Latin America Fintech Sector Report 2023-2024 (Oct 2023 update)

The COVID-19 pandemic boosted the adoption of digital financial services, a shift that was particularly remarkable in Latin America. According to the Global Findex Database published by the World Bank, in 2017, Latin America lagged behind the global average in account ownership penetration by 13pp. In 2021, this gap significantly narrowed, reaching a level of 74% compared to the global average of 76%, implying that 26% of the adult population in Latin America was unbanked. Fintechs have played a crucial role in alleviating financial frictions and improving financial inclusion. This is because fintechs reduce the cost hurdle to accessing financial services, which is particularly challenging in remote rural areas and for marginalised populations like the urban poor.

This report provides a complete and detailed analysis of the "Fintech" sector for South America. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Fintech" sector in South America
• Crystallise the forces both driving and restraining this sector in South America
• Ascertain South America’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in South America.
• Build a clear picture of trends, output and consumption for specific sub-sectors