dLocal announces Emerging Markets Payments Handbook
Tap Into Latin America’s High-Growth Potential

Tap Into Latin America’s High-Growth Potential

With over 300M eCommerce users, Latin America is a high-growth market. dLocal’s local payments include cards, instant payments, and cash options. Scale seamlessly with our single API, ensuring compliance across multiple countries with secure payment processing. * Source: Statista, 2023

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Country List

Argentina

Argentina responds very well to payment innovation, with a penetration rate of 95% for fintech and banking*.

* Source: AMI, 2022

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • Nativa
      Nativa
    • Tarjeta Shopping
      Tarjeta Shopping
    • Cabal
      Cabal
    • Naranja
      Naranja
    • Argencard
      Argencard
    • Maestro
      Maestro
    • American Express
      American Express

  • Wallets

    • MODO
      MODO

  • Cash-based payments

    • Rapipago
      Rapipago
    • Pago Fácil
      Pago Fácil
    • Cobro Express
      Cobro Express

  • Bank Transfers

    • Itaú
      Itaú
    • Citi
      Citi
    • HSBC
      HSBC
    • Credicoop
      Credicoop
    • Macro
      Macro
    • Banco Nación
      Banco Nación
    • Galicia
      Galicia
    • Santander
      Santander
    • BBVA
      BBVA
    • Regular Bank Transfers
      Regular Bank Transfers

  • QR Payment

    • NaranjaX
      NaranjaX
    • Interoperable QR
      Interoperable QR
Learn more about Argentina View Documentation

Bolivia

Bolivia's eCommerce market is small but aiming to grow along with over 7.5 million internet users. With a population of 11.59 million, 51% hold a bank account with a financial institution, but only 7,2% of them have a credit card, and yet 9% have made online purchases.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard

  • Cash-based payments

    • Pago al paso
      Pago al paso

  • QR Payment

    • Vpay
      Vpay
Learn more about Bolivia View Documentation

Brazil

Digitally advanced and with a wide range of online consumers, Brazil is the birthplace of successful real-time payments in Latin America.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • Maestro
      Maestro
    • American Express
      American Express
    • JCB
      JCB
    • Discover
      Discover
    • Aura
      Aura
    • Hipercard
      Hipercard
    • Elo
      Elo
    • Mercado livre
      Mercado livre

  • Wallets

    • PicPay
      PicPay
    • MercadoPago
      MercadoPago
    • nupay nupay

  • Cash-based payments

    • Boleto Bancario
      Boleto Bancario

  • Bank Transfers

    • Itaú
      Itaú
    • Santander
      Santander
    • Regular Bank Transfers
      Regular Bank Transfers
    • Mercadopago
      Mercadopago
    • PicPay
      PicPay
    • PIX
      PIX
    • Caixa
      Caixa
    • Bradesco
      Bradesco
    • Banco do Brazil
      Banco do Brazil

  • PIX

    • Pix Pix
Learn more about Brazil View Documentation

Chile

In recent years Chile has shown impressive economic growth, directly impacting the business opportunities in the country.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • Lider
      Lider
    • Magna
      Magna
    • CMR Falabella
      CMR Falabella
    • MACH
      MACH
    • Red Compra
      Red Compra

  • Wallets

    • MercadoPago
      MercadoPago

  • Cash-based payments

    • Sencillito
      Sencillito
    • Servipag
      Servipag

  • Bank Transfers

    • Itaú
      Itaú
    • Santander
      Santander
    • BBVA
      BBVA
    • Regular Bank Transfers
      Regular Bank Transfers
    • Mercadopago
      Mercadopago
    • Scotiabank
      Scotiabank
    • Banco Falabella
      Banco Falabella
    • Khipu
      Khipu
    • WebPay Red compra
      WebPay Red compra
    • Transbank
      Transbank
Learn more about Chile View Documentation

Colombia

Colombia’s Gross Domestic Product (GDP) is expected to steadily grow 1.8% in 2024, proving that Colombia can represent excellent opportunities for eCommerce in Latin America*.

