DUBLIN--(BUSINESS WIRE)--The "2021 Key Trends of the Payment Industry: Real-Time Payments in Latin America" report has been added to ResearchAndMarkets.com's offering.
Latin American countries strive to attract users on the local real-time payment platforms during the pandemic.
Latin American countries have been increasingly opting for real-time payments in recent years, which was especially encouraged by the local Central Banks. The main goal was to increase financial inclusion and reduce cash in circulation.
In Mexico, for example, right before the onset of the COVID-19 pandemic, a new real-time mobile payment platform known as CoDi was introduced. The platform has accumulated a substantial number of accounts, however, it still struggles to increase the number of active users.
Similarly, driven by the globally rising demand for the real-time payment options, the Central Bank of Brazil decided to launch Pix in November 2020. According to figures cited in the report, by 2030, fund transfers via Pix are expected to be about one-fifth of the total electronic payments in the country.
Other economies in the region, including Colombia, Argentina, Chile, and Peru are also making efforts to catch up in terms of real-time payments adoption, however, as of now, for some of them, this remains a serious challenge, as detailed in the publication.
Key Topics Covered:
1. Global
- Main Drivers for Real-Time Payments Adoption, January 2021
- Share of Consumers Who Reduced Cash Usage, in %, and Share of Consumers Who Reduced Cash Usage at Least by 20%, in %, November 2020
- Current State of Real-Time Payments, January 2021
2. Brazil
- Profile of Real-Time Payment System Pix, January 2021
- Weekly Average Pix Transactions settled at SPI, Volumes, in millions, and Values, in BRL million, 03 November 2020 - 10 January 2021
- Share of Payments via the Pix System, in % of Total Electronic Payments, 2030f
3. Mexico
- Overview of the Real-Time Payment System, January 2021
- Transaction Volumes via the RTS System SPEI, in millions, and Year-on-Year Change, in %, January 2020 - November 2020
- Number of CoDi Accounts that Made and Number of CoDi Accounts that Received at Least one Payment, December 2020
4. Chile
- Payments via the Real-Time Gross Settlement System LBTR, Volume, in thousand, and Value, in CLP billion, Q1 2019 - Q4 2020
5. Colombia
- Profile of RTGS System CUD and Transfiya, January 2021
- Payments via the Real-Time Gross Settlement System CUB, Volume, in thousand, and Value, in COP billion, January 2020 - December 2020
6. Peru
- Profile of the Real-Time Payment System, January 2021
- Monthly Average of Electronic Real-Time Payments, Volume, in thousands, and Value, in PEN million, incl. Transfers Using Domestic and Foreign Currency, 2019 & 2020
7. Argentina
- Volume of Real-Time Payments, by Source of Payment, in millions, January 2020 - December 2020
Companies Mentioned
- CoDi
- PLIN
- Pix
- Transfiya
- Yape BCP
For more information about this report visit https://www.researchandmarkets.com/r/8h88yq
