There are many reasons to be cautious, but the most important is the mediocre record of economic growth since market reforms: a 3.3% annual growth in 1990-2011 vs. This allowed the region to manage the effects of the recent global financial crisis with significant room to maneuver, allowing it to recover fast and avoid both balance of payments and domestic financial crises-a significant improvement, no doubt, over past crises.īut be careful with over-optimism, as reflected in particular in the view that this will be “Latin America’s decade”. Equally important, external debt net of reserves fell from about 28% of GDP in 2002 to levels of 5-6% since 2008. Investment rates recovered during the 2003-07 upswing and are now high by Latin American standards, with a few exceptions. This led to one of the most spectacular reductions in poverty levels in history (about ten percentage points according the UN Economic Commission for Latin America and the Caribbean, ECLAC), among other reasons because growth was accompanied by improvement in income distribution in about two-thirds of the countries. The region grew in 2003-07 at the fastest rate since its 1967-74 boom. Most countries in the region have a record of over two decades of relatively strong fiscal accounts and over one decade of one-digit inflation. And it is the business card that we will present in the countries where we will implement our operations, with local service and the guarantee that each market will be treated as a priority in our expansion goal,” they guaranteed.There is a sense of optimism about Latin America. Our 24/7 service with extremely qualified professionals make Pay4Fun the ideal company for all betting sites that want to enter Brazil. “And even in Brazil, where we are already recognized as the best provider of payment solutions, we are investing to remain at the top. We are looking for the markets of Mexico, Chile and Peru, in addition to looking with great affection for Canada and Argentina,” they commented. “Still in this first semester, we will expand our presence in Latin America. The company's expansion in Latin America was also highlighted by the executives, who plan to invest heavily in Pay4Fun's growth in the region. Today, there are more than 260 partners, most of them sports betting houses and online poker platforms.
VOX VIDEOS ON LATIN AMERICA PROFESSIONAL
Pay4Fun executives Leonardo Baptista (co-founder and CEO) and Ari Celia (co-founder) highlighted the peculiarities of the Brazilian gaming market, especially regarding traditional payment methods, such as boleto bancário and PIX, but added all the knowledge that the company acquired throughout its operations in the country as a provider of an agile and efficient payment system to serve the gaming sector.Īlthough the concept of "emerging" was mentioned to characterize the company, Pay4Fun is already more than consecrated in the Brazilian gaming market, for the trust it has acquired over the years and for the professional way in which it adds more and more partners to its platform.
The renowned Brazilian payment methods company with a strong presence in the gaming area, presented its experience in this more than emerging market and the company's expansion plans for all of Latin America. On the afternoon of this Wednesday (14), Pay4Fun presented the “Spotlight: transformation of ecommerce in Brazil and Pay4Fun's expansion plans in Latin America”.
Brazil was, once again, the theme at ICE VOX.
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