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While paper money remains the most popular way for individuals to transact in Latin America, it has given rise to a bewildering number of additional options customers can use to meet their needs.
Understanding which markets prefer which of these approaches, which range from credit cards to mobile wallets or app solutions, might give entrepreneurs a significant competitive advantage.
The Latin America Payments Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2027, registering a CAGR of XX% from 2022 to 2027.
Flexio Raises $3 Million in a Seed Round to Transform Latin American Business-to-Business Payments
i2c Inc., a major provider of digital payment and banking technology, said that it has been chosen to power payment programmes in nine Latin American and Caribbean countries, and will work with some of the region’s most creative financial services firms.