Latin America Mobile Payment Market Size & Outlook
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Latin America mobile payment market highlights
- The Latin America mobile payment market generated a revenue of USD 5,178.4 million in 2023.
- The market is expected to grow at a CAGR of 36.7% from 2024 to 2030.
- In terms of segment, mobile web payment was the largest revenue generating technology in 2023.
- 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 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 5,178.4 million |
| Market revenue in 2030 | USD 46,208.9 million |
| Growth rate | 36.7% (CAGR from 2023 to 2030) |
| Largest segment | Mobile web payment |
| Fastest growing segment | Near Field Communication |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Near Field Communication, Direct Mobile Billing, Mobile Web Payment, SMS, Interactive Voice Response System, Mobile App |
| 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 2023.
- 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Visa Inc Class A | View profile | 28800 | P.O. Box 8999, San Francisco, CA, United States, 94128-8999 | https://www.usa.visa.com |
| American Express Co | View profile | 74600 | 200 Vesey Street, New York, NY, United States, 10285 | https://www.americanexpress.com |
| PayPal Holdings Inc | View profile | 27200 | 2211 North First Street, San Jose, CA, United States, 95131 | https://www.paypal.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Tencent Holdings Ltd ADR | View profile | 104787 | No. 33 Haitian 2nd Road, Tencent Binhai Towers, Nanshan District, Shenzhen, China, People's Republic of, 518054 | http://www.tencent.com |
| Apple Inc | View profile | 161000 | One Apple Park Way, Cupertino, CA, United States, 95014 | https://www.apple.com |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.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 will help companies and investors design strategic landscapes.
Mobile web payment was the largest segment with a revenue share of 23.74% in 2023. Horizon Databook has segmented the Latin America mobile payment market based on near field communication, direct mobile billing, mobile web payment, sms, interactive voice response system, mobile app covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Mobile Payment Technology Outlook (Revenue, USD Million, 2017-2030)
- Mobile Web Payment
- Interactive Voice Response System
- Mobile App
- Others
- Near Field Communication
- Direct Mobile Billing
- SMS
- Latin America Mobile Payment Payment Type Outlook (Revenue, USD Million, 2017-2030)
- B2B
- Others
- B2G
- B2C
- Latin America Mobile Payment Location Outlook (Revenue, USD Million, 2017-2030)
- Proximity Payment
- Remote Payment
- Latin America Mobile Payment End Use Outlook (Revenue, USD Million, 2017-2030)
- Transportation
- Others
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
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Target buyers of Latin America mobile payment market databook
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Our clientele includes a mix of mobile payment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mobile payment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mobile payment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America mobile payment market size, by country, 2017-2030 (US$M)
Latin America Mobile Payment Market Outlook Share, 2023 & 2030 (US$M)
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