The world is facing a digital commerce and payments revolution driven by countries considered growing economies, especially in Africa and Latin America, with unparalleled market opportunities. Now, thanks to the advent of instant payments and digital wallets, the low creditworthy or unbanked population can access more products/services, and it is possible to complete a transfer in less than a second, free of charge, and anywhere with just a few clicks on a smartphone. Is your company prepared for the opportunities in these markets? Access our white paper and discover it!
Fast, safe, 24/7, and accessible anywhere with an internet connection. Instant payments and digital wallets are reshaping the future of payments worldwide with astonishing growth rates when compared to more traditional methods such as cards and physical cash. With around 60 countries operating an instant payment system and more than half of the global population using or having access to real‑time payments and digital wallets, global merchants are being pushed into this new reality.
of the world’s population has, or will soon have, access to instant payments in 2022*
was the estimated volume of real‑time payment transactions made globally in 2021**
of the consumers worldwide owned or used a digital wallet in 2021**
*Source: FIS‑Global Payments Report 2022
**Source: Prime Time for Real Time 2022 ‑ ACI & GlobalData Report
Juliana Etcheverry
Director of Strategic Payment Partnerships and Market
Expansion in LatAm at EBANX.
From the top‑ten countries with the highest volumes of instant payments volume, at least half of them are considered growing economies. Latin America is the fastest‑growing real‑time payment market in the world, followed by Africa and South Asia. These rising markets are a greenfield for digital payment initiatives that contribute to the increasing adoption of buy‑now‑pay‑later solutions (BNPL), micropayments, and mega payments.
Ariel Patschiki
CPO (Chief Product Officer) at EBANX
Growing economies, especially Latin American and African countries, are leading the global digital payments market's future with instant payments and e‑wallets initiatives. Digital commerce has shifted and created unparalleled opportunities for global companies targeting these regions. Wondering how? Check the reasons behind this phenomenon and how to benefit from it in our white paper.
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