COVID-19 The pandemic continues to cause unprecedented disruption across industries worldwide. Get detailed insights regarding the impact of COVID-19 on the market.
Latin America Mobile Payment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
The Latin America mobile payment market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to continue its robust growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Mobile payment is used to initiate, confirm and authorize financial transactions in exchange for goods and services. It is conducted through various payment instruments, such as bank accounts, debit or credit cards, gift cards and mobile wallets. It generates a code and sends it over the air (OTA), which keeps payment information encrypted. At present, mobile payment is gaining traction in the Latin America region on account of the rising utilization of smartphones and the increasing penetration of the internet.
Mobile payment is more secure, convenient and easy-to-use as compared to other forms of payments. This, along with the rising trend of cashless payment solutions, represents one of the major factors bolstering the market growth in the Latin America region. Moreover, market players are integrating mobile payment solutions with advanced technologies, such as wearables, biometrics and blockchain, to enhance security, which, in turn, is positively influencing the market growth. Furthermore, the growing number of online transactions due to the thriving e-commerce sector and the sudden spread of the coronavirus disease (COVID-19) is anticipated to strengthen the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America mobile payment market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on mode of transaction and application.
Breakup by Mode of Transaction:
WAP
NFC
SMS
USSD
Others
Breakup by Application:
Entertainment
Energy and Utilities
Healthcare
Retail
Hospitality and Transportation
Others
Breakup by Country:
Brazil
Mexico
Argentina
Colombia
Chile
Peru
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2020
Historical Period
2015-2020
Forecast Period
2021-2026
Units
US$ Million
Segment Coverage
Mode of Transaction, Application, Country
Countries Covered
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
How has the Latin America mobile payment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Latin America mobile payment market?
What are the key regional markets?
What is the breakup of the market based on the mode of transaction?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Latin America mobile payment market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology 3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends 5 Latin America Mobile Payment Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast 6 Market Breakup by Mode of Transaction
6.1 WAP
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 NFC
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 SMS
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 USSD
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast 7 Market Breakup by Application
7.1 Entertainment
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Energy and Utilities
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Healthcare
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Retail
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Hospitality and Transportation
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast 8 Market Breakup by Country
8.1 Brazil
8.1.1 Market Trends
8.1.2 Market Breakup by Mode of Transaction
8.1.3 Market Breakup by Application
8.1.4 Market Forecast
8.2 Mexico
8.2.1 Market Trends
8.2.2 Market Breakup by Mode of Transaction
8.2.3 Market Breakup by Application
8.2.4 Market Forecast
8.3 Argentina
8.3.1 Market Trends
8.3.2 Market Breakup by Mode of Transaction
8.3.3 Market Breakup by Application
8.3.4 Market Forecast
8.4 Colombia
8.4.1 Market Trends
8.4.2 Market Breakup by Mode of Transaction
8.4.3 Market Breakup by Application
8.4.4 Market Forecast
8.5 Chile
8.5.1 Market Trends
8.5.2 Market Breakup by Mode of Transaction
8.5.3 Market Breakup by Application
8.5.4 Market Forecast
8.6 Peru
8.6.1 Market Trends
8.6.2 Market Breakup by Mode of Transaction
8.6.3 Market Breakup by Application
8.6.4 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Breakup by Mode of Transaction
8.7.3 Market Breakup by Application
8.7.4 Market Forecast 9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats 10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes 12 Price Analysis
13 Policy and Regulatory Landscape
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: Latin America: Mobile Payment Market: Major Drivers and Challenges
Figure 2: Latin America: Mobile Payment Market: Sales Value (in Million US$), 2015-2020
Figure 3: Latin America: Mobile Payment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Latin America: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2020
Figure 5: Latin America: Mobile Payment Market: Breakup by Application (in %), 2020
Figure 6: Latin America: Mobile Payment Market: Breakup by Country (in %), 2020
Figure 7: Latin America: Mobile Payment (WAP) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Latin America: Mobile Payment (WAP) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Latin America: Mobile Payment (NFC) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Latin America: Mobile Payment (NFC) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Latin America: Mobile Payment (SMS) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Latin America: Mobile Payment (SMS) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Latin America: Mobile Payment (USSD) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Latin America: Mobile Payment (USSD) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Latin America: Mobile Payment (Other Mode of Transactions) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Latin America: Mobile Payment (Other Mode of Transactions) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Latin America: Mobile Payment (Entertainment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Latin America: Mobile Payment (Entertainment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Latin America: Mobile Payment (Energy and Utilities) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Latin America: Mobile Payment (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Latin America: Mobile Payment (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Latin America: Mobile Payment (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Latin America: Mobile Payment (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Latin America: Mobile Payment (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Latin America: Mobile Payment (Hospitality and Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Latin America: Mobile Payment (Hospitality and Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Latin America: Mobile Payment (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Latin America: Mobile Payment (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Brazil: Mobile Payment Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Brazil: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2020
Figure 31: Brazil: Mobile Payment Market: Breakup by Application (in %), 2020
Figure 32: Brazil: Mobile Payment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Mexico: Mobile Payment Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Mexico: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2020
Figure 35: Mexico: Mobile Payment Market: Breakup by Application (in %), 2020
Figure 36: Mexico: Mobile Payment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Argentina: Mobile Payment Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Argentina: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2020
Figure 39: Argentina: Mobile Payment Market: Breakup by Application (in %), 2020
Figure 40: Argentina: Mobile Payment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Colombia: Mobile Payment Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Colombia: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2020
Figure 43: Colombia: Mobile Payment Market: Breakup by Application (in %), 2020
Figure 44: Colombia: Mobile Payment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Chile: Mobile Payment Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Chile: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2020
Figure 47: Chile: Mobile Payment Market: Breakup by Application (in %), 2020
Figure 48: Chile: Mobile Payment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Peru: Mobile Payment Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Peru: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2020
Figure 51: Peru: Mobile Payment Market: Breakup by Application (in %), 2020
Figure 52: Peru: Mobile Payment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Mobile Payment Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Mobile Payment Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Latin America: Mobile Payment Industry: SWOT Analysis
Figure 56: Latin America: Mobile Payment Industry: Value Chain Analysis
Figure 57: Latin America: Mobile Payment Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Latin America: Mobile Payment Market: Key Industry Highlights, 2020 and 2026
Table 2: Latin America: Mobile Payment Market Forecast: Breakup by Mode of Transaction (in Million US$), 2021-2026
Table 3: Latin America: Mobile Payment Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Latin America: Mobile Payment Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 5: Latin America: Mobile Payment Market: Competitive Structure
Table 6: Latin America: Mobile Payment Market: Key Players
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
This site uses cookies (including third-party cookies) to record user’s preferences which help us to
enhance our services. For further information review our Privacy Policy.