Latin America is a burgeoning market for eCommerce, with a recent report pegging its value at $382 billion, representing a 35% growth from 2021. Some experts are even projecting a 25% growth in volume between 2021 and 2025, including B2C commerce, cross-border purchases, travel and digital goods, for a...
Local FinTech wallets are a key part of the Asia-Pacific (APAC) eCommerce ecosystem. Whether Alipay in China, Paytm in India, Kakao Pay in South Korea or Rakuten in Japan, shoppers are accustomed to using local wallets to transact in their everyday lives. So why do...
The digital nomad trend is booming as the list of attractive destinations is expanding. Armed with laptops and wanderlust, these modern-day working travelers have the potential to help stimulate economies and provide a valuable source of income during tourist off-seasons. In this article, PYMNTS reviews...
PYMNTS talks with Karen Bruck, vice president of commerce and strategic initiatives at Mercado Libre, about the unique opportunities and challenges in Latin American eCommerce. — Latin America’s eCommerce market is expanding rapidly, especially as the pandemic has radically altered consumers’ shopping habits. Brick-and-mortar shopping was previously the name of the game,...
Swift says sign-ups for its cross-border payments service have tripled since its 2021 launch. Swift Go, “which brings speed, transparency, and certainty” to payments of less than $10,000, is now used by more than 500 banks in upwards of 120 countries, the global financial messaging...
Digital payments are growing fast in Latin America, threatening to overtake cash as the preferred transaction method. One study revealed that mobile bank accounts in Latin America increased by 67% in 2020, and QR code payments are also quickly gaining ground. Brazil’s Pix system, operated...
B2B gift card concierge firm GlobeTopper has launched a partnership with payment processor Knox Wire to power instant cross-border payouts. Orchestrated by Zed Network, the collaboration will facilitate same-day payouts in more than 190 countries for GlobeTopper, according to a Saturday (Nov. 26) news release....
Formed by the merger of several European Union (EU) stock exchanges at the turn of the 21st century, Euronext can trace its origins back to some of the world’s first bourses, formed in Bruges, Antwerp and Amsterdam between the 13th and 17th centuries. In that...
With a growing amount of investment and commerce appearing to be headed to Latin America over the long term, JPMorgan Chase & Co. reportedly expects to continue growing its financial services offerings in the region. Latin America is benefiting from the nearshoring trend of manufacturing...