Latin America is proving to a significant greenfield opportunity for digital payments. In the Digitizing Payments In Latin America Playbook, a PYMNTS and Kushki collaboration, double-digit growth rates are in place throughout the region, forecast to last through the next several years. There are an estimated 267 million online consumers in the region, being served […]

The Mexico City-based spend management platform Clara announced its launch in Brazil Monday (Dec. 6), an occasion marked by $70 million in new funding and a $1 billion valuation.  As the company noted in its press release, that valuation comes just eight months after Clara’s launch, making it the fastest startup to reach unicorn status […]

Latin American consumers are steadily gaining access to digital financial services, but many still are flocking to alternative payment tools such as mobile wallets to make online purchases. According to a recent study, nearly 60% of the region’s online purchases were made via mobile device this year, up from 55% of transactions last year. According […]

eCommerce has made important gains in Latin America during the pandemic, with one report projecting that eCommerce sales in this region will exceed $270 billion by the end of the year. Another study predicted that the number of digital shoppers will rise to 77 million in Mexico alone by 2025, up from 50 million this […]