Central and South America is highly diverse, economically and culturally. In Brazil, the economy grew at a rate of 1. Chile suffered a wave of riots and protests at the end of By the middle of , the volume of retail sales in Colombia was growing at a rate of The flipside to this is that Colombia currently hosts 1.
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Although credit cards have a huge impact in some LATAM countries such as Brazil, Chile and Argentina , alternative payment types such as cash, local digital wallets and local card schemes have a significant share of the online checkout. Below, can be found a list of the main characteristics of the Top 10 Alternative Payment Solutions which are currently covered by BoaCompra as a payment aggregator. Upon checkout, shoppers confirm their details and get a payment voucher. Rapipago is part of GIRE, a leading financial services company and the largest processor of electronic billing, collection, payment, and transaction processing services in Argentina. During the checkout, the shopper prints a payment coupon. The shopper then makes the payment in cash at any Rapipago payment agent. Once the payment has been received, the merchant is notified so that the product can be delivered. It can even be used in supermarkets. It is easy to use anywhere, and a bank account is not mandatory. Belonging to UOL — the largest content, technology, services and digital payment media company in Brazil — PagSeguro has in its portfolio payment solutions for e-commerce, virtual stores, and for commercial establishments.
Pagofacil is a payment service in Argentina that allows its users to send money, top up their cell phone and payments. Pagofacil can be used for online purchases and for offline payment at 4, locations. Please see below for the Payment Service Providers that enable ecommerce merchants to accept Pagofacil payments. E-wallets will equal cards as the most popular payment method globally. With one single, secure platform, we power transactions for businesses across the globe. As a cross-border payments provider, BoaCompra enables international merchants to accept local payment methods in any of the countries where we operate: Brazil, Argentina, Chile, Colombia, Mexico, Peru, Uruguay, Turkey, Portugal and Spain. PayU is a comprehensive operator of online payments. The highest level of provided services is guaranteed by innovative technological platforms, high functionality, stable development as well as a wide and constantly extended offer. Your customers can use the checkout they trust and pay with the payment method they know increasing your conversion rate and sales. Computop offers local and innovative omnichannel solutions for payment processing and fraud prevention around the world.
The startup estimates that by the second half of March it will be in full swing in Peru. The fintech from Santiago offers startups as well as small and medium-sized enterprises SMEs an online payment platform. Not to mention, it is secure.