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Which payment methods are important in growth markets?

Get informed about the most essential global and local payment methods around the world

Experienced online merchants know that offering the right payment methods in the right places is one of the most important keys to success when it comes to global business expansion.

 

The growth of e-commerce has created new and easier opportunities for businesses to enter new markets.  But there are still many important aspects of localization for merchants to consider, even when selling online.

 

And while factors like language and product specifications are often more obvious priorities, merchants must pay attention to the entire customer journey up to the point of checkout and beyond. The selection of online payment methods merchants offer can have a big influence on customer decision-making at checkout – and could be the difference between an abandoned cart and a successful conversion. At the same time, offering a wide variety of reliable global and local payment method options is one way that merchants can avoid misplaced fraud triggers and prevent declined payments.

 

Still, many of the most popular payment method preferences in local markets can often seem obscure and unknown to cross-border merchants. For merchants that aspire to sell globally, understanding payment choices in prospective markets is therefore a critical component to market research and preparation for international expansion.

 

What are some of the key payment methods in growth markets around the world?  Browse our new Payment Methods Encyclopedia below – and learn more about some of the most important ways that global customers like to pay for e-commerce goods and services.

Explore payment methods

Click on the cards to visit the dedicated page for each payment method. New payment methods are added regularly.
apple pay

Apple Pay

A digital wallet solution for customers globally

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paypal

PayPal

PayPal is an American company operating a worldwide online payments.

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mastercard

MasterCard

Mastercard is one of the world’s leading global payment technology companies.

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visa

Visa

Visa is a global financial services corporation.

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BBVA infographic PayU payment methods encyclopedia

BBVA México

Cash-based payment method that also allows customers to check out via online banking.

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amex

American Express

A global credit card solution

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Bancolombia infographic PayU payment methods encyclopedia

Bancolombia

Colombian bank and popular online payment method for paying via direct bank transfer.

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ING Bank infographic PayU payment methods encyclopedia

ING

Easy bank transfers for customers in Poland

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Unicredit infographic PayU payment methods encyclopedia

UniCredit

Instant bank transfer payment method popular in the Czech Republic and CEE.

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Axis Bank infographic PayU payment methods encyclopedia

AXIS Bank

A convenient net banking solution for shoppers in India

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Mobicred

Mobicred

Mobicred is simple and convenient credit facility.

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Carte Bleue

Carte Bleue

Carte Bleue is the most widely used payment card in France.

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PagoEfectivo

PagoEfectivo

PagoEfectivo is revolutionizing Peruvian e-commerce through digital payments.

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Multibanco

Multibanco

Multibanco is a bank transfer payment solution in Portugal.

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Ozow

Ozow

Ozow is empowering South African e-commerce through seamless digital payments.

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Dankort

Dankort

Dankort is the national debit card powering Danish digital transactions.

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Paraf

Paraf

Paraf is empowering Turkish transactions with installments.

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Nest bank

Nest Bank

Nest Bank is a bank transfer payment method in Poland.

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Discover Miles

Discovery Miles

Discovery Miles is guiding the landscape of South African e-commerce.

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Bancontact

Bancontact

Bancontact is the most important payment scheme for the Belgian market.

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Argencard

ArgenCard

Argencard is a leading payment solution in Argentina.

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BKM Express

BKM Express

BKM Express is an empowering digital payments in Turkey.

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Cordobesa

Cordobesa

Cordobesa is an argentine payment solution for the digital age.

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Farmacias Benavides

Farmacias Benavides

Farmacias Benavides is a payment method for shoppers in Mexico.

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GrabPay

GrabPay

GrabPay is a mobile wallet in South Asia.

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Rabbit Line Pay

Rabbit Line Pay

Rabbit Line Pay is revolutionizing digital payments in Thailand.

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TrustPay

TrustPay

TrustPay is an instant online bank transfer.

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Via Baloto

Via Baloto

Via Baloto is an offline cash payment voucher option in Colombia.

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viamo

Viamo

Viamo is a bank transfer payment method.

