Study: Latin America’s digital evolution occurring at moderate pace – Agencia EFE

The countries of Latin America and the Caribbean are making strides toward digital transformation, with sustained growth in the development of technological infrastructure and tools, although the region’s progress to date does not reflect its true potential, according to a newly released study.

The Digital Evolution Index: Latin America & the Caribbean Edition (DEI LAC) – prepared by The Fletcher School of Tufts University in partnership with MasterCard – says moderate growth is evident but that digitalization has not been achieved at all levels.

The figures compiled in the DEI LAC show that the size of the region’s e-commerce market will have grown from 126 million people in 2016 to 156 million people in 2019. E-sales, meanwhile, are expected to double from $40 billion to $80 billion over that same period.

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