*Source: OECD, 2023

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • Codensa
      Codensa

  • Wallets

    • MercadoPago
      MercadoPago
    • Nequi Nequi

  • Cash-based payments

    • Efecty
      Efecty
    • Bancolombia
      Bancolombia
    • Baloto
      Baloto
    • Carulla
      Carulla
    • Puntored
      Puntored

  • Bank Transfers

    • Regular Bank Transfers
      Regular Bank Transfers
    • PSE
      PSE
    • Bancolombia
      Bancolombia
Learn more about Colombia View Documentation

Costa Rica

Costa Rica With a population of 5 million and over 1 million eShoppers, Costa Rica has an eCommerce market of $2.3B. Cross border transactions account for 77% of the eCommerce volume. Although eCommerce is projected to shrink 22% in 2020 due to the current pandemic, it is expected to recover in 2021 with a 39% YoY growth.

DLOCAL COSTA RICA, SRL posee todos los permisos de funcionamiento requeridos para operar dentro del territorio costarricense. Dado a lo anterior, y en seguimiento al artículo 24 de la Normativa SGF-11-18 de Superintendencia General de Entidades Financieras (en adelante, la “SUGEF”) se indica: Advertencia: se advierte al público que DLOCAL COSTA RICA es supervisada solamente en materia de prevención de legitimación de capitales, financiamiento al terrorismo y financiamiento de la proliferación de armas de destrucción masiva, y además se encuentra sujeta a disposiciones vinculantes de la Unidad de Inteligencia Financiera del Instituto Costarricense sobre Drogas. Por lo tanto, la SUGEF no supervisa en materia financiera a DLOCAL COSTA RICA, ni los negocios que ofrece, ni su seguridad, estabilidad o solvencia.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • JCB
      JCB
    • Discover
      Discover

  • Cash-based payments

    • PayCash
      PayCash
    • BN Servicios
      BN Servicios

  • Bank Transfers

    • Sinpe
      Sinpe
    • Sinpe Móvil
      Sinpe Móvil
Learn more about Costa Rica View Documentation

Ecuador

eCommerce in Ecuador is still relatively small. Similar to other markets in LATAM, the main reason for consumers not buying online is the lack of trust. However, new technology and information available are shifting people’s behavior, feeling more confident with putting their payment information online, and taking the market to the expected $1.2B in 2020. One particularity that makes this market different is that the main currency is US dollars.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • Alia
      Alia

  • Cash-based payments

    • Pago Efectivo
      Pago Efectivo

  • Bank Transfers

    • Payvalida
      Payvalida
Learn more about Ecuador View Documentation

El Salvador

As the smallest country in continental America, El Salvador’s eCommerce revenue is US$ 500 million with a projected annual growth rate of 11.41%. With only 30% of the population having access to banking services, cash-based solutions and online payment methods dominate the market as almost half of the country’s population are internet users, standing at 45%, and the internet penetration rate is high at 59% for the country of 6 million people.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • JCB
      JCB
    • Discover
      Discover

  • Cash-based payments

    • Puntoexpres
      Puntoexpres
View Documentation

Guatemala

Guatemala boasts a relatively high internet penetration rate of 65%. While cash is the primary method of payment in the market, the country of 16 million people has an eCommerce market value of US$ 240 million that is bolstered by mostly offline cards, despite only 12% of the population using them.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • JCB
      JCB
    • Discover
      Discover

  • Cash-based payments

    • PayCash
      PayCash
    • Akisipuedo
      Akisipuedo

  • Bank Transfers

    • PayCash
      PayCash
Learn more about Guatemala View Documentation

Honduras

As one of the fastest-growing economies in Central America, Honduras’s eCommerce revenue is projected to reach US$ 400 million with an impressive annual growth rate of 12.5%. With 50% of the population having access to banking services, cash-based solutions and online payment methods play a vital role in the market. The country has a significant number of internet users, with 55% of its 10 million residents online and an internet penetration rate of 60%.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • JCB
      JCB
    • Discover
      Discover

  • Cash-based payments

    • Puntoexpres
      Puntoexpres
Learn more about Honduras

Mexico

With a vibrant economic landscape and an ever-evolving digital sphere, Mexico has become the second most important economy in Latin America.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Carnet
      Carnet

