Digital is Driving Latin American Payments. Buckle Up.
Use this research to expand your workforce, increase loyalty and reach more consumers by addressing unique payout needs and preferences across this diverse region.
Download your report now to uncover regional and country-specific insights like these:
- LATAM consumers want to receive direct digital payments. Over 50% of respondents prefer to receive their earnings by direct bank transfer.
- Argentinians and Peruvians lead in the adoption of new fintech technology. Over 40% think of themselves as “explorers” of smart payment technology.
- As digital payments grow, security becomes increasingly important. 76% of LATAM consumers say receiving payments safely is the top priority.
- Cash is still one of the most common ways to receive payments for many use cases. However, checks as a form of payment are dying.
Methodology
Rapyd conducted research to reveal consumers’ most preferred and frequently received payout methods across Latin America (LATAM). The research surveyed over 3,000 online consumers in Argentina, Brazil, Chile, Colombia, Mexico and Peru.