Micro and nano merchants are fueling Latin America and the Caribbean’s economies

Empowering micro and nano merchant businesses through digital payments is Visa's Latin America and the Caribbean latest perspective paper.

According to the Organization for Economic Co-operation and Development, 99.5% of firms in the region are small and medium businesses (SMBs), which are responsible for 60% of formal productive employment.¹ There are 93 million SMBs in Latin America and the Caribbean, 57% of which are informal and 70% of which are independent.²

Download the report and gain exclusive insights about:

• Key challenges faced by micro and nano merchants in our region

• Opportunities for financial institutions to assist SMBs in the adoption of digital payments

• Relevant information to understand the most important tools and benefits for micro and nano merchants