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dc.titleBeyond Cash: The Digital Payments Revolution in Latin America and the Caribbean
dc.contributor.authorAzevedo, Viviane
dc.contributor.authorGarbay Flores, Sergio Andres
dc.contributor.authorVera-Cossio, Diego A.
dc.contributor.authorVlaicu, Razvan
dc.contributor.authorZárate Moreno, Ana María
dc.contributor.editorVera-Cossio, Diego A.
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.contributor.orgunitConnectivity, Markets and Finance Division
dc.coverageLatin America
dc.coverageThe Caribbean
dc.date.issue2025-09-12T00:09:00
dc.description.abstractThis report explores the rapid and transformative shift from cash-based to digital payment systems across Latin America and the Caribbean. The report documents diverse national experiences, highlighting that there is no one-size-fits-all model for success. Instead, progress hinges on solving key market failuressuch as lack of interoperability, coordination problems, and barriers to entrywhile fostering trust and inclusion. It emphasizes the importance of aligning technology, regulation, and incentives to build robust and inclusive payment ecosystems. The report also emphasizes remaining challenges, such as leveraging modern payment systems to further expand access to other financial services like credit and ensuring that well-intentioned policies do not generate unintended effects in a region with high informality. The analysis lays out a promising research and policy agenda for Latin America and the Caribbean.
dc.format.extent110
dc.identifier.doihttp://dx.doi.org/10.18235/0013688
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Beyond-Cash-The-Digital-Payments-Revolution-in-Latin-America-and-the-Caribbean.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Mas-alla-del-dinero-en-efectivo-la-revolucion-de-los-pagos-digitales-en-America-Latina-y-el-Caribe.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectDigital Payment
dc.subjectInteroperability
dc.subjectDigital Technology
dc.subjectService Provider
dc.subjectPayment System
dc.subjectDigital Policy
dc.subjectFintech
dc.subjectFinancial Service
dc.subjectSmall Business
dc.subject.jelcodeE50 - Monetary Policy, Central Banking, and the Supply of Money and Credit: General
dc.subject.jelcodeO10 - Economic Development: General
dc.subject.jelcodeO20 - Development Planning and Policy: General
dc.subject.jelcodeG20 - Financial Institutions and Services: General
dc.subject.jelcodeG21 - Banks • Depository Institutions • Micro Finance Institutions • Mortgages
dc.subject.jelcodeG32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill
dc.subject.jelcodeG38 - Government Policy and Regulation
dc.typeAnnual Reports
idb.identifier.pubnumberIDB-AN-00400
idb.operationBK-C2257
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