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India to lead worldwide consumer growth with 31% of new consumers; digital economy to surpass US$1 trillion in LatAm and Africa

Fintech Finance

It is interesting to observe how the innovation brought by alternative payments is improving the whole ecosystem, and impacting cards as well – including debit ones – which remain steady and keep playing an important role in the digital economy as account ownership surges in rising markets.

Economy 52
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Together, LatAm and African Digital Markets to Surpass $1trillion in Total Value by 2026 Finds EBANX

The Fintech Times

Africa heavily embraced digital payments causing a jump from a 23 per cent to a 46 per cent penetration rate in many of its countries in less than eight years. “Cards and alternatives are learning from one another, absorbing features from one another, paying attention to the needs of merchants and consumers,” Bellizia noted.