Most countries in the Americas have initiatives to promote the adoption of digital payments. In particular, fast and low-cost payment schemes, which reduce barriers to making payments, are becoming increasingly common, with Argentina, Brazil, Colombia and Peru having implemented or preparing fast payment tools.

Cullen International’s new benchmark on digital payments initiatives and regulation in the Americas region also shows that, in the USA, the White House issued an executive order mandating that federal agencies identify and dismantle regulations perceived as hindering digital asset innovation.

All the studied countries, except for the USA, have specific rules on open banking. The open banking frameworks adopted include payment initiation services (PIS), account information services (AIS), or both.

Specific laws or regulations to prevent financial scams are not common in the Americas, being present only in some countries. In countries without specific measures against financial scams, general consumer protection rules still usually apply.

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