State of B2B Payments: Brazil

Overview

Brazil is home to an advanced financial system within an otherwise tech-savvy society. Consumers here have adopted digital payment methods at a high rate compared to other regional economies.

This acceptance of digital payment extends to the business world as well. Unlike many other countries, where business-to-business (B2B) payments lag advances in the consumer space, Brazil's companies have sophisticated payment systems in place.

Yet, many companies aren't exploiting all of the advantages that a shift to digital technology for B2B payments can bring. Businesses still struggle with financial and operational inefficiency, fraud concerns, and a lack of access to data. Brazilian consumers embrace digital payment technology. Consumers in Brazil enjoy access to a sophisticated payment and financial system. In fact, Brazil is leading the global trend away from....Read More.