Latin America

Visa Inc posted its year results for Latin America and Caribbean businesses. During the year ended December 31, 2010 the company achieved regional payments volume growth of 23.2% with Brazil recording 24.6%, Mexico 16.8%, and the rest of Latin America and Caribbean as a group reporting a 22.8% yearly growth.

paysafecard, a popular prepaid voucher for Internet payment, is now available in Mexico. The opening of a new subsidiary in Latin America’s second-largest economy marks the next step in paysafecard’s expansion plans to establish the voucher in Latin America.

According to the latest study from Visa, Latin America and Caribbean region has reflected e-commerce has to surge by over 39%, reaching $21.8 billion. 

A provider of mobile payment solutions mopay has reported the addition of several more countries in Latin American region to its worldwide coverage list. In addition to its coverage in Brazil, Argentina, Mexico, Chile, Peru, Colombia and Venezuela, mopay just added 11 new countries. The total number of states where mopay offers its services now makes up 75.

GlobalCollect has expanded the coverage of paysafecard in Latin American market by increasing the number of countries where the service is offered. Now it is also available in Argentina. Paysafecard allows consumers to make online cash payments in their local currencies without any need in bank account or credit card.

paysafecard is being distributed via 3,500 outlets in Argentina, which will be the company's base for further expansion into Mexico.

We are to examine today the Internet and e-commerce infrastructure of Honduras that represents a republic in Central America. The country is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea. The economy has continued to grow slowly, but the distribution of wealth remains very polarized with average wages remaining low.

Guatemala, that represents developing country that still faces many social problems, is among the 10 poorest countries in Latin America. The country is bordered by Mexico to the north and west, the Pacific Ocean to the southwest, Belize to the northeast, the Caribbean to the east, and Honduras and El Salvador to the southeast. So, we are to find out today what level of development Guatemala’s Internet and e-commerce infrastructure has reached.

Uruguay is a country located in the southeastern part of South America, populated by It is home to some 3.3 million people, one third of whom live in the capital Montevideo and its metropolitan area. Notably, an estimated 88% of the population is of European descent. Uruguay represents one of the most economically developed countries in South America, with a high GDP per capita and the 47th highest quality of life in the world.

The country, the name of which is transliterated as the “Rich Coast”, Costa Rica represents the only Latin American country included in the list of the world’s 22 older democracies. This Central American country is bordered by Nicaragua to the north, Panama to the east and south, the Pacific Ocean to the west and south and the Caribbean Sea to the east. Costa Rica has consistently been among the top Latin American countries in terms of the Human Development Index.

 On Friday the Bolivarian Alternative for the Americas (ALBA), the leftist Latin American trade bloc, plans to consider and approve measures directed to replace US dollar with a new virtual currency for regional commerce, as reports the Associated Press.

Brazilian outstanding bank lending expanded for second consecutive month, the latest sign that Latin America’s largest economy is pulling out of its deepest contraction in over a decade. The central bank of Brasilia today decalred that state and non-state bank lending rose 0.4 % to 1.25 trillion reais ($621 billion) last month from a revised 1.24 trillion reais in March. Lending climbed 22.6 % from the same month last year.

Epson Venezuela took its place in a growing list of consumer products companies of NovoPayment, Inc., Latin America’s leading prepaid card service provider and program manager, whose prepaid platforms they are using to deploy marketing and promotional campaigns in Latin America.