1、The new era of financial inclusion in Latin America How fintechs are driving financial services access and achieving sustainable profitabilityBy Mastercard and Payments and Commerce Market IntelligenceNovember 20242 THE NEW ERA OF FINANCIAL INCLUSION IN LATIN AMERICA ContentsIntroduction.3The curren

2、t state of financial inclusion in LatAm.6Fintechs role in financial inclusion .19Evolving in LatAms market.28The fintech fast track to profitability.31#1:Revenue stream diversification:Innovating in products and services.31#2:Fine-tuning the value proposition.33#3:Seeking partnerships and ecosystem

3、integration.34#4:Implementing data management strategies.34#5:Leveraging AI technologies.37Conclusion.38About Mastercard.40About Payments and Commerce Market Intelligence(PCMI).40Legal notice.40Appendix:Consumer survey demographics .41Sources.443 THE NEW ERA OF FINANCIAL INCLUSION IN LATIN AMERICA I

4、ntroduction According to the World Bank,financial inclusion means that“individuals and businesses have access to useful and affordable financial products and services that meet their needs.”1 But in practice,it means much more than that.Financial inclusion has the potential to boost economic growth

5、and well-being,helping to reduce poverty levels and promote social progress in a country.It allows an increasing number of people to save and invest their money,offsetting the effects of inflation on their budgets.It also enables people to make and receive online payments,get loans to start new busi

6、nesses,buy homes,send money to distant relatives,and digitally access wages or financial aidjust to mention a few examples.That is what Latin Americans have been experiencing in recent years,as a heightened focus on financial inclusion has reshaped the regions economic and social landscape.In 2017,o