Payments and e-commerce in Costa Rica

Discover how Costa Ricans like to shop and pay online

Over eighty percent of Costa Ricans have Internet access and almost seventy percent have an Internet-enabled smartphone. The most popular e-commerce site in Costa Rica is Mercadolibre [1]. In 2022, the country’s e-commerce market was worth an estimated US$1.7 billion, expected to rise to US2.7 billion by 2025 [2]. The most popular e-commerce categories in Costa Rica include fashion, toys, electronics, food and personal-care items [3]. 

Exactly 70% of Costa Ricans have a bank account. Costa Rica has also been advanced in adopting digital and alternative payments. It was one of the first countries in Latin America to adopt contactless payments [4]. The value of the digital-payments market in Costa Rica was an estimated US$2.4 billion in 2022 — a figure expected to grow by 13% a year to at least 2027 [5].

  1. https://www.usabusiness.co.in/e-commerce-websites-costa-rica
  2. https://www.statista.com/outlook/dmo/ecommerce/costa-rica
  3. https://merchants.glopal.com/en-gb/google-shopping/costa-rica
  4. https://www.antit.io/blog/costa-rica-at-the-forefront-of-digital-payments
  5. https://www.statista.com/outlook/dmo/fintech/digital-payments/costa-rica

Costa Rica

General Information

  • Population 5.2 m
  • Population 15 + 4.2 m
  • Online Population 4.3 m
  • Area 51,180 km2
  • Currency CRC
  • GDP 61.5 bn $US
  • GDP per Capita 11,751 $US
Banked population
  • Costa Rica 70%
  • South & Central America 58%
  • World 67%
Credit card penetration
  • Costa Rica 16%
  • South & Central America 20%
  • World 19%
Internet penetration
  • Costa Rica 83%
  • South & Central America 73%
  • World 62%
Smartphone penetration
  • Costa Rica 68%
  • South & Central America 64%
  • World 70%

The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.

Costa Rica

Local Payment Methods

BitPay Type Cryptocurrency Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Hyperwallet Type Bank transfer, Gift card, Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PayPal Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Paysera Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Skrill Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Allied Wallet Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High UnionPay SecurePay Type Local payment card Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Boku Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Mobiamo Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Razer Gold Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High SWIFT Type Bank transfer Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Tigo Money Type Wallet Regions South & Central America Market relevance High AstroPay Type Prepaid voucher Regions Asia Pacific, Middle East & Africa, South & Central America + 1 Market relevance Medium Secure Remote Commerce (SRC) Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium Banco LAFISE Type Bank transfer Regions South & Central America Banco Promerica Type Bank transfer Regions South & Central America BN Móvil Type Bank transfer Regions South & Central America Boloro Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 G2A Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium Grupo Mutual Alajuela Type Bank transfer Regions South & Central America NETELLER Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 SafetyPay Type Bank transfer, Cash Regions South & Central America, Western & Central Europe Market relevance High Splitit Type Instalments Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3

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