Press Release (ePRNews.com) - Oct 27, 2016 - Americas Market Intelligence—the premier strategic market intelligence firm for Latin America—has published a free whitepaper about the payments industry in Latin America that focuses on the disruptive impact of digital.
“While Latin America has seen growth stagnate or contract over the past 24 months, e-commerce is still growing in the double digits. As a result, digital payments are evolving rapidly within the region,” says Lindsay Lehr, Senior Director, Payments Practice, Americas Market Intelligence. “In the whitepaper, we focused on the impact of digital solutions within the LatAm e-commerce and m-commerce spaces, such as digital wallets, mobile money and more,” explains Lehr.
While Latin America has seen growth stagnate or contract over the past 24 months, e-commerce is still growing in the double digits. As a result, digital payments are evolving rapidly within the region.
Entitled Payments in Latin America: Under Digital Transformation, the whitepaper also shows how digital platforms are both streamlining and improving access to financial services, threatening traditional lenders and money transfer operators, and at the same time helping banks diversify their service offerings. “Digital has become a disruptive force in financial inclusion within the payments space in LatAm,” says Lehr. “And more than ever, what companies need is granular data about consumer habits and key players so they can leverage emerging payment solutions as more consumers gain access to banking for the first time thanks to technological advances.”
Payments in Latin America: Under Digital Transformation is available on the Americas Market Intelligence (AMI) website, along with a number of other reports on Brazilian e-commerce and top payment gateways.