El Salvador

SV · SLV · 222Latin AmericaUSD $17 methods

5 sources

E-commerce market estimated at US$1.1 billion in 2024, growing at ~10% CAGR to 2029.

$1.1 bn

e-commerce spend

3.6M

online population

~30%

banked adults

~15%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryShare

Cash45%
Card35%
Bank Transfer12%
E-Wallet / Mobile Money5%
Cryptocurrency2%
Other1%

Methods in use

top 8 of 17

MethodType

All 17 methods in El Salvador →

Checkout behaviour

Bitcoin legal tender law passed 2021; mandatory acceptance removed December 2024 under IMF agreement.

Bitcoin usage for payments fell from 25.7% (2021) to just 8.1% (2024).

Facts

ISO 3166: SV · SLV · 222
Region: Latin America
Population: 6.5M
Currency: USD $
Banked adults: ~30%
Methods live: 17
Banks covered: 16

Largest banks

Compare with

Jamaica Bolivia Paraguay Nicaragua

Sources

En
Moneyness
Nber
Statista
5 sources in total

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