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Latin American Online Shoppers Reflect Concern for Online Payment Security: Report

“Latin America Online Payment Methods: Full Year 2017,” a new publication form Germany-based research firm, includes a survey reflecting the concern for payment security in online purchase transactions of Latin American shoppers. The publication synthesizes information on online payment in four major markets of the region.

Hamburg, Germany, August 11, 2018 --( 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 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 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.

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Press Contact: GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 - 39 90 68 50
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Founded in 2005 and headquartered in Hamburg, Germany, is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
Contact Information GmbH & Co. KG
Yücel Yelken
+49 (0)40 39 90 68 50

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