Fintech in Latin America and the Caribbean: Stocktaking

Author/Editor:

Pelin Berkmen ; Kimberly Beaton ; Dmitry Gershenson ; Javier Arze del Granado ; Kotaro Ishi ; Marie 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.

Summary:

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.

Series:

Working Paper No. 19/71

Subject:

English

Publication Date:

March 26, 2019

ISBN/ISSN:

9781498303248/1018-5941

Stock No:

WPIEA2019071

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

53

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