How Much Growth Can Latin American Fintechs Sustain?
Business attorney Camilo Gantiva Hidalgo was quoted in a Financial Services Advisor article, published by The Dialogue, about the expected growth of the financial technology (fintech) sector in Latin America. The article explores the impact of high interest rates on growth and what role government policies will play in the sector's expansion. Mr. Hidalgo shared insight on fintech in Colombia specifically, noting that the country is primed for success.
"Colombia has created a particularly positive environment for the fintech industry. This is a trend that has been growing for more than a decade," he said. "Colombia has enacted regulation that fosters the industry, such as regulation on e-wallets, crowdfunding, open finance, payments, cybersecurity, cloud computing and regulatory sandboxes... These steps will allow the fintech industry to continue to grow in 2023 and beyond.”