Accept payments in Argentina
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Argentine Payment Market Overview
There are many aspects that confirm the fact that the Argentine market is projected as one of the fastest growing in the next four years. The increase in the use of mobile devices and the consumer features of this country, make that the companies planning to invest in Latin America find in Argentina a promising and effective scenario to compete in global ecommerce.
Argentina has a 45 million population and with a very active consumption behavior. The latest report from CACE (Cámara Argentina de Comercio Electrónico) showed that 90% of the adults connected to the Internet already bought online. The natural evolution of the ecommerce offer and the technology adoption makes that online commerce will keep growing for the next decate by at least 10% per year.
Payment Methods in Argentina
Key Market Indicators in Argentina
Banks in Argentina
Mobile Carriers in Argentina
Integrate Argentine Payment Methods
Argentina, like many emerging markets has a low credit card penetration rate and is home to many unbanked users who do not have access to banking services. The most popular Argentine payment methods for online purchases are prepaid cards and direct carrier billing (mobile payments through SMS). Prepaid cash cards are particularly popular due to digital security concerns within the country.
In Argentina, cash payment options like PagoFacil and RapiPago are important online payment methods. The shopper orders online and pays with cash in specific stores and locations. These cash options are followed by debit and credit cards from MasterCard and VISA.
|E-commerce market size||$7,1 billion|
|Internet penetration rate||86%|
|Mobile penetration rate||59%|
|Cellular technology standard||3G, 4G|
|Dual sim usage||7.73%|
|Popular mobile OS||Android|
|Big Mac Index||2.85|
|Average annual income||$3,765|
|Mar del Plata||593,337|