Some home grown start-ups and some foreign imports are tackling this fertile ground. According the World Bank, only 51%, of all adults in Latin America and the Caribbean had a bank account, and only 14% had formal savings.
Clip. a Square-like payment processor iZettle. This Swedish startup is marketing an Apple Pay reader in Latin America. Catarse is a Brazilian crowdfunder that has raised 32 million Brazilian Reals on its platform. Klarna. This Swedish company, which helps online merchants accept payments, It has more than 1,200 employees and $319 million in revenue in 2014. Oportun offers loans of between $300 to $6,000 to Hispanics in California, Texas, Illinois, Nevada and Utah, even those without a bank account. MercadoLibre, the groundbreaking Argentinian e-commerce platform sometimes called the Amazon of Latin America, that is now moving into mobile payments.