In the third quarter of 2024, large banks in the United States were increasing their interest rate spreads on credit card loans significantly more than other domestic banks. The percentage of large banks increasing their interest rate spread on credit cards minus the percentage of those decreasing that spread was *** percent, which means that there were significantly more banks of that size increasing their spread on those rates.

Graph and download economic data for Net Percentage of Large Domestic Banks Increasing Spreads of Interest Rates Over Banks' Cost of Funds on Credit Card Loans (SUBLPDCLCTSLGNQ) from Q1 1996 to Q4 2025 about funds, cost, credit cards, spread, large, domestic, Net, percent, loans, interest rate, banks, depository institutions, interest, rate, and USA.

The interest rate for credit cards in the UK grew to an all-time high in May 2025, even though the base rate for the Bank of England grew at a slower pace that month. Credit card interest rates tend to be significantly higher than other forms of lending, and the United Kingdom is no exception to this. By May 2025, the average interest rate had increased to ***** percent. The Bank of England base rate stood at **** percent since April 2025 – which was not yet the highest value observed. Nevertheless, the central bank's interest rate grew slower than that of credit cards.

Graph and download economic data for Commercial Bank Interest Rate on Credit Card Plans, All Accounts (TERMCBCCALLNS) from Nov 1994 to Aug 2025 about credit cards, consumer credit, loans, consumer, interest rate, banks, depository institutions, interest, rate, and USA.

The global credit card market is experiencing steady growth, projected to reach a value of $14.31 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 3.67% from 2019 to 2033. This growth is fueled by several key factors. The increasing adoption of digital payment methods, coupled with rising e-commerce transactions and a growing global middle class with increased disposable income, are major drivers. Furthermore, innovations in credit card technology, such as contactless payments and enhanced security features, are boosting consumer confidence and driving market expansion. The competitive landscape is characterized by a mix of large multinational banks like Bank of America Merrill Lynch, JP Morgan Chase, and Banco Itau, alongside regional players such as Bank of East Asia and Hang Seng Bank. These institutions are constantly striving for market share through competitive interest rates, rewards programs, and targeted marketing campaigns. While regulatory changes and potential economic downturns pose potential restraints, the overall outlook for the credit card market remains positive, driven by ongoing technological advancements and evolving consumer preferences. The market segmentation, while not explicitly detailed, is likely diverse, encompassing different card types (e.g., premium, standard, co-branded), payment networks (Visa, Mastercard, American Express, Discover), and customer demographics (age, income, location). The regional breakdown is also crucial for understanding market dynamics, with certain regions expected to exhibit higher growth rates than others due to factors such as economic development, financial inclusion initiatives, and technological penetration. Further research into specific regional data would help to refine this analysis and identify key growth opportunities for stakeholders. Continued monitoring of macroeconomic indicators and evolving consumer behavior will be vital for accurate forecasting and strategic decision-making within the credit card market. Key drivers for this market are: Usage of Credit Card give the bonus and reward points. Potential restraints include: Interest rates on Credit Card. Notable trends are: Increasing Number of Visa Credit Cards Internationally.

Credit card issuers generate revenue from cardholders primarily through fees and interest earned on revolving credit. Companies compete by offering customers lower interest rates, flexible and secure payment options and rewards programs based on spending levels. Over the past five years, industry revenue has grown at a CAGR of 1.6% to $178.6 billion, including an expected jump of 0.6% in 2025 alone. Industry profit has climbed to 31.6% in 2025, up from 11.9% in 2020. Improving employment and consumer spending levels and promoting increases in revolving balances are expected to support performance. Revenue declined both in 2020 and 2021 due to the economic volatility. Since then, revenue has crawled along, as the consumer price index has climbed which has contributed to the aggregate household debt to jump as consumers are increasingly using their credit cards for purchases, pushing demand and revenue higher. Competing economic trends and technology adoption will determine industry growth. Performance will continue to improve as consumer spending keeps increasing. However, while national unemployment is likely to decline and support demand for credit cards, Federal Reserve Board actions to stem inflation may threaten revenue generation. In addition, mounting industry competition in rewards programs will challenge profit margins. External competitive threats from companies providing Buy Now Pay Later expand consumers' credit options. These appealing new low or no-interest financing plans offered directly from sellers on social media platforms seamlessly link products to payment, bypassing industry operators' similar payment offerings. Emerging technologies like cryptocurrencies and artificial intelligence systems represent a significant opportunity for credit card issuers to secure market share and reduce costs. Overall, credit card issuing revenue is set to increase at a CAGR of 0.8% to $185.9 billion over the five years to 2030.

