LATIN AMERICA
Rapid development in Latin America is leading to high levels of innovation in FinTech . EBANX ’ s Beyond Borders 2022 / 2023 report explores the causes and potential effects this may have into 2023 .
THE FUTURE OF PAYMENTS IN LATIN AMERICA
Closeup of light striped handbags on the souvenir store in Bolivia
Latin America accelerates above global averages in all digital verticals .
EBANX , a FinTech company that specialises in international payments in rising markets , has released its annual Beyond Borders 2022 / 2023 report .
This study – a bellwether for tracking online consumer behaviours , FinTech and payments innovation , new trends and business opportunities in emerging markets – is one of the first to cover 15 countries across Latin America . It relies on multiple trusted sources to provide meaningful insights – including internal EBANX data and fresh research and analysis from Americas Market Intelligence ( AMI ).
“ The rapid growth of digital commerce in rising markets such as Latin America – a region with the one of the highest CAGR of digital buyers in the world through 2025 – is being catalysed by payments innovations that are breaking the mould ,” said Paula Bellizia , President of Global Payments at EBANX . “ The future of payments in this region is decidedly alternative and instantaneous .”
As an example of the explosion in Alternative Payment Methods ( APMs ) in Latin America , account-based transfers – which include instant payments
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