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*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Latin America Mobile Payment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Market Overview:

The Latin America mobile payment market is currently witnessing robust growth. 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. On account of these factors, the market is expected to continue its robust growth during the forecast period (2020-2025).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America mobile payment market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, 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
  • Columbia
  • Chile
  • Peru
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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    Columbia
        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$), 2014-2019
Figure 3: Latin America: Mobile Payment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 4: Latin America: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2019
Figure 5: Latin America: Mobile Payment Market: Breakup by Application (in %), 2019
Figure 6: Latin America: Mobile Payment Market: Breakup by Country (in %), 2019
Figure 7: Latin America: Mobile Payment (WAP) Market: Sales Value (in Million US$), 2014 & 2019
Figure 8: Latin America: Mobile Payment (WAP) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 9: Latin America: Mobile Payment (NFC) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Latin America: Mobile Payment (NFC) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Latin America: Mobile Payment (SMS) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Latin America: Mobile Payment (SMS) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Latin America: Mobile Payment (USSD) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Latin America: Mobile Payment (USSD) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Latin America: Mobile Payment (Other Mode of Transactions) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Latin America: Mobile Payment (Other Mode of Transactions) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Latin America: Mobile Payment (Entertainment) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Latin America: Mobile Payment (Entertainment) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Latin America: Mobile Payment (Energy and Utilities) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Latin America: Mobile Payment (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Latin America: Mobile Payment (Healthcare) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Latin America: Mobile Payment (Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Latin America: Mobile Payment (Retail) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Latin America: Mobile Payment (Retail) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Latin America: Mobile Payment (Hospitality and Transportation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Latin America: Mobile Payment (Hospitality and Transportation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Latin America: Mobile Payment (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Latin America: Mobile Payment (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Brazil: Mobile Payment Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Brazil: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2019
Figure 31: Brazil: Mobile Payment Market: Breakup by Application (in %), 2019
Figure 32: Brazil: Mobile Payment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Mexico: Mobile Payment Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Mexico: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2019
Figure 35: Mexico: Mobile Payment Market: Breakup by Application (in %), 2019
Figure 36: Mexico: Mobile Payment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Argentina: Mobile Payment Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Argentina: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2019
Figure 39: Argentina: Mobile Payment Market: Breakup by Application (in %), 2019
Figure 40: Argentina: Mobile Payment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Columbia: Mobile Payment Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Columbia: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2019
Figure 43: Columbia: Mobile Payment Market: Breakup by Application (in %), 2019
Figure 44: Columbia: Mobile Payment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Chile: Mobile Payment Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Chile: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2019
Figure 47: Chile: Mobile Payment Market: Breakup by Application (in %), 2019
Figure 48: Chile: Mobile Payment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Peru: Mobile Payment Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Peru: Mobile Payment Market: Breakup by Mode of Transaction (in %), 2019
Figure 51: Peru: Mobile Payment Market: Breakup by Application (in %), 2019
Figure 52: Peru: Mobile Payment Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Others: Mobile Payment Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Others: Mobile Payment Market Forecast: Sales Value (in Million US$), 2020-2025
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, 2019 and 2025
Table 2: Latin America: Mobile Payment Market Forecast: Breakup by Mode of Transaction (in Million US$), 2020-2025
Table 3: Latin America: Mobile Payment Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 4: Latin America: Mobile Payment Market Forecast: Breakup by Country (in Million US$), 2020-2025
Table 5: Latin America: Mobile Payment Market: Competitive Structure
Table 6: Latin America: Mobile Payment Market: Key Players

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