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Uruguay

Uruguayan Peso (UYU)

Uruguay has shifted towards electronic payments, fueled by government efforts to promote financial inclusion. Payment card numbers, transaction volume, and value have shown strong growth. The prepaid card market has also seen substantial growth, supported by government initiatives.

Population

3,422,794

Banked Population:

74.13%

Group 427321246

Main industries

Tourism & Hospitality, Agriculture, and Service

Group 427321247

Main imports

Crude & Refined Petroleum, Cars, Packaged Medicaments, and Broadcasting Equipment

Group 427321248

Main exports

Sulfate Chemical Woodpulp, Concentrated Milk, Electricity, and Bovine Meat

GDP stats

$20,795

Per capita (USD)

4.9%

Growth annually

77

World ranking

Internet usage

90%

Smartphone usage

73%

Credit/debit card usage

65%

Population transacting electronically

59%

Group 427321245 1

Total volume of digital payments projected to reach

$2,850.00M (USD)

Payment Methods in Uruguay

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