Mobile Payments Sector in Latin America Is Evolving, Says Pyramid Research in Its In-demand Report Available at MarketPublishers.com16 Nov 2016 • by Natalie Aster
LONDON – The mobile payments sector in the Latin American region has evolved gradually, driven by country-specific national initiatives coupled with favourable regulatory reforms aimed at fostering of financial inclusion and also promotion of the entry of non-banking services in the country.
Today, telecommunications companies in Latin America evolve their mobile payment offerings from just basic remote payments to full payment services, including m-POS, remote payments, NFC and m-commerce.
The cross-sector collaboration gains popularity in the Latin American region; local telcos make emphasis on partnerships across both government and private sectors in order to encourage innovation and offers a range of simplified and affordable mobile payment services. Interoperability is viewed as the major differentiator for telcos in the region.
In-demand research study “Mobile Payments in Latin America: Regulation and Collaborative Service Models Drive Growth” by Pyramid access gives a clear understanding of the current scenario in the Latin American mobile payments market. It reviews the historical evolution of mobile payment services in the region, provides data on the existing offerings, offers insights into the value-chain and also presents reliable data on major technologies. This topical report examines the key factors influencing growth in the Latin American mobile payments market, touches upon the regulatory environment, discloses data on the key market players and their initiatives. Furthermore, the report discusses the possible ways of the future development of the regional market for mobile payments as well as pinpoints the top challenges and opportunities.
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