Consumers in Latin America have embraced online banking tools in increasing numbers over the past few years, and the pandemic is accelerating this trend as more consumers test out emerging digital-first financial solutions. Recent studies highlight banking services’ low penetration in the region, however, with one report finding that 70% of LatAm consumers do not […]

Latin American consumers are ditching legacy banks in favor of service providers that better meet their mobile-first banking needs. In the Digitizing Payments In Latin American Playbook, Brad Liebmann, CEO of Brazilian FinTech alt.bank, discusses how outdated infrastructure is hampering the ability of legacy financial institutions (FIs) to satisfy consumers’ evolving needs.

A growing number of Latin American consumers are turning to digital-first payment and banking solutions in the wake of the pandemic, with one recent report finding that 62% of consumers in the region stated they used less cash last year compared to 2019. The use of contactless credit and debit cards also rose during the […]

The adoption of digital payments and the number of people who are doing their shopping online has accelerated rapidly in Latin America this year. While the region still trails most parts of the world in terms of the percentage of people who have access to modern banking services, the gap is narrowing. For example, a […]

Business-to-business (B2B) payment and financing platform for emerging markets Tribal Credit is teaming up with Latin American crypto exchange Bitso and the Stellar Development Foundation to develop a new platform to facilitate cross-border B2B payments, according to a press release. Using Tribal Credit’s new cross-border payment service, Mexican businesses can send B2B payments in pesos […]