Which is a common payment method in Latin America?

In Latin America, vouchers are a prevalent payment method, particularly because they address issues related to credit access and banking infrastructure limitations in the region. Many people in Latin America may not have access to traditional banking services or credit cards, making vouchers an attractive alternative for making payments. These vouchers can often be purchased in local convenience stores and used to pay for online services or products, bridging the gap for individuals who are unbanked.

Additionally, using vouchers can provide a sense of security for consumers who may be concerned about online fraud or identity theft. They can also facilitate payments for those who prefer cash transactions while still accessing digital marketplaces. The convenience and accessibility of vouchers in various payment networks underscore their significance in the Latin American payment landscape.