Pymnts.com

Latam’s Gig Economy Is Growing, Along With Digital Payments Usage

Published on april 8, 2022

The gig or sharing economy has become an enticing employment opportunity for people in Latin America over the past two years, especially as new payment methods become available. This is especially true for delivery and rideshare services, with one study showing that on-demand delivery platform and mobile wallet provider Rappi had 30,000 delivery drivers by […]

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Cabify: Why Latin American Gig Platforms Must Make Space for Digital Payments

Published on april 6, 2022

As Latin America’s gig economy expands, these same employees are also looking for flexibility and convenience in how they’re paid. In PYMNTS new “Digitizing Payments In Latin America Playbook,” Cabify’s Ruth Sosa explains how the rideshare company is offering payment tools that balance the strengths of cash and digital money while also bolstering workers’ loyalty.

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El Salvador’s Adoption of Bitcoin as Legal Tender Addressed in Congressional ACES Act

Published on april 5, 2022

Two members of Congress introduced the Accountability for Cryptocurrency in El Salvador (ACES) Act to lower potential risks to the U.S. that could arise from El Salvador’s adoption of bitcoin as legal tender. Rep. Norma J. Torres, D-Calif., chair of the Central America Caucus, and Rep. Rick Crawford, R-Ark., ranking member of the House Permanent […]

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Buenos Aires Eyes Blockchain-Based Identity Platform

Published on march 31, 2022

Buenos Aires, Argentina, is working on a blockchain-based digital identity platform to help users get more control over their personal data, Coindesk wrote Thursday (March 31). The city published a whitepaper this week to propose the platform. It should be operational between the last quarter of 2022 and the first quarter of 2023, according to […]

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Rising Streaming Costs Threaten LatAm's Digital Shift

Published on march 30, 2022

Latin America is a continent as case study when it comes to digital modernization from payments to streaming, blazing trails that emerging and developed markets can learn from. In a region shaking off cash dependence, converting to digital recurring payments for streaming subscriptions and leveraging insightful data is powering retention strategies and bringing more unbanked […]

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Today in Crypto: India Passes Crypto Tax Legislation; Deloitte, Coinbase to Acquire Brazil’s 2TM

Published on march 27, 2022

Thanks to a new tax proposal passed by India’s Parliament, in one week, residents of India will have to pay a capital gains tax of 30% on crypto transactions, CoinDesk reported Friday (March 25). Per the report, this resulted in “uproar and disappointment” from those in the industry. Aside from the capital gains tax, Indians […]

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Mercado Libre Boosts Its Billion-Dollar Brazil Investment

Published on march 22, 2022

South American eCommerce firm Mercado Libre is boosting its investment in Brazil by 70% this year, planning to spend 17 billion reais ($3.44 billion), as part of a move to expand and consolidate business in Latin America’s largest country. As Reuters reported Tuesday (March 22), the Argentine company said a “significant” portion of the funds […]

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Crypto Gaming Becomes Hot Income Driver in Argentina

Published on march 22, 2022

With inflation chipping away at salaries, crypto gaming has become a hot income driver in Argentina, with 9,400 visits this year to the metaverse site with the most players worldwide, Decentral Games. Argentina is the fifth economy in the world playing games for income, with Brazil ranking seventh. Decentral Games had just a few hundred […]

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Report: 90% of Latam Millennials Have Access to Digital Payments

Published on march 18, 2022

Banks and merchants trying to capture the hearts and wallets of digital-first generations in Latin American countries are finding that younger consumers have come to expect fast, flexible multi-function mobile apps that offer a customizable user experience. While the majority of Latin American millennial and Gen Z consumers are generally relying on traditional banks for […]

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Travel in Latin America Is Recovering, Going Digital

Published on march 14, 2022

Tourism is a key driver of economic development in Latin America, with the World Travel and Tourism Council ranking it the fourth most important travel region in the world. COVID-19 took a heavy toll on this sector, with one recent study showing online travel sales in Latin America plummeted from $22 billion before the pandemic […]

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