Argentina Payments Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Argentina payments market is expected to register a CAGR of 15.6% from 2022 to 2027. The growth of E-commerce has shaped the development of the market. Enterprises are also attempting to implement their point-of-sale systems to expand their digital payment options. For example, retail behemoths like Shopify and Amazon are building point-of-sale systems that can handle both online and in-store transactions. As a result of these developments, banks are being encouraged to upgrade their digital payment systems to maintain their market positions. Governments worldwide are raising the limit on contactless payment cards, opening up new industry potential.
Key HighlightsThe Argentina Payment market is fragmented, with a significant number of players in the market. However, a few large players in the market, such as PayU, occupy a considerable share of the market. The competitive rivalry in the market is high, with various players trying to increase their revenue. Players such as PagoFacil and RapiPago are also trying to increase their share in the market. As such, the market players are undertaking various strategies such as enhancing the product portfolio, among various others. Moreover, the growing e-commerce industry is also encouraging the development of payment methods across the country.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook