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ISSUE 1.1: MARCH 2022

Lands of Opportunities

A map of payments and digital banking in Latin America.

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Latin America has always been seen as a huge potential market for payments and banking.

But how big is that potential? What about the specificities in each country, which locally change the rules of the game?

In this study conducted by Dock’s Research department, we consider scenarios and insights showing why Latin America is the region of opportunities in the financial world.

A journey through

• Economic perspectives

• Consumer profile

• Electronic and physical retail

• Instant payments

• New means of payment

• Open Banking

• And more!

A whole world of opportunities in the same Latin America

Argentina | Brazil | Chile | Colombia | Mexico | Peru

We go through the highest GDPs in the region to find out what’s moving their economies forward and driving transformation in payments and banking across Latin America.

  E-commerce growth Number of debit cards Number of credit cards Number of fintechs
Argentina 32% 56,3
Million		 41,6
Million		 300
Brazil 30% 166,9
Million		 135,2
Million		 1.466
Chile 28% 21,7
Million		 14,0
Million		 179
Colombia 21% 36,3
Million		 14,7
Million		 279
Mexico 27% 157,8
Million		 27,7
Million		 512
Peru 42% 42,9
Million		 8,3
Million		 132

 

"As a Latin-American used to be in contact with people from all nations here represented, I’m sure it is a realistic, inspiring study for those who want to get to know and invest in the Latin-American means of payment and banking industry—whether they’re banks, fintechs, retailers, payment institutions or companies from any segment aiming to go the extra mile.

Welcome to our Land of Opportunity.”

Antonio Soares, CEO at Dock

Antonio Soares

9 elements driving the payment and banking industry

1

Financial education and offline strategies enabling financial citizenship and an extended customer base

2

Buy Now, Pay Later growht and its contribution to financial inclusion

3

Financial services provided by retailers and companies from other industries throught the embedded finance phenomenon

4

E-commerce expansion and increase in use of cards as means of payment

5

Digital anternatives to payments in e-commerce

6

Instant payments, which are in different implementation stages among the analyzed countries

7

Good conditions to do business in Mexico, Chile e Colombia

8

Foreign fintechs coming in to help advance the Latin-American market

9

The tipping point in the Peruvian market as an incentive to digital banks

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Get the full study in your incoming box