Credit Cards Market size was valued at USD 14.31 Billion in 2023 and is projected to reach USD 17.50 Billion by 2030, growing at a CAGR of 4.2% during the forecast period 2024-2030.Global Credit Cards Market DriversThe growth and development of the Credit Cards Market can be credited with a few key market drivers. Several of the major market drivers are listed below:Spending Patterns of Consumers: The credit card market is largely driven by the spending patterns and preferences of consumers. Credit cards are in greater demand as a practical payment option as consumers move more and more toward cashless transactions and online shopping.Situation of the Economy: A number of economic indicators, including inflation, GDP growth, and employment rates, have an impact on disposable income and consumer confidence, which in turn have an impact on credit card usage. Consumers tend to spend more and sometimes use credit cards when the economy is expanding.Interest Rates: The cost of borrowing and the allure of credit cards are impacted by fluctuations in interest rates set by central banks. While higher interest rates may cause consumers to cut back on spending and become more concerned about repaying their debt, lower rates may encourage consumers to use credit cards more frequently.Rewards and Incentives: To draw in new business and keep existing ones, credit card companies provide a range of rewards, cashback plans, travel perks, and incentives. Attractive rewards programs have the power to increase credit card usage and sway customer decisions.Technological Innovation: New developments in digital banking, contactless payments, and smartphone wallets are transforming the credit card industry. Credit card issuers are investing in technological innovations to improve security and convenience as a result of consumers' increasing adoption of digital payment methods.Regulatory Environment: Market dynamics are influenced by rules that govern the credit card industry, such as data security standards, interchange fee laws, and consumer protection laws. The pricing strategies, product offerings, and profitability of card issuers can all be impacted by changes in regulations.Demographic Trends: The adoption and use of credit cards are influenced by demographic factors such as urbanization, population growth, and shifting lifestyles. Younger generations—Gen Z and millennials in particular—are more likely to use mobile banking and digital payments, which is increasing demand for credit cards with cutting-edge features.

The credit card penetration in the United States was forecast to continuously increase between 2024 and 2029 by in total *** percentage points. After the seventh consecutive increasing year, the credit card penetration is estimated to reach ***** percent and therefore a new peak in 2029. The penetration rate refers to the share of the total population who use credit cards.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to *** countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the credit card penetration in countries like Canada and Mexico.

Credit card charge-off rates reached their highest level in over 14 years by Q2 2024, as borrowers struggled to keep up with debts. This is according to figures gathered by the Federal Reserve from U.S. chartered commercial banks. Credit card became an increasingly more common way to pay after the coronavirus pandemic, as is shown in the distribution of different types of loans in the United States. U.S. consumers had built up their cash reserves, making them eligible to get a credit card. The high charge-off rates were joined by the highest U.S. credit card delinquency rates since the Financial Crisis of 2008.

Credit card debt in the United States has been growing at a fast pace between 2021 and 2025. In the fourth quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans, as credit card debt decreased from *** billion U.S. dollars in the last quarter of 2019 to *** billion U.S. dollars in the first quarter of 2021. What portion of Americans use credit cards? A substantial portion of Americans had at least one credit card in 2025. That year, the penetration rate of credit cards in the United States was ** percent. This number increased by nearly seven percentage points since 2014. The primary factors behind the high utilization of credit cards in the United States are a prevalent culture of convenience, a wide range of reward schemes, and consumer preferences for postponed payments. Which companies dominate the credit card issuing market? In 2024, the leading credit card issuers in the U.S. by volume were JPMorgan Chase & Co. and American Express. Both firms recorded transactions worth over one trillion U.S. dollars that year. Citi and Capital One were the next banks in that ranking, with the transactions made with their credit cards amounting to over half a trillion U.S. dollars that year. Those industry giants, along with other prominent brand names in the industry such as Bank of America, Synchrony Financial, Wells Fargo, and others, dominate the credit card market. Due to their extensive customer base, appealing rewards, and competitive offerings, they have gained a significant market share, making them the preferred choice for consumers.

