Digital Commerce Expansion, Instant Payments Growth, and AI Adoption Reshape Latin America’s Retail and Financial Services in 2026
This report analyzes how digital commerce, the evolving payments landscape, and artificial intelligence are reshaping retail and financial services across Latin America, providing in-depth coverage of market development, transaction infrastructure, consumer behavior, and enterprise transformation across Brazil, Mexico, Argentina, Colombia, Chile, and Peru.
Latin America’s Digital Commerce Expansion Strengthens Regional Market Structure
Latin America’s digital commerce ecosystem continues to grow, driven by rising mobile usage, expanding transaction volumes, and the increasing importance of E-Commerce within retail. Market activity remains concentrated, with Argentina, Brazil, and Mexico generating over 80% of regional retail E-Commerce sales in 2025. Internet penetration in leading markets such as Chile and Peru is nearing saturation, supporting sustained participation in digital channels.
Instant Payments and Fintech Accelerate Structural Shift in Payments Landscape
The payments sector is experiencing a rapid shift toward digital-first transaction models as instant payment systems and fintech services expand. Payments revenue is expected to triple by 2027, while non-cash transaction volumes are projected to grow at more than +20% CAGR through 2028, surpassing 340 billion transactions. Although cards remain dominant, instant payments and credit transfers continue to gain momentum, with Brazil’s Pix system increasingly shaping both online and in-store payments.
AI Integration Advances Amid Rising Fraud and Enterprise Transformation
AI adoption across Latin America’s payments and E-Commerce industries is accelerating, driven by heightened fraud pressures, evolving regulation, and enterprise digital transformation efforts. Financial institutions and fintech firms are expanding AI use across fraud prevention, customer engagement, credit analysis, and operational optimization. While AI adoption now exceeds global averages in several functional areas, infrastructure limitations and workforce constraints continue to shape implementation trajectories.
Key Questions Answered:
- How fast is Latin America’s digital commerce market growing in 2024-2026?
- What is Latin America’s position in the global payments market in 2027?
- Which Latin American countries lead AI adoption in 2025?
- How is cross-border E-Commerce evolving in Latin America in 2025?
- How are AI regulation and governance evolving in Latin America in 2025?
Countries Covered:
- Argentina
- Brazil
- Chile
- Colombia
- Guatemala
- Mexico
- Peru
Table of Contents
1. Key Takeaways2. Management Summary
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Pix
- MercadoLibre
- Amazon
- Shopee
- SHEIN
- Temu
- TikTok Shop
- Rappi
- Magazine Luiza
- Americanas
- Western Union
- MoneyGram
- Ria
- EBANX
- dLocal
- Spotify
- Uber

