We show you the countries with the most companies fintech in Latin Americawhere Mexico is positioned in second place.
The evolution of technologies has caused that there are more and more virtual options compared to more traditional services, which is why the digital ecosystem continues to develop constantly with the consolidation of endless companies that have shown themselves to be allies of financial technology, also known as fintechbecoming part of the daily life of millions of people around the world.
There are different elements to take into account when determining what kind of characteristics should a company have to be considered a fintech; among them, its method of payment and transfers, the infrastructure it has to carry out financial services, the financial solutions it offers for companies, financial markets, crowdfunding, cryptocurrencies, blockchain, among endless other opportunities to explore.
These types of companies have managed to attract the attention of millions of people, businessmen and investors, since they are aimed at solving digital solutions of high importance in the present and essential in the future.
This is why, according to the Statista study where it shows the countries with the most fintech in Latin Americamore and more territories are accepting them and integrating them into their daily lives, where Brazil is considerably advanced with the adoption of 771 of them, Mexico in second with 512, Colombia in third with 279, Argentina in fourth with 276 and Chile in second. fifth with 179.
Despite this, the fintech from Latin America As such, they are not only dedicated to the financial industry, but the purpose of this type of technology company is to improve and offer new opportunities to the ways in which all types of organizations apply and manage their own finances.
To get a better overview of the fintech, it would be worth emphasizing that these serve in part to speed up payment processes, transactions and online banking; they raise the levels of cybersecurity and system development; manage digital assets; automatically manage online financial processes; perform crowdfunding activities and more attractive strengths.
Likewise, these are strongly characterized by being relatively simple and innovative, in order to satisfy final consumers so that they have “better conditions” to use (or offer) financial products.
Taking into account the high growth of users in Latin America, fintech They are gaining more and more popularity in the Mexican market. Among them, we can find renowned companies such as bitsowho are dedicated to the exchange of purchase and sale of cryptocurrencies (also known as virtual assets); clipsa startup that allows small businesses to accept any debit or credit card without commissions from a bank point of sale terminal; fair creditfintech dedicated to personal loans; Kavakwho are dedicated to the purchase and sale of cars through prequalification algorithms, among endless other opportunities to explore that have proven to be of vital importance today for millions of people, leading some of them to even manage to proclaim themselves as Latin American unicorns.
Technological progress has proven to be of vital importance for business growth, which is gradually adapting better to the most demanding demands of digital consumers.
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