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Guatemala

Guatemala

Guatemala
Top e-commerce industries
Electronics
21.1%
Hobby & Leisure
21.1%
Fashion
11.2%
Furniture & Homeware
Care Products
DIY
Grocery
Guatemala City
Capital
17.4M
Population
-6
Time Zone (GMT)
GTQ
Currency
Guatemalan Quetzal
$25.9B
Transactions
value in 2028
26.3%
CAGR
of Digital Payments
during 2025-2028

Popularity of e-commerce payment methods

Bank Transfer
11%
Buy Now Pay Later
1%
Cash-in
2%
Credit Cards
66%
Debit Cards & Prepaid Cards
16%
E-wallet
3%
Mobile Money
3%
Others
1%

Extend your reach

BAM is one of Guatemala’s leading payment systems, offering card-based and bank transfer solutions for in-store and online transactions. Established as a trusted banking institution, BAM supports seamless digital banking, enabling payments via mobile and online platforms, catering to both individual and corporate needs.

Method
BAM
LPM Market Share
7.6%
Payments
Yes
Refunds
Yes - full refunds only
Type
Cash-in
Local Card Scheme
Users
n/a
Disbursements
No
No
Chargebacks
$25.00
Authorization currency
GTQ
Authorization
speed
Instant
Recurring
No
No

Reasons for Popularity

Remittance Reliance: Supports Guatemala's $19.4 billion USD remittance economy, ensuring families and communities receive funds securely and efficiently.

Global Reach: Enables payments to over 200 countries, making it indispensable for businesses and individuals engaging in cross-border trade and transactions.

Extensive Branch Network: With 155+ branches and service points, BAM supports cash payments, making it convenient for both banked and unbanked populations to receive and send international transfers.