A mismatch of networks and uneven regulation makes Latin America a frustrating market for digital payments providers, drawn to its huge population and growing mobile penetration. But with great challenges come rich opportunities, writes Silvia Pavoni.
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Caribbean lenders still face challenges to growth, as shown in The Banker's Top 50 Caricom Banks ranking for 2016, but many have turned the corner in terms of profits.
After eight successive years of fiscal surplus, the governor of Paraguay’s central bank, Carlos Fernández Valdovinos, explains to Silvia Pavoni how the country has managed to remain immune to the financial instability experienced in its Latin American neighbours.
While Cuba is intent on updating its socialist economy and keen for the US embargo to be lifted, the workings of commercial creditors in pursuit of repayment reveal the extent of the challenges facing the country. This is sovereign debt restructuring, but not as we know it.
Bolivia’s varied and largely healthy banking system faces challenges from new legislation that sets lending rates and deposit floors. While bigger banks see opportunities in social housing loans, the rate curbs could have implications for microfinance lenders, and consequently for poorer citizens. Jane Monahan reports.
Luis Alberto Arce, Bolivia’s economy minister, tells Jane Monahan how the country's government is attempting to diversify its economy away from its dependence on raw materials.
The culture of informal work is a topic that Peru’s new president, Pedro Pablo Kuczynski, is promising to tackle, and which banks are already addressing through financial inclusion initiatives such as the creation of a pioneering, sector-wide e-wallet. Silvia Pavoni investigates its potential to ease one of the country's main pressure points.
Brazilian lenders still monopolise the top of the Latin American and Caribbean table, while banks from Panama, Argentina, the Dominican Republic and Mexico benefit from instability in the Venezuelan economy.
Most of the big names held fast in North America, with JPMorgan still out in front and only a little movement further down the rankings.