It’s no secret — e-commerce has soared during the COVID-19 pandemic. But in few places has the surge so strongly impacted an economy as in Latin America. There, millions of people have taken to the internet for the first time. The result: Four trends your business can capitalize on now.

Enter a world of opportunity

An exciting Latin America has emerged from the global pandemic, reshaping consumer behavior forever. With millions of people shopping and banking online for the first time, the marketplace is similar to Southeast Asia during the previous decade, when expanding access to connectivity helped create one billion-dollar company after another.

Explore the four trends that reveal the region’s vitality in our e-book, Building Value in Latin America.

Latin America had to adapt during the pandemic. You couldn’t pay with cash, so companies had to reinvent themselves and provide new ways of collection. People switched from cash to digital wallets. This adaptability represents huge untapped opportunities for the market—like blockchain and digital currencies.

The digital trends to track

  • true

    Technology indicators and smartphone adoption

    Regional infrastructure continues to evolve rapidly in Latin America. Those who never had landlines now have smartphones with internet connectivity. Choosing markets with high smartphone penetration may be a winning strategy for your business.

  • true

    E-commerce expansion

    Latin America is now the second fastest growing market for e-commerce after Southeast Asia, with multinationals entering the region. Yet there are ample opportunities for those who understand local needs and customs, and those who can merge the brick-and-mortar world with online purchasing.

  • true

    Venture capital investment

    Venture capital investment can help drive and solidify a regional digital agenda and launch new success stories. As connectivity infrastructure comes online across Latin America, startups have more opportunity to flourish. In fact, startups raised more than $9 billion in the first six months of 2021. Coordinating across different markets remains challenging, however, due to different currency controls, politics and cultures.

  • true

    Internet of things

    The smart-home industry is starting to gain momentum in Latin America. Smart security and energy devices are still in early stages of adoption. While the trends are important, no company has yet emerged with a breakout connected device. 

Multinationals generally enter through Brazil and Mexico and then expand across the region. Sometimes, they choose a smaller country to limit initial investment. Once they prove the model, they can expand to the bigger markets.

Why choose J.P. Morgan Payments?

  • icon-checkmark.png

    Innovation is core to how we do business

    With 50,000+ dedicated technologists and more than $12 billion in innovation investments globally, we deliver industry-leading1 connectivity solutions and Greenwich award-winning1 product capabilities, security and customer service — all of which can help meet your needs in Latin America and beyond both today and tomorrow.

  • icon-checkmark.png

    Capabilities designed for ease of use

    From digital onboarding and implementation to intelligent services, we move quickly to deliver customized solutions when and where you need them — all with the backing of knowledgeable, global service teams.

  • icon-checkmark.png

    Solutions for you, your partners and customers

    Pulling from best practices and deep experience in Latin America and around the world, we build digital solutions across the entire payments ecosystem that can help clients securely make and receive payments.

  • icon-checkmark.png

    Solutions offered on a single unified global platform

    No matter where you do business, our core platforms help you have a unified experience that provides your business with global capabilities and locally relevant digital solutions.

J.P. Morgan roots in Latin America

To learn more, please contact your J.P. Morgan representative today

References

Not all products and services are available in all geographic areas. Eligibility for particular products and services is subject to final determination by JPMC and or its affiliates. This material does not constitute a commitment by any JPMC entity to extend or arrange credit or to provide any other products or services and JPMC reserves the right to withdraw at any time. All services are subject to applicable laws, regulations, and applicable approvals and notifications.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of J.P. Morgan, its affiliates, or its employees. The information set forth herein has been obtained or derived from sources believed to be reliable. Neither the author nor J.P. Morgan makes any representations or warranties as to the information’s accuracy or completeness. The information contained herein has been provided solely for informational purposes and does not constitute an offer, solicitation, advice or recommendation, to make any investment decisions or purchase any financial instruments, and may not be construed as such.

JPMorgan Chase Bank, N.A. Member FDIC

JPMorgan Chase Bank, N.A., organized under the laws of U.S.A. with limited liability.