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Vodafone Cash

Vodafone Cash

Vodafone Cash is pioneering digital payments in Ghana.

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unionpay

UnionPay

UnionPay is empowering global e-commerce and digital payments.

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tarjeta Ripley

Tarjeta Ripley

Tarjeta Ripley is revolutionizing Chilean e-commerce with a co-branded payment solution.

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RCS

RCS

RCS is revolutionizing African e-commerce with innovative payment solutions.

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RIPSA

RIPSA

RIPSA is revolutionizing cash payments in Argentina’s digital landscape.

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OVO

OVO

OVO is transforming Indonesian e-commerce with digital payment.

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Provincia Net

Provincia Net

Provincia Net is empowering Argentinian e-commerce with a seamless payment solution.

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komercni banka

Komercni Banka

Komercni Banka is simplifying Czech e-commerce with bank transfer payment.

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credits

Credimas

Credimas is empowering digital payments in Argentina.

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EFT

EFT

EFT is empowering Kenyan e-commerce with seamless online payments.

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cobro express

Cobro Express

Cobro Express is empowering Argentine e-commerce with local billing services.

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Amazon Pay

Amazon Pay

Amazon Pay is an online payment platform that ensures speedy and secure checkout.

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Alipay

Alipay

Alipay is a pioneering global e-commerce through mobile payment excellence.

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CMR Falabella

CMR Falabella is a credit card co-branded with MasterCard.

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Samba

Samba

Samba is a card-scheme issuing a charge card.

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Maximum

Maximum

Maximum is a regional card that enables installment-based transactions.

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Nexo

Nexo

Nexo is a MasterCard co-branded credit card in Argentina.

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Bonus

Bonus

Bonus is a local card supporting transactions with installments.

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Elo

Elo

Elo is a domestic card brand in Brazil.

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Advantage

Advantage

Advantage is a regional card facilitating installment-based transactions.

Advantage
Nequi

Nequi

Nequi is a digital wallet and financial platform.

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capitec pay

Capitec Pay

Capitec Pay is a mobile payment service provided by one of the major retail banks in South Africa….

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click to pay

Click to Pay

Click to Pay is an online payment technology developed by major card networks.

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payshap

PayShap

PayShap is an easy and convenient way to send and receive money through a mobile application.

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WeChat

WeChat

WeChat Pay is a digital e-wallet function for seamless mobile payments through the app.

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world

World

World is a local card supporting transactions with installments.

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Bank of Maharashtra

Bank of Maharashtra

Bank of Maharashtra is a major public sector bank in India.

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bsmart

bsmart

Bsmart is a local card-scheme that gives you cash back for purchases at certain retailers.

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Rapipago infographic PayU payment methods encyclopedia

Rapipago

Rapipago is one of Argentina’s most important alternative payment methods.

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Efecty infographic PayU payment methods encyclopedia

Efecty

Efecty is a nationwide cash voucher system for online purchases in Colombia.

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Naranja infographic PayU payment methods encyclopedia

Naranja

Naranja is a popular local credit card and instant payment app in Argentina.

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Fio Banka infographic PayU payment methods encyclopedia

Fio Banka

Fio Banka is a go-to option for customers paying via online bank transfer in the Czech Republic.

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UPT infographic PayU payment methods encyclopedia

Universal Payment Transfer (UPT)

UPT is Turkey’s first national global money transfer platform.

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Cencosud infographic PayU payment methods encyclopedia

Cencosud

Cencosud is a popular credit card used across Argentina, Brazil, Chile, Colombia, and Peru.

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Getin Bank infographic PayU payment methods encyclopedia

Getin Bank

Getin Bank is one of Poland’s leading options for payment via direct online bank transfer.

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Hipercard infographic PayU payment methods encyclopedia

Hipercard

Hipercard is a popular local credit and one of the most widespread payment methods in Brazil.

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ItzCash infographic PayU payment methods encyclopedia

ItzCash

ItzCash is one of India’s oldest alternative payment methods..

