Yuval Ben Haym, regional manager of Remax, a real estate firm that operates worldwide, has announced that the “first” real estate purchase with cryptocurrencies has already occurred in Chile. The purchase, that was made using bitcoin, happened last year. Such purchases have also already happened in other countries like Colombia, Mexico, and Venezuela. Remax Announces […]
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Chile: The Poster Child For Latin American Digital Payments
With 73% of its people owning a bank account, Chile has the distinction of having the highest banked population in Latin America. But does that help digital payments adoption in the country? The answer, according to Óscar Quevedo, Kushki’s country manager for Chile, is an easy yes. “Obviously it helps that people have access to […]
Deep Dive: How Chile Could Serve as a Payments Innovation Blueprint for Latin America
The digital payments revolution might be less apparent in Latin America (LatAm) than in other regions of the world. Only 18% of Latin Americans leverage a FinTech, digital wallet or neobank to make purchases, compared to 46% of consumers in the Asia-Pacific (APAC) region, for example. Similarly, only 41% of consumers in Argentina, 59% in […]
Chilean eCommerce Platform Justo on Chile’s Trendsetting Role in the Digital Payments Ecosystem
Payment providers are working to bolster Latin America’s sluggish digital payment adoption rate, and many are starting their campaigns in Chile. In the Digitizing Payments In Latin America Playbook, Josip Jercic Hollub, of Chilean eCommerce platform Justo, explains why Chile’s high banked rate and enthusiasm for digital payments makes it an ideal testbed for new technologies in Latin America.
Why Chile Is the Hot New Tech Testing Ground For LatAm Payment Providers
Digital payments have taken the world by storm in the past several years, but Latin America lags compared to other regions like Europe and Southeast Asia. Just 18% of consumers in Latin America use a FinTech, digital wallet or neobank to make purchases, for example, as opposed to 46% of consumers in the Asia-Pacific (APAC) […]