Latin America has a strong outlook for future economic growth even as its economy contracted sharply following the COVID-19 pandemic. The financial landscape in this region is prepping for a major revamp, thanks to the large unbanked population seeking seamless financial infrastructure. As per the Global Findex database by the World Bank, Latin America offers intrepid financial companies the opportunity to address over 200 million unbanked individuals. Though the COVID-19 pandemic slowed down growth, it led to the emergence of several startups and innovative FinTech players that are eyeing the thriving Latin American market.
