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Cash Share of In-Store Payments Plummets to 25% in Latin America

Latin America continues its financial transformation as digital payments surge, pushing traditional cash toward the periphery of commerce and financial access.

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The region is becoming a nexus for innovation, driven by a combination of burgeoning FinTech companies and government-backed initiatives. According to the PYMNTS Intelligence report “Digital Developments: Charting Digital Payment Growth in Latin America,” this shift is not only revolutionizing how consumers...

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