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View quarterly updates and historical trends for US Net Percentage of Domestic Banks Reporting Increasing Spreads of Interest Rates Over Banks' Cost of Fu…

The size of the Credit Cards Market was valued at USD 14.31 Million in 2023 and is projected to reach USD 18.42 Million by 2032, with an expected CAGR of 3.67% during the forecast period. Recent developments include: May 2023: Singapore's DBS Bank looks to complete its retail product offering by adding a super-premium credit card as soon as this week as it seeks to consolidate its position two-and-a-half years after acquiring Lakshmi Vilas Bank (LVB)., May 2023: NPCI leans on bank partnerships to push RuPay credit cards.. Key drivers for this market are: Usage of Credit Card give the bonus and reward points. Potential restraints include: Interest rates on Credit Card. Notable trends are: Increasing Number of Visa Credit Cards Internationally.

The credit card penetration in Thailand was forecast to continuously increase between 2024 and 2029 by in total 36.8 percentage points. After the fifteenth consecutive increasing year, the credit card penetration is estimated to reach 67.53 percent and therefore a new peak in 2029. Notably, the credit card penetration of was continuously increasing over the past years.The penetration rate refers to the share of the total population who use credit cards.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the credit card penetration in countries like Malaysia and Philippines.

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Credit Card Payments Market Size 2025-2029

The credit card payments market size is forecast to increase by USD 181.9 billion, at a CAGR of 8.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing prevalence of online transactions. The digital shift in consumer behavior, fueled by the convenience and accessibility of e-commerce platforms, is leading to a surge in credit card payments. Another key trend shaping the market is the adoption of mobile biometrics for payment processing. This advanced technology offers enhanced security and ease of use, making it an attractive option for both consumers and merchants. However, the market also faces challenges. In developing economies, a lack of awareness and infrastructure for online payments presents a significant obstacle. Bridging the digital divide and educating consumers about the benefits and security of online transactions will be crucial for market expansion in these regions. Effective strategies, such as partnerships with local financial institutions and targeted marketing campaigns, can help overcome this challenge and unlock new opportunities for growth.

What will be the Size of the Credit Card Payments Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by advancements in technology and shifting consumer preferences. Payment optimization through EMV chip technology and payment authorization systems enhances security and streamlines transactions. Cross-border payments and chargeback prevention are crucial for businesses expanding globally. Ecommerce payment solutions, BNPL solutions, and mobile payments cater to the digital age, offering flexibility and convenience. Payment experience is paramount, with user interface design and alternative payment methods enhancing customer satisfaction. Merchant account services and payment gateway integration enable seamless transaction processing. Payment analytics and loyalty programs help businesses understand customer behavior and boost retention. Interchange fees, chargeback management, and dispute resolution are essential components of credit card processing. Data encryption and fraud detection ensure payment security. Multi-currency support and digital wallets cater to diverse customer needs. Customer support and subscription management are vital for maintaining positive relationships and managing recurring billing. Processing rates, settlement cycles, and PCI compliance are key considerations for businesses seeking efficient and cost-effective payment solutions. The ongoing integration of these elements shapes the dynamic and evolving credit card payments landscape.

How is this Credit Card Payments Industry segmented?

The credit card payments industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userConsumer or individualCommercialProduct TypeGeneral purpose credit cardsSpecialty credit cardsOthersApplicationFood and groceriesHealth and pharmacyRestaurants and barsConsumer electronicsOthersGeographyNorth AmericaUSCanadaEuropeGermanyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaArgentinaBrazilRest of World (ROW).