  • Wallets

    • MercadoPago
      MercadoPago

  • Cash-based payments

    • OXXO OXXO
    • S PayNet
      S PayNet
    • OXXO pay
      OXXO pay

  • Bank Transfers

    • SPEI
      SPEI
Learn more about Mexico View Documentation

Nicaragua

Nicaragua has a population of 6 million. In 2021, the revenue of eCommerce in Nicaragua amounted to $3B. Only 31% of the population holds an account in a financial institution, and Internet penetration is at 43%.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • JCB
      JCB
    • Discover
      Discover
View Documentation

Panama

Panama has a population of 4.2 million. Ecommerce market was $2.4B in 2019, projected to grow 20% in 2020. Only 50% of the population holds an account in a financial institution, 30% have a debit card and only 10% a Credit Card.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • JCB
      JCB
    • Discover
      Discover
    • Tarjeta clave
      Tarjeta clave

  • Cash-based payments

    • PayCash
      PayCash
    • Punto Pago
      Punto Pago

  • Bank Transfers

    • PayCash
      PayCash
View Documentation

Paraguay

Paraguay is a small and open economy with nearly 7 million people and a GDP of $41 billion. Over the past decade, the Paraguayan economy grew on average 5% annually. The country’s $1.3 billion eCommerce market is growing, as well the country’s internet penetration.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express

  • Cash-based payments

    • Infonet Cobranzas
      Infonet Cobranzas
    • Pago Express
      Pago Express

  • Omnichannel (cash, mobile, bank)

    • PagoPar
      PagoPar

  • QR Payment

    • Bancard
      Bancard
Learn more about Paraguay View Documentation

Peru

Although Peru is one of the smallest eCommerce markets in Latin America and still, a very much cash economy, Peru’s $3.3 billion eCommerce market is growing rapidly. It is forecasted to grow 40% year-over-year through 2019. In 2016, 91% of online sales took place on a desktop and 85% were to local Peruvian merchants.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners

  • Wallets

    • Yape
      Yape

  • Cash-based payments

    • PayCash
      PayCash
    • Pago Efectivo
      Pago Efectivo
    • Payvalida
      Payvalida

  • Bank Transfers

    • Payvalida
      Payvalida
    • Banco de Credito
      Banco de Credito
    • Pago Efectivo
      Pago Efectivo
View Documentation

Dominican Republic

The Dominican Republic has a population of 10.7 million. In 2019, the revenue of eCommerce in the Dominican Republic amounted to $1.8B. 40% of the population is unbanked, and Internet penetration is at 76.8%. Around 20% has a Credit Card and 30% has a Debit Card.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express

  • Bank Transfers

    • Regular Bank Transfers
      Regular Bank Transfers
    • Popular
      Popular
Learn more about Dominican Republic View Documentation

Uruguay

In LATAM, Uruguay is referred to as a ‘país boutique’ or a boutique country. With a small population of 3.4 million and exemplary eCommerce development metrics for Latin America, Uruguay’s eCommerce market is growing at a rapid 31%. Uruguayans are highly computer and mobile literate, and the country’s Internet and smartphone penetration, at 88% and 65% respectively, have positioned Uruguay well ahead of most of its neighbors.

  • Credit and debit cards

    • Visa Visa
    • Mastercard Mastercard
    • American Express
      American Express
    • Diners
      Diners
    • Lider
      Lider
    • OCA Card
      OCA Card

  • Cash-based payments

    • Abitab
      Abitab
    • Redpagos
      Redpagos
Learn more about Uruguay View Documentation
Cameroon Ivory Coast Egypt Ghana Kenya Morocco Nigeria Rwanda Senegal South Africa Tanzania Turkey Uganda Saudi Arabia Bangladesh China Philippines India Indonesia Japan Malaysia Pakistan Thailand Vietnam Argentina Bolivia Brazil Chile Colombia Costa Rica Ecuador El Salvador Guatemala Honduras Mexico Nicaragua Panama Paraguay Peru Dominican Republic Uruguay

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