Short answer: every Latin American market runs on its own mix of bank transfers, wallets and cash networks. Cards cover only part of it. So selling across the region with a card-only checkout leaves revenue on the table in every country. A payment connector handles all of these markets through one integration into Dynamics 365, rather than one PSP project per country.

Brazil and Mexico each deserve their own guide. This one covers everywhere else.

Why the region resists a single approach

Latin America is not one payment market. Instead, it is a dozen markets that each solved the same problem differently.

Colombia built a bank-transfer standard. Argentina built dense cash-payment networks. Peru went mobile-wallet first. Chile leaned on bank-linked online payment. Meanwhile Uruguay and Costa Rica developed their own local rails entirely.

Therefore the practical question is never “does our gateway support Latin America?” It is “which methods does this specific country expect, and can we turn them on without another integration?”

Country by country

Colombia

First, PSE is the backbone for online bank payments. However, Nequi and Daviplata now carry very large user bases, particularly among younger and less card-reliant buyers. Efecty adds cash coverage.

Argentina

Argentina’s cash networks remain significant. So a checkout without Rapipago or Pago Fácil misses buyers who pay in person by habit, not by necessity.

Peru

Notably, Yape adoption has been rapid, and it now functions as a default for many everyday payments. PagoEfectivo covers the voucher route.

Chile

In Chile, WebPay is the familiar name for online payment. Meanwhile Khipu handles direct bank transfers, and Servipag and Sencillito cover in-person payment.

Uruguay

Shoppers use both networks routinely for bills and purchases. Therefore they matter more than their size suggests.

Costa Rica

SINPE Móvil in particular has become a routine way to pay person-to-person and merchant-to-customer.

Regional

MercadoPago spans several markets and is worth enabling wherever you sell in the region. SensePass also supports further regional methods including CLAVE, PuntoXpress, Wepa, Practipago, Zimple, Sigo Money, Wally, Giros Claro, Akisi and Infonet. Confirm the specific country coverage you need during scoping.

The integration problem this creates

So add these up, and the maths gets uncomfortable. Six countries might mean six PSP contracts, six APIs, six settlement formats, and six reconciliation processes. Then each one needs maintenance as providers change.

Consequently most Dynamics 365 merchants do one of two things. They launch with cards only and accept weak conversion. Or they pick one or two countries and postpone the rest indefinitely.

How a connector changes it

SensePass links your existing Dynamics 365 environment to 112 payment methods and 50+ processors through one integration. The Latin American methods above are already built in.

Adding a country is a configuration change. You connect Dynamics 365 once. Then you enable Colombia, or Peru, or Chile, without another development project and without touching Business Central, Finance & Operations, or Commerce.

No per-country acquirer assembly. SensePass stays processor-agnostic and already connects regional acquirers. Therefore you skip building a new payment stack per market.

One ledger, not twelve feeds. Every method reconciles back into Dynamics 365 automatically. As a result your finance team is not importing a different settlement file for each country. For multi-entity and multi-currency structures, see Finance & Operations payments.

Cash rails handled properly. Many of these methods are voucher-based, which changes order timing. Our cash and voucher payments guide explains how to model that in your ERP.

Practical advice before you expand

Start with the two or three methods that dominate each market. You do not need everything on day one. However, you do need the ones buyers assume.

Report by tender and by country. Assumptions about local preference are frequently wrong. So let the data tell you where to expand coverage next.

Set expiry and stock rules for voucher methods. Cash rails leave orders open for days. Therefore your order-release logic needs to reflect that before launch.

Plan currency treatment early. Use the transaction-date rate for the sale and the settlement-date rate for the payout, then post the difference to realised gain or loss.

Frequently asked questions

What is PSE in Colombia? PSE is Colombia’s online bank-transfer standard. Customers pay directly from their bank account rather than with a card.

Do I need cash payment methods in Argentina? Generally yes. Rapipago, Pago Fácil and Cobro Express carry meaningful volume, so a card-only checkout misses buyers who prefer paying in person.

What is Yape? Yape is a Peruvian mobile wallet with very broad adoption. It now functions as a default payment method for many everyday purchases.

Can one integration cover several Latin American countries? Yes. Through a payment connector, each additional market is a configuration change rather than a new PSP integration.

How do voucher payments affect order fulfilment? The customer pays after checkout, sometimes days later. Therefore you need an “awaiting payment” status, a stock-reservation rule, and a voucher expiry policy.

Will these methods reconcile inside Dynamics 365? Yes. Confirmations and settlements post back automatically, so finance reconciles in one system.

Which Dynamics 365 modules does this cover? Business Central, Finance & Operations, and Commerce. The connector sits alongside your environment rather than inside it.

Expand market by market, not project by project

Latin America rewards merchants who pay attention to local habit. But it punishes anyone who treats each country as a separate build. One connector turns regional expansion into a settings decision.

Request a demo, or review the Dynamics 365 payments overview.