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Module 5: Financial inclusion to online shopping and Whatsapp: the history of mobile wallets in Latin America and the Caribbean

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Financial inclusion to online shopping and Whatsapp: the history of mobile wallets in Latin America and the Caribbean

In this introduction to mobile wallet adoption in Latin America and the Caribbean (LAC) we focus
on the history of mobile wallet development in the region. As background, we identify the major mobile wallets deployed in LAC, and the size and demographic makeup of the countries in the region where mobile wallets are deployed. Finally, we provide some scale to mobile wallet usage in terms of US$ volumes and number of users in Latin America and the Caribbean vis a vis the rest of the world. Each of these topics is explored in greater depth in companion reports to be published throughout 2019.

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