Latin America Mobile Payment Market Size & Outlook
The mobile payment market in Latin America is expected to reach a projected revenue of US$ 46,208.9 million by 2030. A compound annual growth rate of 38.5% is expected of Latin America mobile payment market from 2025 to 2030.
Revenue, 2024 (US$M)
$6,813.3
Forecast, 2030 (US$M)
$46,208.9
CAGR, 2025 - 2030
38.5%
Report Coverage
Latin America
Global Market
Related Markets
Latin America mobile payment market highlights
- The Latin America mobile payment market generated a revenue of USD 6,813.3 million in 2024.
- The market is expected to grow at a CAGR of 38.5% from 2025 to 2030.
- In terms of segment, mobile web payment was the largest revenue generating technology in 2024.
- Near Field Communication is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 6,813.3 million |
| Market revenue in 2030 | USD 46,208.9 million |
| Growth rate | 38.5% (CAGR from 2025 to 2030) |
| Largest segment | Mobile web payment |
| Fastest growing segment | Near Field Communication |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mobile Web Payment, Interactive Voice Response System, Mobile App, Near Field Communication, Direct Mobile Billing, SMS |
| Key market players worldwide | Alphabet Inc Class A, Alibaba Group Holding Ltd ADR, Amazon.com Inc, Apple Inc, American Express Co, PayPal Holdings Inc, Samsung Electronics Co Ltd, Visa Inc Class A, Tencent Holdings Ltd ADR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.7% of the global mobile payment market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 216,218.9 million by 2030.
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Mobile Payment Market Scope
Mobile Payment Market segmentation & scope
Others
Mobile Payment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Amazon.com Inc | View profile | 1,525,000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | www.amazon.com |
| Apple Inc | View profile | 161,000 | One Apple Park Way, Cupertino, CA, United States, 95014 | www.apple.com |
| Tencent Holdings Ltd ADR | View profile | 104,787 | No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, China, People's Republic of, 518054 | www.tencent.com |
| Alphabet Inc Class A | View profile | 180,895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | www.abc.xyz |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Alibaba Group Holding Ltd ADR | View profile | 204,891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | www.alibabagroup.com |
| PayPal Holdings Inc | View profile | 27,200 | 2211 North First Street, San Jose, CA, United States, 95131 | www.paypal.com |
| American Express Co | View profile | 74,600 | 200 Vesey Street, New York, NY, United States, 10285 | www.americanexpress.com |
| Visa Inc Class A | View profile | 28,800 | P.O. Box 8999, San Francisco, CA, United States, 94128-8999 | www.usa.visa.com |
Latin America Mobile Payment Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Mobile Payment Market Outlook will help companies and investors design strategic landscapes.
Mobile Web Payment was the largest segment with a revenue share of 31.51% in 2024.
Horizon Databook has segmented the Latin America mobile payment market based on mobile web payment, interactive voice response system, mobile app, near field communication, direct mobile billing, sms covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Mobile Payment Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Near Field Communication
- Direct Mobile Billing
- Mobile Web Payment
- SMS
- Interactive Voice Response System
- Mobile App
- Others
- Latin America Mobile Payment Market Payment Type Outlook (Revenue, USD Million , 2018-2030)
- B2B
- B2C
- B2G
- Others
- Latin America Mobile Payment Market Location Outlook (Revenue, USD Million , 2018-2030)
- Remote Payment
- Proximity Payment
- Latin America Mobile Payment Market End Use Outlook (Revenue, USD Million , 2018-2030)
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
- Transportation
- Others
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Target buyers of Mobile Payment Market Outlook databook
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Mobile Payment Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Mobile Payment Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Mobile Payment Market, 2018-2030 (US$M)
Latin America mobile payment market statistics, by technology, 2018-2030 (US$M)
