Territories - Latin America

Costa Rica’s payment landscape is a blend of traditional and modern methods, reflecting its growing digital economy and e-commerce sector. Traditional payments, such as cash and bank transfers, remain prevalent, but there is a significant shift towards digital solutions. E-commerce is expanding rapidly, with the market projected to reach $2.5 billion by 2025. Alternative payments, including mobile wallets like SINPE Móvil and international services like PayPal, are gaining traction, particularly among younger, tech-savvy consumers. Credit and debit card usage is also widespread, supported by a robust banking infrastructure. The increasing adoption of digital payments is driven by the need for convenience and security, making Costa Rica a dynamic and evolving payment environment.