The number of cash-only consumers, or those without a financial account, has decreased substantially in Latin America (LatAm) over the past couple of years, plummeting from 45% in 2020 to only 21% in 2023, a new study by Mastercard and research firm Americas Market Intelligence (AMI) found.
The number of cash-only consumers, or those without a financial account, has decreased substantially in Latin America (LatAm) over the past couple of years, plummeting from 45% in 2020 to only 21% in 2023, a new study by Mastercard and research firm Americas Market Intelligence (AMI) found.
The rese.
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The rise of fintech in Latin America (LatAm) over the past decade has shaken up the region’s financial landscape, driving innovation in the banking sector, boosting competition and helping increase inclusion, a new paper by the International Monetary Fund (IMF) says.
In a Fintech Note released on Ma.