Debit Card |
| 3 | PhysicalNetwork | Cash payment |
| 4 | PrePaid | Prepaid card |
| 5 | Loyalty | Loyalty points (Only for 🇺🇾) |
| 7 | BankTransfer | Bank transfer |
Countries Table (ISO-3166-1)
| Code | Country |
|---|---|
| AR | Argentina |
| BR | Brazil |
| CL | Chile |
| CR | Costa Rica |
| CO | Colombia |
| SV | El Salvador |
| EC | Ecuador |
| MX | Mexico |
| NI | Nicaragua |
| PE | Peru |
| PY | Paraguay |
| UY | Uruguay |
What's next?
Brazil
Brazil is the largest economy in Latin America. Digital technology adoption has ballooned in recent years, primarily focused on online commerce, payments, and banking.
Central America
Receive payments in Costa Rica, El Salvador, and Nicaragua using PuntoXpress, Central America’s most extensive cash collection network with regional coverage.
Chile
Chile has a highly globalized domestic market with several Free Trade Agreements, including the United States and China. Purchasing power is one of the highest in the region, and the increased adoption of local credit and debit cards enables eCommerce merchants to gain traction quickly.
Colombia
A diverse country with region-specific consumption preferences, Colombians are early adopters of technology solutions while still clinging to traditional habits. Colombia is one of the startup hubs of Latin America, and new electronic payment methods, including digital wallets, coexist with a diverse list of cash payment solutions.
Ecuador
With Bamboo Payment, design a unique checkout flow by connecting directly to our APIs and offer reliable and effective payment solutions for eCommerce in Ecuador.
Mexico
With a population of 126 million and 50% of internet penetration, the eCommerce in Mexico has exploded in recent years. This trend is expected to continue in the coming years, with an increase in the adoption of financial technologies and the improvement of electronic payment infrastructure in the country.
Paraguay
In Paraguay, the electronic payments market is constantly developing and growing, driven by the population’s expansion of internet access and the adoption of financial technologies. There are still challenges regarding financial inclusion and the massive adoption of these payment methods; hence, the market is expected to grow in the following years.
Peru
The eCommerce in Peru is constantly growing and has recently experienced a boom. According to data from the Cámara de Comercio de Lima, eCommerce in Peru has grown by 95% in the last five years and is expected to continue increasing in the coming years. Furthermore, the eCommerce sector in Peru has been driven by increasing internet penetration and growing consumer confidence in the security of online transactions.
Uruguay
Uruguay has a developing e-commerce industry that is progressively gaining favor with customers. A favorable regulatory framework, rising smartphone usage, and increased internet penetration contributed to Uruguay’s booming e-commerce sector.
