FinTech - South America

South America

The market's largest market will be Digital Investment with a total transaction value of US$3.50bn in 2023.
The average transaction value per user in the Digital Investment market is projected to amount to US$201.90 in 2023.
The Digital Assets market is expected to show a revenue growth of 44.1% in 2024.
In the Digital Payments market, the number of users is expected to amount to 257.50m users by 2027.
Total Transaction Value in the Digital Investment market is projected to US$3.50bn in 2023.
Due to the major differences in the KPIs of FinTech products, e.g. different nature of loan origination volume in Alternative Lending in comparison to Assets under Management in Robo-Advisors, no total transaction value for all markets can be calculated.

Definition:

Fintech, abbreviated for financial technology, refers to the use of technology to improve and automate traditional financial services and processes. This includes a variety of products and services such as online banking, mobile payments, peer-to-peer lending, digital wallets, and financial management tools. Fintech companies often use advanced technologies such as artificial intelligence, blockchain, and big data to create new financial products and services that are more efficient, accessible, and user-friendly than traditional financial institutions. The Fintech market includes startups, established financial companies, and other companies that use technology to disrupt and innovate in the financial services industry.

Structure:

The five markets in Fintech include digital payments, digital investments, digital capital raising, digital assets, and neobanking. The market for digital payments includes digital trade transactions, mobile point-of-sale payments, and digital transfers. Digital investments include robo-advisors and neobrokers. Digital capital raising consists of crowdfunding, crowd investing, crowd lending, and marketplace lending. The market for digital assets includes cryptocurrencies, NFTs, and DeFi, and the neobanking segment focuses on digital banks.

Additional information:

The market includes transaction values, revenues, assets under management (AUM), users, average revenue per user, average transaction value per user, average AUM per user, and user penetration rates. The transaction values in the digital payments segment refer to consumer transactions made through the internet or mobile wallets. The revenues shown are from the income generated by cryptocurrency exchanges, online trading platforms, and neobanks. The market only shows B2C revenues and users for the above-mentioned segments and subsegments; B2B and B2G revenues are not included. Further definitions for each market can be found on the respective pages.