LATIN AMERICA'S merchant acquiring market is undergoing a period of liberalisation which is creating opportunities for new players and, for the first time, opening up the possibility of a regional market as distinct from a collection of individual markets. Two merchant acquiring models have predominated in this region, which is less mature than those of North America or Europe: the first of these, acquiring exclusivity, had been the marked characteristic across many markets, though there has been a gradual liberalisation of acquiring markets which has accelerated in recent years; the second model is one in which the main issuing banks collectively control the acquiring space.
Latin America's acquirers have experienced strong growth during the past several years, both in terms of volumes and the average number of transactions per adult. The region is dominated by Brazil, which, in absolute terms, is by far the leader, although other markets, such as Chile and Mexico, have also progressed. Financial inclusion is a goal of authorities across the region, which has led regulators to liberalise acquiring markets and to introduce caps on maximum merchant service charges.
This extensive research report looks in detail across the card acquiring landscape in Latin America providing a clear understanding of the key trends and drivers of change in this market, backed up with detailed market data.
Merchant Acquiring Latin America is essential reading for cards and payments professionals seeking to understand and profit from developments in the region's merchant services market. Contact us for an online demo or to find out more.
Verisk Financial Research delivers comparative market and competitor intelligence on merchant acquiring and processing, retail banking, consumer credit, payments cards and e-commerce markets. Country Reports provide invaluable market and competitor intelligence on card payments markets in 72 countries.
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