Latin America's real-time payments to add billions to GDP by 2028
Real-time payment systems are set to transform economies across Latin America by 2028. Countries like Brazil, Colombia, Peru, Chile, and Argentina are expanding these networks to boost financial access and economic growth. The shift aims to move beyond simple transfers and embed instant payments in daily commerce. Brazil’s Pix system leads the way, with projections showing it could add $49.9 billion to the country’s formal GDP by 2028. The platform’s rapid adoption has already reshaped how Brazilians pay for goods and services.
Colombia’s Bre-B system is expected to deliver the region’s largest financial inclusion gains. By 2028, it may bring 5.1 million people into the financial system and contribute $282 million in additional GDP. The government is pushing for wider merchant adoption to deepen its impact. Chile is broadening its real-time payments beyond person-to-person transfers. The focus now includes merchant transactions and everyday spending. By 2028, the system could generate $740 million in extra GDP and extend financial access to over 83,000 people. Peru’s central bank is driving real-time payment adoption and interoperability. These efforts are forecast to add $376 million to GDP and bring 1.4 million people into the banking system within five years. Argentina’s modernisation push is also gaining momentum. Its real-time payments network may contribute $19.3 billion to GDP by 2028 while including 1.1 million more people in the formal financial sector.
The expansion of real-time payments in these markets is expected to create measurable economic benefits. By 2028, millions more will access financial services, and billions in additional GDP will flow through formal channels. Governments and central banks continue to prioritise interoperability and merchant integration to sustain this growth.
