Stay in the loop
Sign up for event alerts, as well as insights from our experts.
Despite the economic slowdown in Brazil, the Information and Communications Technology (ICT) market is expected to grow this year.
New figures from IDC estimate that growth throughout LATAM will recover, albeit slightly. IDC reckon that some US$130 billion will be invested in IT and US$213 billion. This represents an increase of 3.3% over 2015.
For Brazil, the growth in ICT is estimated to be 2.6%, compared to 5% last year. Observers say that this lower rate of growth is not surprising, given the economic slowdown, and that 2016 will be a difficult year. However, business opportunities will drive IT.
IDC has identified ten trends that will impact upon Brazil in 2016.
allpago is the leading payment provider for the LATAM region. allpago provides the relevant local payment methods through one API and one single platform. allpago offers the best conversion rates ensuring state-of-the-art technology and legal advice necessary for a successful e-Commerce operation in LATAM.
allpago enables start-ups to Fortune 500 companies to offer the necessary local payment methods in the LATAM market, which account for around 80% of their revenues. Current clients include Art.com, Getty Images, Intel Security McAfee, Paylogic, Sumup, Teamviewer and many other leading payment and digital companies.
Reference: Bit Magazine
Explore other insights
You might enjoy these other nuggets of wisdom.