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Electronic payments drive economic growth in Latin America

Over the past several years there has been significant economic growth throughout Latin America. As detailed in this post on Payment Media Online (in Spanish), a driving factor for this growth is the availability of electronic payment methods, such as prepaid debit cards and global bank transfers. In a study conducted by Moody’s Analytics, a direct correlation between increased use of electronic payment methods and increase in GDP was found throughout Latin American countries.

Payoneer is pleased to have the opportunity to work with major companies based in Latin America, such as Nubelo, a freelance marketplace for the Spanish speaking market, and Workana, who connects “Workaners” throughout Latin America to freelance jobs worldwide.

In addition, thousands of individuals throughout Latin America are using our US Payment Service to receive US ACH transfers from select companies, such as PayPal, Amazon, ClickBank, Airbnb, and more.

To hear more about how Payoneer is providing payment solutions to the Latin American community, visit our official community forum in Spanish

 

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Richard Clayton

Richard is the Head of Content at Payoneer. An accomplished marketing manager, Richard is passionate about thinking creatively to communicate effectively.