By End-user Insights

The consumer or individual segment is estimated to witness significant growth during the forecast period.The market is a dynamic and evolving landscape that caters to businesses and consumers alike. Recurring billing enables merchants to automatically charge customers for goods or services on a regular basis, streamlining the payment process for both parties. EMV chip technology enhances payment security, reducing the risk of fraud. Payment optimization techniques help businesses minimize transaction costs and improve authorization rates. Cross-border payments facilitate international business, while chargeback prevention measures protect merchants from revenue loss due to disputed transactions. Ecommerce payment solutions provide convenience for consumers and merchants, with payment gateway integration ensuring seamless transactions. Rewards programs and buy now, pay later (BNPL) solutions incentivize consumer spending. Mobile payments and digital wallets offer flexibility and convenience. Merchants can accept various payment methods, including cryptocurrencies, and benefit from payment analytics and conversion rate optimization. Payment volume continues to grow, necessitating robust fraud detection systems and multi-currency support. Customer support is crucial for resolving disputes and addressing payment issues. Alternative payment methods cater to diverse consumer preferences. The payment experience is key to customer retention and a

Introduction

Credit Card Statistics: A credit card is a widely used financial tool that allows consumers to make purchases or withdraw cash on credit, accruing debt to be repaid later. As of Q4 2024, Americans held approximately USD 1.21 trillion in credit card debt, marking a 4% increase from the previous year. The average credit card balance per consumer reached USD 6,730, up by 3.5% from 2023.

In the same period, the number of credit card accounts in the U.S. rose to about 617 million. Globally, Visa and Mastercard have approximately 1.3 billion and 1.1 billion credit cards in circulation, respectively. Credit cards accounted for 32% of all payment transactions in 2023, reflecting their significant role in consumer spending. However, 22% of credit card users make only minimum payments, indicating potential financial strain. Additionally, credit card delinquency rates rose to 3.6% in Q4 2024, highlighting challenges in debt repayment. These statistics underscore the importance of responsible credit card usage and financial management.

Credit cards also allow customers to build a debt balance that is related to the interest being charged. Let’s shed more light on “Credit Card Statistics†through this article.

Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data was reported at 84.860 % pa in Mar 2025. This records an increase from the previous number of 83.890 % pa for Feb 2025. Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data is updated monthly, averaging 39.390 % pa from Jul 2002 (Median) to Mar 2025, with 273 observations. The data reached an all-time high of 125.950 % pa in Mar 2024 and a record low of 25.660 % pa in May 2007. Argentina Lending Rate: Monthly Average: Domestic Currency: Credit Cards data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M006: Lending Rate: Non Financial Private Sector.

Secured Credit Card Platform Market Outlook

According to our latest research, the global secured credit card platform market size reached USD 3.8 billion in 2024, demonstrating robust expansion driven by increasing credit awareness and digital banking adoption. The market is poised to grow at a CAGR of 10.2% from 2025 to 2033, surging to an estimated USD 9.2 billion by 2033. This growth is primarily fueled by the rising demand for accessible credit solutions among underbanked populations, continuous digital innovation, and the growing need for credit-building tools worldwide.

One of the primary growth factors propelling the secured credit card platform market is the significant increase in financial inclusion initiatives globally. Governments and financial institutions are actively working to bring unbanked and underbanked individuals into the formal financial system. Secured credit cards, which require a cash deposit as collateral, are being promoted as an ideal entry point for individuals with limited or no credit history. The digital transformation of banking services has further simplified the application and management process for secured credit cards, making them more accessible through online platforms and mobile apps. This democratization of credit access is expected to continue driving market growth, especially in emerging economies where traditional credit card penetration remains low.

Another key driver is the surge in digital banking and fintech innovations, which have revolutionized how secured credit card platforms operate. The integration of artificial intelligence, machine learning, and advanced analytics into these platforms has enabled more personalized risk assessments and faster approval processes. These technological advancements not only enhance the customer experience but also reduce operational costs for issuers. As a result, a wider range of secured credit card products tailored to various customer segments—such as students, small business owners, and individuals rebuilding credit—are now available in the market. The proliferation of digital channels and the growing comfort with online financial services among consumers are expected to further accelerate adoption rates.

