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Digital banking is ready to take off in Latin America

Celent Banking

Digital is the new reality in Latin America. In a recent Celent survey 100% of the participants recognized that a scenario where all financial products get digitized needs to be addressed sometime in the next 7 years and 59% of them believe it needs to be addressed immediately.

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Underbanked women a focus of Visa, Mastercard's digital strategies

Payments Source

Visa and Mastercard are driving digital transactions by financially empowering women in emerging markets who are unbanked but manage their families’ spending. The card networks are particularly targeting women in gig economy jobs and women-owned businesses.

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The Evolution Of eBay’s Global Payments Strategy

PYMNTS

Credit and debit card penetration in markets like Mexico is still low compared to the U.S. For example, so many of Mexico’s consumers who might be interested in purchasing their products may not have credit or debit cards to pay for their purchases.

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Elan: The Positive Impact Of Payments

PYMNTS

"We need to continue to think about how to engage our partners within today’s reality and how to help those partners serve their customers in new ways," he says in " A Look Forward: What Executives Wish for America and the World in 2021. "We Additionally, new and reissued cards are being delivered with contactless technology.

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Mobile in the time of digital

Celent Banking

Bank of America recently announced that it would triple spending on its mobile app. In the past, Celent has praised the Bank of America mobile banking apps as some of the best out there. The bank has been going strong with its digital strategy for years, even closing branches and reducing overhead to drive adoption.

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Mastercard’s 3Q Shows Masterful Masterpass

PYMNTS

In the latest earnings report showing that consumers are still happy to use their cards and spend (election be darned), Mastercard’s latest results were above the Street. Within that subset, Latin America volumes were up 7.5 Globally the card tally stood at the end of the latest quarter at 2.3 billion.

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Mastercard Stock Rises On  Q3 Growth, Falls On Regulatory Concerns

PYMNTS

billion Mastercard and Maestro-branded cards worldwide. He also noted the firm’s recent push to forge partnerships, particularly with PayPal , which has seen the implementation of Masterpass through Braintree to “broaden our digital acceptance footprint.” directly to their debit cards. Earnings per share came in at $1.34

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