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How Real-Time Payments Are Reshaping Latin America's Economy by 2028

From Brazil's Pix to Colombia's financial revolution, digital payments are unlocking economic growth. See how 5 countries are leading the charge—and who benefits most.

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The image shows a blue poster with text and a graph depicting America's economic growth in the 21st...
The image shows a blue poster with text and a graph depicting America's economic growth in the 21st century. The graph is composed of a series of bars, each representing a different year, with the height of each bar indicating the growth rate. The text on the poster provides further information about the economic growth of America over the past few years.

How Real-Time Payments Are Reshaping Latin America's Economy by 2028

Real-time payment systems are transforming economies across Latin America. By 2028, these digital networks are set to boost formal GDP by billions while bringing millions into the banking system for the first time. Countries like Argentina, Brazil, Chile, Colombia, and Peru are leading the shift with rapid modernisation efforts. Brazil’s Pix system stands out as the most impactful. Projections show it will add $49.9 billion to the country’s formal GDP by 2028. The system has already reshaped how millions of Brazilians transfer money, pay bills, and access financial services.

Argentina’s real-time payments are also making waves. The technology is expected to contribute $19.3 billion to GDP growth by 2028. At the same time, it will help 1.1 million people move from informal to formal financial services. Colombia is on track for the region’s largest financial inclusion boost. Real-time payments there could expand GDP by $282 million and bring 5.1 million unbanked individuals into the system within five years. Peru follows closely, with forecasts of $376 million in added GDP and 1.4 million new banking users by 2028. Chile’s progress is more modest but still significant. Its real-time payments are projected to generate $740 million in additional GDP and extend financial access to over 83,000 people by 2028. Together, these countries demonstrate how digital payments can drive both economic growth and broader financial participation.

The expansion of real-time payments will deliver measurable results by 2028. Millions of people across Latin America will gain access to formal banking, while national economies benefit from billions in added GDP. The shift highlights the tangible impact of digital financial infrastructure on both inclusion and economic performance.

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