How digital commerce and payments are gaining traction in Latin America
Driven by an increasing digital-savvy population, booming smartphone penetration, and local fintechs, Latin America is the current big thing for local and global e‑commerces that want to tap a market where e‑commerce is expected to grow 30% every year through 2025.
By then, the two most significant Latin American economies, Brazil and Mexico, are expected to keep growing steadily at 30% per year, while newly emerging markets such as Bolivia, Guatemala, and Peru may speed up even more, with growth exceeding 40% per year.
The data are from the Beyond Borders 2021/2022 study, issued annually by EBANX, a Brazilian payments fintech with global operations. LABS, a media outlet owned by EBANX, has gathered some of the study’s main findings in this collection. Enjoy reading!
