Solutions for instant payment methods in LATAM

Discover the best solutions for instant payment methods in Latin America. Learn how to optimize your transactions and expand your business with Rebill.

Boost your business with instant payments

Instant payments are revolutionizing the digital commerce landscape in Latin America. With fast processing times and immediate confirmations, these payment methods are essential to improving the customer experience and increasing conversion rates. For companies looking to expand in this dynamic market, having the right instant payment solutions in place is crucial to maximize sales potential and deliver an optimal user experience.

Why choose instant payments?

Accelerated growth

Instant payments have experienced significant growth throughout Latin America. Since 2023, real-time payments are projected to grow at a compound annual growth rate (CAGR) of 21.3% through 2027. Countries such as Brazil, Mexico, Colombia and Argentina have rapidly adopted these payment methods, driving financial inclusion and improving transaction efficiency.

Diversity of solutions

Latin America offers a variety of locally preferred instant payment methods. This diversity is crucial to appeal to different consumer segments and increase conversion rates.

Instant payment solutions in Latin America

PIX in Brazil

PIX is the instant payment system developed by the Central Bank of Brazil. Since its launch in 2020, PIX has revolutionized transactions in the country, enabling real-time payments and transfers 24 hours a day, 7 days a week. More than 70% of the adult population in Brazil uses PIX, demonstrating its broad reach and acceptance. In 2023, PIX accounted for 29% of payments in Brazilian digital commerce.

SPEI in Mexico

SPEI (Sistema de Pagos Electrónicos Interbancarios) is a payment system developed by Banco de México that allows electronic transfers in real time. Since its implementation, SPEI has facilitated millions of transactions daily with high security and efficiency. In 2023, SPEI accounted for a significant portion of digital transactions in Mexico, with more than 50% of digital banking users using this system.

Transfiya and PSE in Colombia

Transfiya is ACH Colombia's instant payment solution that allows real-time money transfers between bank accounts using only a cell phone number. PSE (Pagos Seguros en Línea) is another widely used system in Colombia for instant direct bank transfers. In 2023, both systems saw significant growth in adoption, with Transfiya increasing its use by 150% and PSE consolidating itself as an essential tool for digital commerce in the country.

Mercado Pago, MODO and Ualá in Argentina

Mercado Pago is one of the most popular payment platforms in Argentina, offering instant payment services that enhance the online buying and selling experience. MODO and Ualá are other digital wallets that have gained significant traction in the Argentine market. In addition, the 3.0 transfer service has enabled the interoperability of QR codes for instant payments, further facilitating transactions in the country. In 2023, these platforms contributed to an increase in the adoption of digital payments, with sustained growth in the user base.

Yape in Peru

Yape is a mobile payment application that enables instant transfers between users in Peru. With a growing user base, Yape is transforming the way Peruvians make everyday payments. By 2023, Yape reached more than 10 million active users, facilitating instant and secure payments.

Instant payment market data in Latin America


PIX: Adopted by more than 70% of the adult population.

Real-time confirmation and 24/7 availability.


SPEI: Facilitating financial inclusion with real-time electronic payments.

Accelerated growth in adoption and use.


Transfiya: Real-time transfers using only one phone number.

PSE: Widely used system for direct bank transfers.


Mercado Pago: Popular among digital commerce users.

MODO and Ualá: Digital wallets with a growing user base.

Transfers 3.0: QR interoperability for instant payments.


Yape: Mobile payment application with more than 10 million active users, facilitating instant and secure payments.

Benefits of instant payments

Real-time confirmation

Instant payments enable real-time transaction confirmation, improving operational efficiency and customer experience. This is especially beneficial for companies that need to process orders and services quickly.

Higher conversion and customer satisfaction

Offering instant payment methods increases consumer confidence and improves conversion rates. Shoppers prefer to use fast and secure payment methods.

Risk reduction

Instant payments reduce the risk of fraud and chargebacks, as transactions are verified and confirmed instantly.

Cash flow optimization

Instant payments enable companies to better manage their cash flow, facilitating faster reinvestment of revenues.

Financial inclusion driven by instant payments

In emerging markets, accessibility to the traditional banking system can be an obstacle. In Latin America, approximately 73% of the population has access to a bank account. In this context, alternative payment methods such as digital wallets, PIX, SPEI and PSE bridge the gap between bank accounts and card ownership.