Retail payments in Latin America and the Caribbean: present and future

Viviana Alfonso C, Alexandre Tombini and Fabrizio Zampolli

BIS Quarterly Review, 2020

Abstract: Retail payment services in Latin America and the Caribbean are characterised by high costs and insufficient access for large swathes of the region's population. To overcome these limitations, some of the larger central banks in the region have taken the lead to introduce fast retail payments and develop an open banking ecosystem. Several others have launched central bank digital currency pilots. The shift to digital payments, which is supported by these policy initiatives, is likely to receive further impetus from the Covid-19 pandemic.

JEL-codes: E42 E58 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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