Hamburg, Germany, August 11, 2018 --(PR.com
)-- An indication of the concern for security in online payment throughout the Latin American region is the fact that well over half of online shoppers use authentication methods such as biometrics or SMS codes when paying for purchases online. A survey cited in the new yStats.com report reveals that security issues outweigh the offered convenience of online payment. Fraud-wary consumers in Brazil use a local bank method Boleto Bancario and in Mexico, cash payment at OXXO convenience stores help avoid credit card use directly on E-Commerce sites.
In spite of these concerns, credit cards still are the leading payment method for online purchases in the Latin American region. Mexico provides an exception to the leadership of credit card, as PayPal is used more than plastic in that nation, according to research cited in the yStats.com report. Mobile payment is also catching on in the region. In 2017, Latin America was second only to the Asia-Pacific region globally in the percentage of Internet-connected purchasers using mobile payments.
For further information, see: https://www.ystats.com/wp-content/uploads/2018/07/2018.07.13_Product-Brochure-Order-Form_Latin-America-Online-Payment-Methods_Full-Year-2017.pdf
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