# @restofworld on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CUc6KvWvqae
- **Gondola URL:** https://gondola.cc/posts/78901188-restofworld-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/da5119e1f8.jpg
- **Posted:** 2021-09-30T16:00:22.000+00:00
- **Account Owner:** Rest of World (@restofworld) — https://gondola.cc/restofworld

## Caption

Along with the overall adoption of digital payment tools in lieu of cash, Venezuela is far ahead of the rest of Latin America in the use of credit and debit cards, which account for 10.7% of transactions in the country — the next highest country is Panama at 1.3%.⁠⁠
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One takeaway: there isn’t always a correlation between a country’s tech ecosystem and its adoption of digital payment tools. Mexico, for example, is a leading hub for fintech startups in Latin America, but 97.5% of transactions are done in hard currency.⁠⁠
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Click the link in our bio to read the full story. Photo by Cristian Hernandez/AFP/Getty Images⁠⁠
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#venezuela #latam #tech #venezuelatech #creditcard #debitcard #transactions #techecosystem #digitalpayments #digitalpaymenttools #cash

## Stats

- **Views:** 0
- **Likes:** 12
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## Credits

No public credits are recorded here. This does not identify who made the post.

## Tags

debitcard, digitalpayments, venezuelatech, transactions, digitalpaymenttools, cash, latam, creditcard, techecosystem, venezuela, tech

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