Nicaragua:
discover the payments market.

The onset of the COVID-19 pandemic led to a massive 539% year on year growth in 2020, demonstrating a new acceptance among the population regarding online shopping as an alternative sales channel.

The market in Nicaragua

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E-commerce

More and more online payments and purchases are being made in Nicaragua every day, with men representing 9.6% and women 4.1% of a total of 3.1 million active internet users.

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Internet penetration

Internet use grew by 6.9% year on year in Nicaragua to a total of 3.1 million people which equates to 47% of the population.

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Payment methods

Cash is the most common method of payment, compared to credit and debit card use or wire transfers.

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Access to banking

Just 2% of Nicaraguans have a credit card, 8% use debit cards, and 14% have a savings account with a financial institution. The country is working to improve these figures by fostering financial education and inclusion.

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Payment methods

Nicaragua

Cash

Download our Nicaragua guide