⚡️The Ecuadorian-Peruvian 🇪🇨🇵🇪 fintech team "Kushki" has published a study on the PSP dynamics in the region

⚡️The Ecuadorian-Peruvian 🇪🇨🇵🇪 fintech team "Kushki" has published a study on the PSP dynamics in the region

In summary, in the short and medium term, RTP (Real Time Payments) takes precedence. This is particularly significant for the high-risk and immensely popular sports betting scene in Latin America.
➡️ Specifically in Peru, an 80% increase in transaction volume within the sports betting and online gaming sector is projected by year-end, driven by the adoption of RTP.

➡️ Brazil🇧🇷 stands out as the most advanced country in the region regarding the utilization of RTP. Nonetheless, both Brazil and Argentina🇦🇷 exhibit a reluctance towards cross-border payments.

➡️ In Mexico🇲🇽, DiMo is gaining ground, an RTP-type payment system that was launched in 2023 and links user's bank account numbers with the phone number.

➡️ The use of RTP ➕ the guarantees offered by the regulation of the gaming industry to operators and users 🟰 forecasts of growth in the gaming industry across the region.

➡️ Context: Latin America accounts for more than 500 billion USD in e-commerce volume alone, which undoubtedly opens up new revenue generation opportunities for both merchants and PSP providers using scaling strategies in different jurisdictions.

➡️ About "Kushki": they have a license issued by the Peruvian Ministry of Foreign Trade and Tourism to carry out payment operations in the betting sector... and in general, it is the first non-bank regional acquirer for retail in Latin America, which is present in 6 countries of the region (including the U.S.🇺🇸).

#news #Peru #betting #Brazil

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