While Latin America’s banking sector has experienced tremendous consolidation in recent years, there is still plenty of turf to explore. Think Brazil and Mexico, with large populations and many people still unbanked. Also consider the sub-region of Central America, where financial institutions are strengthening amid better regulations and alliances.
And in the background throughout all of Latin America is the remittance market, one of the banking world’s more potent areas, partly because it provides a way for medium-sized players (particularly from the US) to get a foothold in the region.
