Latin America Real Time Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Latin American Real Time Payments Market is segmented by Payment Type (P2P, P2B) and Country (Brazil, Mexico, Rest of Latin America).

Latin America Real Time Payments Market Size

Latin America Real Time Payments Market Size
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Latin America Real Time Payments Market Analysis

The Latin America Real Time Payments Market is expected to register a CAGR of 15.1% during the forecast period.

  • The real-time payments market in Latin America is booming owing to a decrease in the region's unbanked population, the rising shift towards faster and instant payment services, and the high proliferation of smartphones. Furthermore, the growth is coupled with the growing real-time payment transactions in Brazil and Mexico.
  • In addition, new payment technologies and payment methods like QR codes and real-time payments are rising. Several countries have Real-time payments and fast-payment systems, such as Transferencia 3.0 in Argentina, PIX in Brazil, and SPEI in Mexico.
  • The growth of real-time payments is further supported by increasing smartphone penetration and government regulations in many regional countries. For instance, telecommunications regulation reforms in Mexico have resulted in lower costs for mobile phones and data, which has led to more connectivity and usage, a key component in real-time payments evolution.
  • The COVID-19 pandemic has sharply increased digital transactions in the region. Some people have tried out fintech and real-time payment services for the first time, while existing users have increased their frequency of use. Further, the shift towards contactless and innovative payments has increased the usage of real-time payments in the region.

Latin America Real Time Payments Industry Overview

The competition in the Latin America real-time payments market is moderate, and the market appears to be moderately consolidated. Major market players offer innovative payment solutions and indulge in mergers and acquisitions to gain market share. Major players in the Latin America real-time payments market include ACI Worldwide Inc., Fiserv Inc., Mastercard Inc., and Visa Inc., among others.

  • June 2022 - Buckzy Payments, Inc., a leading real-time cross-border payments platform, announced the expansion of its payments network throughout Central and South America. The Buckzy network now covers eight countries in the LATAM region - Argentina, Brazil, Chile, Colombia, Guatemala, Honduras, Mexico, and Uruguay. As part of the expansion, Buckzy will also deliver virtual account capability in the national currencies of each country for banks, FinTechs, and other providers to offer to their customers.
  • March 2022 - Paysend, the international payments platform, announced the expansion of its money-transfer services to Brazil with PIX, the real-time payment platform created and managed by the Central Bank of Brazil. Through an existing partnership with Banco Rendimento, a prominent player in the foreign exchange market in Brazil, and a robust Payments structure, Paysend's users will be able to transfer funds faster, more securely, and affordably to Brazil via PIX's payments infrastructure.

Latin America Real Time Payments Market Leaders

  1. ACI Worldwide Inc.​

  2. Paypal Holdings Inc.​

  3. VISA Inc.​

  4. Mastercard Inc

  5. Fiserv Inc.​

  6. *Disclaimer: Major Players sorted in no particular order
ACI Worldwide Inc.​, Paypal Holdings Inc.​, VISA Inc.​, Mastercard Inc, Fiserv Inc.​
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Latin America Real Time Payments Market News

  • March 2022 - AstroPay, the online payment solution of choice of over five million users globally, announced the expansion of Payment Links across Latin America, now launching in Peru, Chile, Mexico, and Colombia. This is part of the company's plans to introduce it worldwide following the first launch in Brazil in December 2021. Payment Links is AstroPay's newest capability, designed for small and medium-sized enterprises (SMEs) to enable business owners to collect online and remote payments by simply sharing the link with their customers and get paid instantly, easily, and securely.
  • November 2021 - Mastercard announced that it had acquired Arcus FI, an alum of the company's Start Path program, to support the delivery of bill pay solutions and other real-time payment applications across Latin America. With offices in New York and Mexico City, Arcus helps enable bill pay and cash-in, cash-out services for some of the biggest billers, retailers, fintechs, and traditional financial institutions in the U.S. and Mexico, with expansion into Latin America. Its flagship solution, the Arcus Pay Network, has access to the largest retailers and a direct connection with many of the largest billers in Mexico.

Latin America Real Time Payments Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definitions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness-Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers/Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Evolution of the payments landscape in Latin America
  • 4.4 Key market trends pertaining to the growth of cashless transaction in Latin America
  • 4.5 Impact of COVID-19 on the payments market in Latin America

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Smartphone Penetration
    • 5.1.2 Immediacy and Ease of Convenience of the Real Time Payments
  • 5.2 Market Challenges
    • 5.2.1 Payment Fraud and Security Issues With Instant Payments
  • 5.3 Market Opportunities
    • 5.3.1 Government Policies Encouraging the Growth of Digital Paymentis expected to aid the growth of Real Time Payment methods amongst commoners
  • 5.4 Key Regulations and Standards in the Digital Payments Industry
    • 5.4.1 Regulatory Landscape Across Latin America
    • 5.4.2 Business Models with Potential Regulatory Roadblocks
    • 5.4.3 Scope for Development in Lieu of Evolving Business Landscape
  • 5.5 Analysis of major case studies and use-cases
  • 5.6 Analysis of Real Payments Transactions as a share of all Transactions with a regional breakdown of key countries by volume and transacted value
  • 5.7 Analysis of Real Payments Transactions as a share of Non-Cash Transactions with a regional breakdown of key countries by volumes

6. Market Segmentation

  • 6.1 By Type of Payment
    • 6.1.1 P2P
    • 6.1.2 P2B
  • 6.2 By Country
    • 6.2.1 Brazil
    • 6.2.2 Mexico
    • 6.2.3 Rest of Latin America

7. Competitive Landscape

  • 7.1 Company Profiles
    • 7.1.1 ACI Worldwide Inc.
    • 7.1.2 Paypal Holdings Inc.
    • 7.1.3 VISA Inc.
    • 7.1.4 Mastercard Inc.
    • 7.1.5 Fiserv Inc.
    • 7.1.6 FIS Global
    • 7.1.7 Paysend PLC
    • 7.1.8 Apple Inc.
    • 7.1.9 SafetyPay
    • 7.1.10 Riya Money Transfer
  • *List Not Exhaustive

8. Investment Analysis

9. Future Outlook of the Market

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Latin America Real Time Payments Industry Segmentation

Real-time payments, also called immediate or instant payments, refer to interbank money transfers wherein both the payer's and the receiver's bank accounts are updated instantly upon initiating a payment transaction. Real-time payments describe the ability to make and receive payment on any day, at any time.

The Latin American Real-Time Payments Market is segmented by Payment Type (P2P, P2B) and Country (Brazil, Mexico, Rest of Latin America).

By Type of Payment P2P
P2B
By Country Brazil
Mexico
Rest of Latin America
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Latin America Real Time Payments Market Research FAQs

What is the current Latin America Real Time Payments Market size?

The Latin America Real Time Payments Market is projected to register a CAGR of 15.1% during the forecast period (2025-2030)

Who are the key players in Latin America Real Time Payments Market?

ACI Worldwide Inc.​, Paypal Holdings Inc.​, VISA Inc.​, Mastercard Inc and Fiserv Inc.​ are the major companies operating in the Latin America Real Time Payments Market.

What years does this Latin America Real Time Payments Market cover?

The report covers the Latin America Real Time Payments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Real Time Payments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Latin America Real Time Payments Industry Report

Statistics for the 2025 Latin America Real Time Payments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Real Time Payments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Latin America Real Time Payments Report Snapshots

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Latin America Real Time Payments Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)