Indeed, nowadays money has broken the physical and limiting barrier of banknotes and coins. Transactions are made through transfers with applications, digital wallets, payments with cryptocurrencies, with QR codes, among other digital methods that often use biometric solutions to make payments.
In fact, the New Payments Index study also highlights that in Latin America 86% of consumers have used at least one emerging payment method during 2021 and 95% of those surveyed said they are willing to continue with these digital options. .
Fintech lead the financial disruption
In the current context, digital media have found in Fintech the boost they needed to consolidate. For this reason, Mastercard is a strategic partner of more than 100 Fintech companies throughout Latin America, being part of the wide range of solutions available to consumers, governments and companies in the region.
Fintech companies have found fertile ground in Mexico, since they have already issued the equivalent of 14% of all credit cards in the market. In such a way that the country has become one of the 8 economies globally with greater acceptance by consumers. Currently, 72% of the digitally active population has adopted some technological solution provided by the Fintech sector.
