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Amidst a year of turbulence in global markets, tech in Latin America proved to be a silver lining. Here are my Top 10 stats from the annual LatAm Digital Transformation Report (download link below) by @JulioV and the @AtlanticoPart team 🇧🇷🇲🇽🇨🇴🇦🇷 (Thread)
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🌐Internet penetration in Latin America has long surpassed China and India, and is now approaching developed countries, with Chile reaching the same level as U.S. in 2021
🌐Internet penetration in Latin America has long surpassed China and India, and is now approaching developed countries, with Chile reaching the same level as U.S. in 2021
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🛍️Latin America e-commerce saw a permanent post-pandemic acceleration and leaped 3 years into the future, while the U.S. saw its pandemic gains in e-commerce disappear
🛍️Latin America e-commerce saw a permanent post-pandemic acceleration and leaped 3 years into the future, while the U.S. saw its pandemic gains in e-commerce disappear
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🛒Grocery delivery via iFood — the leading delivery app in Brazil — saw a 6x jump at the beginning of the pandemic and since that point has grown 10x
🛒Grocery delivery via iFood — the leading delivery app in Brazil — saw a 6x jump at the beginning of the pandemic and since that point has grown 10x
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💊Telemedicine appointments on Conexa Saúde — a leading digital health platform in Brazil — grew 10x in the first year of the pandemic (21% monthly growth) and have already doubled since then
💊Telemedicine appointments on Conexa Saúde — a leading digital health platform in Brazil — grew 10x in the first year of the pandemic (21% monthly growth) and have already doubled since then
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👛Mobile payments are skyrocketing in Brazil — the Central Bank's instant payment system Pix reached 1 Billion transactions/month in 11 months, ¼ of the time it took UPI in India to reach the same number (and with ⅙ the population)
👛Mobile payments are skyrocketing in Brazil — the Central Bank's instant payment system Pix reached 1 Billion transactions/month in 11 months, ¼ of the time it took UPI in India to reach the same number (and with ⅙ the population)
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💰And after beating out all other forms of payment within 1 year of its initial launch, Pix has just surpassed physical cash in daily usage
💰And after beating out all other forms of payment within 1 year of its initial launch, Pix has just surpassed physical cash in daily usage
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💻Remote work is definitely the new normal in Latin America — only 21% of software engineers accepted job interviews for in-person positions vs. 65% acceptance rate for remote positions
💻Remote work is definitely the new normal in Latin America — only 21% of software engineers accepted job interviews for in-person positions vs. 65% acceptance rate for remote positions
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🪙Latin America’s history of economic uncertainty creates fertile ground for crypto & web3 to thrive, with over 100 tech startups. Fun fact — 4% of Brazilians own crypto while only 2% invest in the stock market
🪙Latin America’s history of economic uncertainty creates fertile ground for crypto & web3 to thrive, with over 100 tech startups. Fun fact — 4% of Brazilians own crypto while only 2% invest in the stock market
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⚡If Latin America just caught up to India in tech penetration and digitalization, we would see nearly $800 Billion in value creation in the region
⚡If Latin America just caught up to India in tech penetration and digitalization, we would see nearly $800 Billion in value creation in the region
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💉Despite a late start, Covid-19 vaccination in Latin America surpassed the U.S. with vaccination rates reaching 90% in Chile, 83% in Argentina, and 79% in Brazil, while the U.S. has stalled at 67%
💉Despite a late start, Covid-19 vaccination in Latin America surpassed the U.S. with vaccination rates reaching 90% in Chile, 83% in Argentina, and 79% in Brazil, while the U.S. has stalled at 67%
Download the full report here:
www.atlantico.vc/latin-america-digital-transformation-report
www.atlantico.vc/latin-america-digital-transformation-report