Additionally, the increased focus on credit education and financial literacy programs is positively impacting the secured credit card platform market. Financial institutions and non-profit organizations are investing heavily in educating consumers about the importance of credit scores and responsible credit usage. Secured credit cards are often featured in these programs as a safe and effective way to build or repair credit. The rising awareness of the long-term benefits of maintaining a healthy credit profile is encouraging more consumers to opt for secured credit card products. This trend is particularly pronounced among younger demographics and first-time credit users, who are increasingly seeking tools to establish a solid financial foundation.

From a regional perspective, North America continues to dominate the secured credit card platform market, accounting for the largest share in 2024. The region benefits from a mature banking infrastructure, high consumer awareness, and a robust regulatory environment that supports credit-building initiatives. However, Asia Pacific is emerging as the fastest-growing market, driven by rapid urbanization, expanding middle class, and aggressive digital banking adoption. Europe and Latin America are also witnessing steady growth, supported by ongoing efforts to enhance financial inclusion and digital transformation in the banking sector. The Middle East & Africa region, while still nascent, presents significant untapped potential as financial literacy and digital infrastructure continue to improve.

Card Type Analysis

The secured credit card platform market is segmented by card type into traditional secured credit cards, rewards secured credit cards, student secured credit cards, business secured credit cards, and others. Traditional secured credit cards remain the most widely adopted, offerin

Business Credit Cards Market Outlook

The global business credit cards market size was valued at approximately USD 1.5 trillion in 2023 and is projected to reach around USD 2.6 trillion by 2032, reflecting a compound annual growth rate (CAGR) of 6.6% during the forecast period. One key growth factor driving this market is the increasing demand for credit cards among SMEs for better cash flow management and financial flexibility.

The rise in global trade and the expansion of multinational corporations significantly contribute to the growth of the business credit cards market. Companies are increasingly seeking ways to manage their finances efficiently, and business credit cards offer a range of benefits, such as expense tracking, rewards programs, and improved cash flow management. Additionally, technological advancements, including the adoption of AI and machine learning in credit risk assessment, are making it easier for financial institutions to offer business credit cards to a broader customer base, thereby propelling market growth.

Another significant growth driver is the increasing inclination of businesses towards digital payments. This shift is not only driven by the convenience and security offered by credit cards but also by various regulatory measures promoting cashless transactions. With the global push towards digitalization, businesses of all sizes are adopting business credit cards for their routine transactions, further fueling the market. Moreover, the COVID-19 pandemic has accelerated the digital payment trend, as businesses look to reduce physical contact and streamline their payment processes.

The competitive landscape is also playing a pivotal role in the market's expansion. Financial institutions and fintech companies are continually innovating to offer customized business credit card solutions. These innovations include enhanced security features, reward programs tailored to business needs, and integration with accounting software. Such offerings are attracting a wide range of enterprises, from small start-ups to large corporations, thus driving the market's growth.

Credit Cards have become an indispensable tool for businesses of all sizes, offering not just a means of payment but also a strategic financial instrument. They provide businesses with the flexibility to manage cash flow efficiently, allowing for the deferment of payments and the ability to make large purchases without immediate cash outflow. This is particularly beneficial for small and medium enterprises (SMEs) that often face cash flow challenges. Furthermore, credit cards offer detailed expense tracking and reporting, enabling businesses to monitor their spending patterns and make informed financial decisions. The integration of credit cards with accounting software further simplifies financial management, making them an attractive option for businesses looking to streamline their operations.

Regionally, North America holds a significant share of the business credit cards market, attributed to the high adoption rate of digital payment solutions and the presence of major market players. Europe is also witnessing substantial growth, driven by the increasing number of SMEs and the flourishing e-commerce sector. The Asia Pacific region is expected to register the highest CAGR, owing to rapid economic growth and digitalization efforts in countries like China and India.

