Instant payments are growing in LatAm, but experts at Ebanx Payments Summit call for strong central bank regulation to break banks' dominance.
Latin America Ebanx expects growth in alternative payment methods as e-commerce continues to grow in the region, as well as in Africa.
E-commerce is quickly catching up in Latin America, providing fertile ground for digital payments to proliferate.
The central bank of Brazil is gearing up to launch Pix Automatico, a form of direct debit through instant payment system Pix.
Companies served by EBANX can now offer consumers the ability to pay for online purchases with PIX directly through the checkout.
Wagner Ruiz, Co-founder of EBANX, talked at the Fintech Nexus LatAm 2022 event about the outlook for payment innovation in emerging markets.