Payments in Latin America: Under Digital Transformation

by PaymentsJournal 0

Latin America has seen better days. In 2015, growth inthe region declined for the fifth year in a row, to less than 1%. Growth in Mexico, Colombia and Peru hovered around 2%, while Brazil and Venezuela floundered in deep economic crisis, contracting 3% and 10%, respectively¹ . Unfortunately, 2016 has brought much of the same, as governments grapple with the effects of slack Chinese commodity demand, devaluing currencies and rising inflation.

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