Fast payments are driving digital transformation and inclusion in Latin America and the Caribbean Douglas RandallMaria Teresa ChimientiGuillermo Galicia Rabadan November 05, 2025 This page in: English Español © 2025 World Bank Group,

https://blogs.worldbank.org/en/latinamerica/fast-payment-digital-transformation-latin-america Not long ago, transferring money was a cumbersome and expensive task for most people living in Latin America and the Caribbean (LAC). It could require traveling to a bank branch during business hours, paying a fee, and waiting several days for the recipient to receive the funds. The introduction of digital wallets reduced some of these frictions, but many remained due to siloed payment infrastructures and uncompetitive markets. © 2025 World Bank Group,