## Micro and nano merchants are fueling Latin America and the Caribbean’s economies

**Empowering micro and nano merchant businesses through digital payments** is Visa's Latin America and the Caribbean latest perspective paper.

According to the Organization for Economic Co-operation and Development, 99.5% of firms in the region are small and medium businesses (SMBs), which are responsible for 60% of formal productive employment. There are 93 million SMBs in Latin America and the Caribbean, 57% of which are informal and 70% of which are independent.

**Download the report and gain exclusive insights about:**

- Key challenges faced by micro and nano merchants in our region
- Opportunities for financial institutions to assist SMBs in the adoption of digital payments
- Relevant information to understand the most important tools and benefits for micro and nano merchants

Sources:

1. OECD, “The OECD and Latin America & The Caribbean,” Supporting SME development in Latin America and the Caribbean. 2019. [https://www.oecd.org/latin-america/regional-programme/productivity/smedevelopment/](https://www.oecd.org/latin-america/regional-programme/productivity/smedevelopment/)
2. International Finance Corporation, AMI Research