Digital ad spending is exploding in Latin America. It will grow by 34.8% this year to $20.86 billion—a figure more than double the amount spent in 2020. Mobile will be the main growth driver, propelling the region’s digital ad market to new heights over the course of our forecast period.
These could fuel mobile wallet or connected car system usage. P2P Domestic Payments. Saturation means that US mobile P2P payment volume growth will primarily come from existing users forming habits around the tech. Volume will rise at an 11.3% CAGR between 2022 and 2025—approximately double the growth rate for users. Over 7 in 10 smartphone owners will be mobile P2P payment users by 2025.