Market share of account-to-account (A2A) payments in domestic e-commerce payments in 6 countries and territories in Latin America from 2016 to 2025, with a forecast for 2030

In Latin America, A2A payments made up ** percent of total e-commerce transaction value in 2025, with the highest increase come 2030 expected in Argentina and Peru. This is according to a market model that was repeated over several years for six different individual countries in Latin America - including Mexico. The region is regarded as a hotbed for A2A, partially due to the success of Pix in Brazil. This payment system from the country's central bank - which also uses instant payments, or real-time payments, technology - launched in 2020 and initially focused on P2P transactions. It was also made available for e-commerce, where its low fees competed against both credit cards and debit cards. Other examples of such A2A bank initiatives include MODO in Argentina, Yape and PLIN in Peru, and PSE in Colombia. Mexico's CoDi is also an A2A payment method but is not as popular as the ones elsewhere in Latin America.