Annual commercial and consumer payments revenue in LATAM 2014-2022, by product type
Consumer-based credit card transactions were the main contributor to Latin America's payments revenue, with a value six times that of commercial credit cards. The source compares the region to the world overall: Commercial made up 53 percent of global payments revenue, compared to 47 percent for consumer payments in 2022. This distribution was reversed for Latin America, with consumer-driven payments making up 54 percent of overall revenue and 46 percent of commercial payments. The source calls Latin America predominantly card-driven, possibly due to the major role of credit cards in Latin American e-commerce.