Card Type Analysis

The business credit cards market is segmented by card type, including travel credit cards, cashback credit cards, low-interest credit cards, balance transfer credit cards, and others. Travel credit cards are particularly popular among businesses with frequent travel requirements. These cards offer benefits such as travel insurance, airport lounge access, and reward points on travel expenditures, making them a preferred choice for corporate travelers. The growth of the global travel and tourism industry further enhances the demand for travel credit cards.

Cashback credit cards are gaining traction due to their straightforward value proposition. Businesses can earn a percentage of their expenditures back as cash, which can be reinvested into the business or used to offset future expenses. This type of card is especially appealing to small and medium enterprises (SMEs) that are keen on maximizing their savings. The simplicity and immediate benefits of cashback cards make them a widely adopted choice among various business segments.

Credit Card Market Outlook

According to our latest research, the global credit card market size reached USD 1.04 trillion in 2024, fueled by a robust surge in digital payments and evolving consumer preferences. The market is projected to expand at a CAGR of 7.8% from 2025 to 2033, reaching an estimated value of USD 2.09 trillion by 2033. This growth is primarily attributed to the widespread adoption of cashless transactions, rapid technological advancements in payment processing, and an increasing focus on financial inclusion across both developed and emerging economies.

One of the principal growth factors for the credit card market is the ongoing digital transformation of the global financial ecosystem. The proliferation of smartphones and mobile internet access has led to a significant shift in consumer behavior, with more individuals opting for digital payment solutions over traditional cash transactions. This trend is further amplified by the integration of advanced security features such as biometric authentication, tokenization, and real-time fraud detection, which enhance user confidence and drive higher credit card adoption rates. Additionally, the increasing penetration of e-commerce and the expansion of online retail platforms have created a fertile environment for credit card usage, as consumers seek convenience, speed, and rewards from their payment methods.

Another key driver of the credit card market's expansion is the intensifying competition among financial institutions to capture a larger share of the payments landscape. Banks, credit unions, and non-banking financial institutions are continuously innovating their product offerings by introducing co-branded cards, customized rewards programs, and exclusive benefits tailored to specific consumer segments. The rise of fintech companies has also disrupted the traditional credit card ecosystem, fostering greater product differentiation and encouraging incumbents to enhance their digital capabilities. This competitive dynamism not only spurs market growth but also leads to improved customer experiences and greater financial accessibility for underserved populations.

The global credit card market is further propelled by favorable regulatory frameworks and government initiatives aimed at promoting cashless economies and enhancing financial literacy. Policymakers across various regions are actively encouraging the adoption of digital payment instruments through incentives, awareness campaigns, and the development of secure payment infrastructure. These measures have contributed to the formalization of financial services, particularly in emerging markets where large segments of the population remain unbanked or underbanked. As a result, credit card issuers are increasingly targeting these regions with tailored products and outreach programs, thereby expanding their customer base and driving overall market growth.

In the realm of financial services, Card Portfolio Analytics has emerged as a crucial tool for financial institutions aiming to optimize their credit card offerings. By leveraging advanced data analytics, institutions can gain insights into consumer spending patterns, credit utilization, and payment behaviors. This enables them to tailor their products to better meet the needs of different customer segments, enhance risk management, and improve overall portfolio performance. The integration of machine learning and artificial intelligence in card portfolio analytics further allows for predictive modeling, helping issuers anticipate market trends and consumer demands. As the credit card market continues to evolve, the ability to effectively analyze and manage card portfolios will be a key differentiator for financial institutions seeking to maintain a competitive edge.

From a regional perspective, North America continues to dominate the credit card market, accounting for the largest share due to its mature financial infrastructure, high consumer awareness, and widespread acceptance of electronic payment methods. However, the Asia Pacific region is witnessing the fastest growth, driven by rapid urbanization, rising disposable incomes, and a burgeoning middle class eager to embrace modern financial services. Europe follows closely, benefiting from strong regulatory support and the proliferation of contactless payment technologies. Meanwhile, Latin Ame