{"id":99504,"date":"2025-05-14T01:11:08","date_gmt":"2025-05-14T01:11:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/99504\/"},"modified":"2025-05-14T01:11:08","modified_gmt":"2025-05-14T01:11:08","slug":"paysafe-very-bullish-on-latam-digital-wallet-usage","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/99504\/","title":{"rendered":"Paysafe \u2018Very Bullish\u2019 on LatAm Digital Wallet Usage"},"content":{"rendered":"

Paysafe<\/a> says it expects good things from Latin America amid the region\u2019s FinTech boom.<\/p>\n

Latin America (LatAm) was a popular subject on the payments company\u2019s quarterly earnings<\/a> call Tuesday (May 13), with Paysafe reporting a 4% dip in revenue, with organic revenue growth of 5%.<\/p>\n

\u201cAs you know, we\u2019ve anticipated a lower growth rate and margin profile during the first half of the year,\u201d CEO Bruce Lowthers<\/a> said. \u201cWe remain confident that we see acceleration in the second half as we deliver our existing contracts, execute on our sales pipeline, and drive revenue from product initiatives that are already in market.\u201d<\/p>\n

Among those initiatives is the company\u2019s digital wallet platform, which has evolved from \u201csingle-use consumer wallet solutions \u2026 into a more unified platform for two primary segments, with all users able to leverage the functionality of the entire platform,\u201d the CEO said.<\/p>\n

To illustrate that shift, Lowthers used the example of the company\u2019s PagoEfectivo brand in Peru, a cash and bank transfer payment solution aimed at that country\u2019s increasing embrace of digital wallets and account-to-account payments.<\/p>\n

The company is also targeting consumers who enjoy online gambling, video gaming and eSports, a group that makes up close to 60% of Paysafe\u2019s Peruvian user base.<\/p>\n

\u201cThis is often a cash-based user who wants a safe and seamless transition from cash to digital gaming, and it places a lot of value on fast access<\/a> to his winnings,\u201d the CEO said.<\/p>\n

Later in the call, he said the company expected the region to generate \u201clow double digits, mid-teen double-digit growth\u201d as the year goes on.<\/p>\n

\u201cSo the LatAm market is one that we\u2019re very bullish on, we feel like there are solid growth opportunities in the LatAm market,\u201d Lowthers said.<\/p>\n

His comments come as Latin America is experiencing a dramatic shift<\/a> in how money moves, as PYMNTS wrote last week.<\/p>\n

\u201cBut it isn\u2019t traditional financial institutions that are leading the charge,\u201d that report said. \u201cInstead, mobile wallets and real-time payment systems<\/a> are rapidly gaining ground across the region, and these 21st-century solutions to the age-old problem of money movement are even overtaking banks in the race to digitize transactions.\u201d<\/p>\n

Data from the PYMNTS Intelligence April 2025 \u201cEmbedded Finance Tracker\u00ae Series\u201d<\/a> shows that LatAm is not only embracing cashless technology but leading in it.<\/p>\n

Across the region, the report shows, cash is rapidly losing ground as consumers shift to digital payments. In 2014, cash accounted for 67% of in-store transaction value. Within 10 years, that figure has fallen to 25%. eCommerce transactions have followed a similar path.<\/p>\n

Digital payments made up for 48% of online purchase value in 2024, compared to 14% in 2014. Those numbers are projected to climb to 66% by 2030 for eCommerce, and 49% of in-store transaction value.<\/p>\n

See More In: digital transformation<\/a>, digital wallets<\/a>, Earnings<\/a>, LatAm<\/a>, Latin America<\/a>, mobile money<\/a>, Mobile Payments<\/a>, Mobile Wallets<\/a>, News<\/a>, Paysafe<\/a>, peru<\/a>, PYMNTS News<\/a>, What’s Hot<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Paysafe says it expects good things from Latin America amid the region\u2019s FinTech boom. Latin America (LatAm) was…\n","protected":false},"author":2,"featured_media":99505,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3159],"tags":[10443,3523,1830,3273,3274,547,46199,39579,3528,12,46200,46201,3279,53,16,15,3281],"class_list":{"0":"post-99504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-digital-transformation","9":"tag-digital-wallets","10":"tag-earnings","11":"tag-latam","12":"tag-latin-america","13":"tag-mobile","14":"tag-mobile-money","15":"tag-mobile-payments","16":"tag-mobile-wallets","17":"tag-news","18":"tag-paysafe","19":"tag-peru","20":"tag-pymnts-news","21":"tag-technology","22":"tag-uk","23":"tag-united-kingdom","24":"tag-whats-hot"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114503528121822542","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/99504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=99504"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/99504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/99505"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=99504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=99504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=99504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}