e-Commerce and Payments in Costa Rica
One of the first countries in Latin America to adopt contactless payments.
Costa Rica is a thriving market brimming with possibilities for businesses. e-Commerce is steadily expanding in Costa Rica with a diversified populace eager to discover new products and services.
Market Overview
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Population
5.19million
-
Online Population
4.66 million
-
Currency
CRC
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e-Commerce Market Value
$1.56 billion
-
GDP
$71.25 billion
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GDP per Capita
$13,935.00
Available Local Payment Method
Banco Nacional
Type
Bank Transfer, Cash
Regions
South & Central America
Grupo Walmart
Type
Cash
Regions
South & Central America
Payser
Type
Cash
Regions
South & Central America
Red de Pagos Hey
Type
Cash
Regions
South & Central America
Key Takeaways
- Nearly 70% of Costa Ricans own a smartphone with internet connection, while more than 80% have access to the Internet.
- Fashion, electronics, and home appliances are the top three e-commerce product categories. With the introduction of foreign companies like Amazon and Shopify, customer options for online buying have grown even more.
- The growth of e-commerce has also resulted in a more dynamic payment landscape. Traditional payment methods like cash and bank transfers are still widely used, but credit and debit cards are gaining popularity. With the entry of payment gateways online transactions are now more widely available.
