Stoneco: Brazil's Fintech Pioneer Defies Economic Challenges and Customs Chaos

In many South American countries, a significant shift has taken place in recent years. Millions of people who previously had little access to banks or modern financial services are now using digital financial solutions. For instance, the number of smartphone users in Brazil has risen every single year since 2017. According to two Statista studies from December 2024 and February 2025, a further annual increase leading to a market penetration of 97% by 2029 is expected. Many traditional banks in South America are perceived as expensive, slow, and...