Empowering
Subscription Businesses In Latin America And Africa
Are you ready to seize the booming Latin American subscription market, set to exceed $30 billion by 2025? Or how about fast-growing subscription economies such as Nigeria and South Africa?
With EBANX's subscription solution through Zuora, you can enhance recurring payment execution and fuel growth across Brazil, Mexico, South Africa, Colombia, Nigeria, Chile, Peru, and eight other markets.
Meet The Markets Covered By Ebanx + Zuora:
Latin America
Reach the largest Latin American markets by accepting credit and debit cards, including local card schemes, and alternative payment methods.
Brazil
Market Info & Payment Methods Available
Brazil is the largest economy and online population in Latin America.
The Brazilian subscription economy witnessed a remarkable 167% surge over the last four years.
Subscription clubs in Brazil generated BRL 1 billion in revenue in 2022.
Sources: PCMI
Mexico
Market info & Payment Methods Available
Mexico boasts 79% internet access, leading to the highest mobile digital commerce penetration in Latin America.
With a digital commerce market worth US$ 74.5 billion, Mexico holds the second-largest position in Latin America.
The Mexican subscription market is projected to grow by 31% from 2022 to 2026, surpassing the global average of 25%.
Sources: PCMI
Colombia
Market Info & Payment Methods Available
Colombia ranks as the third-largest digital commerce market in LatAm, valued at USD 42.3 billion, marking a 30% growth in the last year.
The subscription market penetration in Colombia ranges from 43% to 65% of Colombians having at least one subscription.
Colombia's subscription economy has had an annual growth rate of 20% over the past three years.
Sources: PCMI/La república.co
Chile
Market Info & Payment Methods Available
Chile has the highest internet penetration in Latin America.
87% of adult Chileans make online purchases.
Consumer spending in Chile nearly doubles the Latin American average.
Sources: PCMI
Peru
Market Info & Payment Methods Available
Peru is the fastest-growing online market in Latin America.
Over the past decade, Peru's economy has doubled the growth rate of the Latin American average.
As of 2022, monthly subscription costs for entertainment platforms in Peru accounted for 10.2% of the average monthly salary of Peruvians.
Sources: PCMI
Other Markets
Argentina
Payment Methods Available
Uruguay
Payment Methods Available
Paraguay
Payment Methods Available
Costa Rica
Payment Methods Available
Guatemala
Payment Methods Available
Panama
Payment Methods Available
Dominican Republic
Payment Methods Available
El Salvador
Payment Methods Available
Africa
Expand your subscription business across the burgeoning South African and Nigerian markets with the most suitable payment methods.
South Africa
Market Info & Payment Methods Available
South Africa is the third largest digital commerce market in Africa, worth USD 7 billion in 2023.
South Africa counts on consistent levels of internet connectivity, with around 78% penetration.
The South African subscription economy is projected to reach over $820 million by 2025.
Sources: PCMI/Africanews
Nigeria
Market Info & Payment Methods Available
Nigeria is the largest digital commerce market in Africa, worth USD 15 billion. By 2026, it will double its size, reaching USD 33 billion.
Nigeria is the most populous country in Africa and nearly half (58 million) of its adult population buys online.
Over 60% of consumers in Nigeria are under 30 – an appealing market opportunity for digital enterprises.
Sources: PCMI
The Local Processing Solution In Latam & Africa Powered By Zuora & Ebanx
How It Works:
Get in touch with Zuora to Activate EBANX
Through EBANX, you will go through a standard enrollment process including a custom proposal and contract.
Payment Configuration
In Zuora's platform, select EBANX as your payment provider. Then pick the countries and payment methods available that you'd like to add to your business operations.
Start Transacting
It's all set! EBANX's partnership with Zuora was designed to fasten your go-to-market, simplify operations, and be a plug-and-play solution for you in Latin America and Africa.