Why do Latin Americans Pay With Cash Vouchers?
Structurally, Latin America differs from other world regions when it comes to payment methods. The World Bank reports that, on average, 46% of adults in Latin America don't have a bank account.
For reasons such as the ongoing financial inclusion in the region, payment vouchers are a part of the daily-routine of Latin Americans, for online and offline payments. They have historically been issued to pay for monthly bills, such as power, water, and governmental taxes. They are trusted by and accessible to 100% of the population.