Payments News


Brazil Sprints Ahead in Mobile Payments Innovation

“Brazil will see its leadership in technological innovation for mobile payments strenghtened as a predicted increase in smartphone adoption is set to create more opportunities in the sector, a study says. Home to a burgeoning financial services technology industry, Brazil is the most advanced in the Latin America and the Caribbean when it comes to mobile payments, according to the “The state of innovation in Latin America” report published by the Visa Innovation Center. The future for mobile payments is promising, the study adds, as the number of smartphone users in Brazil will increase by 30 percent, leading to a 7.2 percent increase in mobile transactions.”