New Mastercard study reveals consumers across the region are ready to use digital payments for daily life, from groceries to transport
Miami, United States, 22 April 2026 – A new study by Mastercard shows that Latin America and the Caribbean are moving quickly toward a more digital future. Nearly 9 out of 10 consumers in the region say they are ready to use digital payments for everyday spending, showing strong confidence in cashless transactions and modern financial tools.
The findings suggest that digital payments are no longer limited to online shopping or large purchases. Consumers now want to use cards, mobile wallets, QR payments, and contactless methods for simple daily needs such as groceries, coffee, commuting, and household expenses. Groceries ranked among the top everyday categories where people prefer digital payments.
This shift reflects a major change in consumer behavior. People are choosing faster, safer, and more convenient payment methods instead of relying only on cash. As smartphones become more common and internet access improves, digital finance is becoming easier for millions of users across the region.
Experts say the next stage of financial growth is not just about giving people access to bank accounts. It is about making payment systems useful in real life every day. Consumers want payment options that are smooth, secure, and accepted everywhere they shop.
For businesses, this creates a major opportunity. Retailers, restaurants, transport services, and small merchants that accept digital payments may attract more customers and improve checkout speed. Digital records can also help businesses manage sales, understand spending trends, and build long-term growth.
The report also highlights the evolution of financial inclusion. Instead of simply entering the banking system, consumers now expect tools that help them budget, save, and manage money with confidence. That means payment companies, banks, and fintech firms must continue to improve the user experience and build trust.
As Latin America and the Caribbean continue modernizing commerce, digital payments are set to play a bigger role in everyday life. The message is clear: consumers are ready, and the region’s payment future is becoming increasingly digital.
