Latin America towards 2025: the growth of digital banking and emerging trends

The growth of the digital payment ecosystem is undeniable and Latin America as a region exemplifies the deep and significant acceleration of technologies. According to the study Payments Trends 2024 in Latin America conducted by Kushki and Payments and Commerce Market Intelligence, financial and digital inclusion is almost total and more than 80% of the population owns smartphones.

Download the contents of our paper here

In this rapid digital transformation that the region has been experiencing in various sectors, the payments industry is no exception. The adoption of new means of payment has accelerated thanks to the growth of e-commerce, also driven by the phenomenon caused by the COVID-19 pandemic. In addition, the improvement in technological infrastructure in recent years and the multiple digital banking options that have resulted from innovation in different financial institutions have been an important part of this transformation. 

Payment methods in the region are not indifferent to this transformation. In this report we will explore some of the trends that marked 2024 and will continue into 2025, along with the figures that conclude how technological advances are reshaping the payments landscape in Latin America. 

If you would like to access the full study document, please leave us your details below: 

11 December, 2024