Visa, Mastercard, Amex, Discover market share against each other in LATAM 2009-2023
In 2022, Visa still had the majority of all general purpose card payments within the Latin America region - although its market share remained relatively unchanged. Mastercard followed, accounting for about 40 percent of the purchase volume in the region that year. This is somewhat of a decline of its position as between 2018 and 2019 MasterCard's market share increased in favor of that of American Express. In 2022, Brazil was the Latin American country with the highest number of credit cards.
