Payments and e-commerce in Puerto Rico

Discover how Puerto Ricans like to shop and pay online

The most popular online purchases in Puerto Rico are personal care items, household goods, fashion and electronics [1]. In a population of three million, one million are regular online shoppers [2]. The average shopper spends almost US$200 a year with e-merchants [2]. In 2022, the national chamber of commerce launched a new e-commerce platform, to encourage the growth of online sales.

Over 70% of the population has a bank account and almost 80% has an Internet connection. This makes reaching Puerto Rican consumers relatively straightforward. Most of these are mobile-Internet connections, with just 21% of Puerto Ricans having fixed-line broadband [3]. This makes a mobile-first strategy a must for any merchant planning to break into the Puerto Rican market.

  1. https://www.statista.com/statistics/1197513/puerto-rico-leading-products-bought-online
  2. https://www.theweeklyjournal.com/business/e-commerce-gaining-strength/article_5d3d441e-e090-11ea-a9bc-b301cc023e9b.html
  3. https://www.itu.int/en/ITU-D/Statistics/Pages/stat/default.aspx

Puerto Rico

General Information

  • Population 3.1 m
  • Population 15 + 2.6 m
  • Online Population 2.4 m
  • Area 9,104 km2
  • Currency USD
  • GDP 106.6 bn $US
  • GDP per Capita 34,491 $US
Banked population
  • Puerto Rico 72%
  • South & Central America 58%
  • World 67%
Credit card penetration
  • Puerto Rico 26%
  • South & Central America 20%
  • World 19%
Internet penetration
  • Puerto Rico 78%
  • South & Central America 73%
  • World 62%
Smartphone penetration
  • Puerto Rico 67%
  • 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.

Puerto Rico

Local Payment Methods

BitPay Type Cryptocurrency Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 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 Samsung Pay 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 Secure Remote Commerce (SRC) Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium 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 NETELLER Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Splitit Type Instalments Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3

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