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Argentina

Discover the payments market in Argentina

Argentina is the second largest country in Latin America and the fourth most populated country in the region, with a population of 45 million people. It has 18 million e-shoppers, who spend an average of 350 dollars each online annually.

The market in Argentina

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E-commerce

Electronic commerce in Argentina brought in revenues of 10 billion dollars in 2020, representing a 124% increase from the previous year.

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Internet penetration

This is a very digital market: 80% of the population has internet access and this percentage continues to grow.

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Payment methods

The majority of Latin American countries rely on cash-based payments, and so does Argentina. The biggest provider is Pago Fácil, which offers bill and tax payments in nearly 4,000 stores across the country.

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Access to banking

In Argentina, 40% of the population use banking services. Around 10 million people access banking services digitally and use different digital payment systems.

Payment methods

Argentina

Cash