The Fintech Boom in Latin America

The economies of Latin America are benefitting from a lively and innovative fintech sector. What used to be a two-step process – where the customer would purchase items online and then pay for them at check-out using a cash-based payment method – has now transformed into a more inclusive payment ecosystem where consumers now have increased spending power and can more easily manage their finances.

Jose Luis Vargas-Favero, Executive Vice President and General Manager, Latin America, with Provenir, explains how the fintech boom in Latin American has been driven, in part, by millennials and Generation Z who are digital savvy and more accepting of modern banking /financial services as opposed to traditional banking methods.

Read the full article at Global Finance Magazine.