Brazil Drives Latin America's Digital Commerce Transformation
IBS Intelligence (IBSi) is a leading Financial Technology research and advisory firm with 30 years of experience and global clients.
Brazil is the driving force behind Latin America's eCommerce growth, accounting for nearly half of the region's expansion, thanks to its thriving FinTech ecosystem.
- Supported by regulators and banks, Brazil's FinTech ecosystem is a hub for innovation that resonates across LATAM.
- PIX, Brazil's instant payments system, has demonstrated the rapid scaling of innovation when key stakeholders collaborate.
“Brazil drives about half of LATAM’s eCommerce growth, and it’s the market everyone watches first. PIX showed how quickly innovation can scale when regulators, banks, and FinTechs align. Speed was only the starting point.” - Tristán Torres Velat, Chief Commercial Officer at PayRetailers
Author summary: Brazil leads Latin America's digital commerce growth.