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Farmacias del Ahorro infographic PayU payment methods encyclopedia

Farmacias del Ahorro

Cash-based alternative payment method administered through a network of Mexican pharmacies.

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Banco de Bogotá infographic PayU payment methods encyclopedia

Banco de Bogotá

A cash payment method for online purchases available through Colombia’s oldest commercial bank.

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CSOB infographic PayU payment methods encyclopedia

CSOB

Leading Czech bank offering pre-filled direct bank transfer form as an online payment method.

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Pago Fácil infographic PayU payment methods encyclopedia

Pago Fácil

Pago Fácil is a popular cash-based alternative payment method in Argentina.

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Davivienda infographic PayU payment methods encyclopedia

Davivienda

Direct transfer and cash-based payment method available via a leading Colombian bank.

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Oxxo infographic PayU payment methods encyclopedia

Oxxo

Mexican convenient store offering the country’s leading cash-based alternative payment method.

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Oriental Bank infographic PayU payment methods encyclopedia

Oriental Bank

Indian payment method for completing e-commerce orders via online banking.

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Cordial infographic PayU payment methods encyclopedia

Cordial

Locally-branded Mastercard popular with e-commerce customers in Argentina.

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Cabal infographic PayU payment methods encyclopedia

Cabal

Popular local credit and debit card used across multiple Latin American markets.

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mBank infographic PayU payment methods encyclopedia

mBank

Poland’s first fully online bank is also a popular payment method for e-commerce orders.

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Payflex infographic PayU payment methods encyclopedia

Payflex

Leading Buy Now, Pay Later (BNPL) payment method available in South Africa.

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PhonePe infographic PayU payment methods encyclopedia

PhonePe

PhonePe is one of the leading digital wallets in the Indian market.

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Bancolombia infographic PayU payment methods encyclopedia

IndusInd Bank

Indian bank with popular direct transfer payment method available via online banking.

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PIX infographic PayU payment methods encyclopedia

PIX

PIX is popular payment method created and supported by the Brazilian Central Bank.

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Paysafecard infographic PayU payment methods encyclopedia

Paysafecard

Prepaid voucher-based payment method that can be purchased offline.

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Maestro infographic PayU payment methods encyclopedia

Maestro

One of the world’s most popular debit cards, used in over 90 countries.

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Bank of Baroda infographic PayU payment methods encyclopedia

Bank of Baroda

Popular Indian payment method available through online banking.

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JAL card infographic PayU payment methods encyclopedia

JAL Card

Popular local credit card issued in Japan through Japan Airlines.

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Credit Agricole infographic PayU payment methods encyclopedia

Credit Agricole

Bank transfer payment method available via pay-by-link in Poland.

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Union Bank infographic PayU payment methods encyclopedia

Union Bank of India

Online banking system that allows to transfer funds online through the bank’s website

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PSE infographic PayU payment methods encyclopedia

PSE

Online bank transfers for shoppers in Colombia

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JCB infographic PayU payment methods encyclopedia

JCB

JCB is a credit card from Japan used by over 130 million customers in 23 countries.

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State Bank of India infographic PayU payment methods encyclopedia

State Bank of India

The platform allows customers to transfer funds online through State Bank of India’s website

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7-eleven infographic PayU payment methods encyclopedia

7-Eleven

Cash payment methods in 7-Eleven branches.

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HDFC infographic PayU payment methods encyclopedia

HDFC

HDFC Bank: Smooth online banking for shoppers in India

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iDEAL infographic PayU payment methods encyclopedia

iDeal

Real-time payments for customers in the Netherlands

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paytm

PayTM

A digital wallet for customers in India

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icici

ICICI

An online banking solution for customers in India

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citibank

Citibank

An online banking solution for customers in India

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deutsche brank

Deutsche Bank

A net banking solution for customers in India

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aura

Aura

Credit card payments for customers in Brazil

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federal bank

Federal Bank

Easy online transfers for customers in India

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Troy

Troy

Easy card payments for customers in Turkey

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millennium

Millennium

Easy bank transfers for customers in Poland

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