Over the past year, the economies of Latin America have largely recovered to pre-pandemic levels. Most countries’ gross domestic product (GDP) and employment rates have bounced back to where they were in 2019, and foreign investment has rebounded. The region was significantly impacted and paralyzed by COVID-19.

That said, the pandemic accelerated the adoption of digital technologies in various sectors, including health care, online shopping, education and banking. The fintech ecosystem has exploded in growth, achieving a 112% growth rate from 2018 to 2021, which has promoted financial inclusion for those that would not otherwise have access to traditional banking access.