Fintech in Latin America and the Caribbean: Stocktaking


Pelin Berkmen ; Kimberly Beaton ; Dmitry Gershenson ; Javier Arze del Granado ; Kotaro Ishi ; Marie S Kim ; Emanuel Kopp ; Marina V Rousset

Publication Date:

March 26, 2019

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.


In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially understood risks to consumers and the financial system. This paper documents the evolution of fintech in LAC. In particular, the paper focuses on financial development, fintech landscape for domestic and cross border payments and alternative financing, cybersecurity, financial integrity and stability risks, regulatory responses, and considerations for central bank digital currencies.


Working Paper No. 2019/071



Publication Date:

March 26, 2019



Stock No:




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