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Nicaragua

Nicaragua has the lowest internet usage in Central America, as well as a notable lack of regulations for online transactions. The majority of those with internet and smartphone access use the services mainly for social media and entertainment. While the eCommerce market is expanding, Nicaragua’s digital payment landscape certainly has a lot of room for growth

Nicaragua flag

Population

6,850,540

Banked Population:

26.03%

Group 427321246

Main industries

Manufacturing, Agriculture, Remittances, the Service Sector, and Imported & Exported goods

Group 427321247

Main imports

Light Rubberized Knitted Fabric, Knit T-shirts, Refined Petroleum, Packaged Medicaments, and Insulated Wire

Group 427321248

Main exports

Gold, Knit T-shirts, Coffee, Insulated Wire, and Frozen Bovine Meat

GDP stats

$2,045.5

Per capita (USD)

10.3%

Growth annually

122

World ranking

Internet usage

45%

Smartphone usage

42%

Credit/debit card usage

17%

Population transacting electronically

25%

Group 427321245 1

Total volume of digital payments projected to reach

$4,369M (USD)

Punto Xpress Nicaragua

Cash

Payment Methods in Nicaragua

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  • Cash

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