Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and modernized infrastructure in Brazil have also moved the needle to the point where the region is arguably moving faster toward digital transformation than anywhere else in the world. PYMNTS Intelligence’s “ How the World Does Digital ” report surveyed 67,000 consumers across 11 different countries. It found that Brazil was far ahead of all of them — including the United States — in digital engagement. Drilling down into the results, in 2023, 66.8% of Brazilians used mobile banking apps on their phones at least once a month, and 46.8% used these apps at least weekly. Consumers in Brazil are embracing digital payments as well. The report found that by 2023, two-thirds of consumers in Brazil had smartphones and 75% had debit cards. In the same year, 77% of consumers in Brazil were using Pix , the instant payments app for mobile phones launched by the country’s central bank. “After many decades of the status quo in payments, Latin America is going through a major transformation,” Marcelo Moussalli , managing […]

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IN today’s fast-paced digital age, businesses face unprecedented challenges to adapt, innovate and thrive. Nowhere is this truer than in the telecommunications industry, where the convergence of technology, customer demands, and regulatory frameworks creates a high-stakes environment. Globe Telecom Inc., one of the Philippines’ largest telecommunications providers, offers a compelling case study of how a traditional company can successfully steer digital transformation while maintaining operational excellence. Globe’s journey underscores the importance of strategic investment, cultural transformation, regulatory compliance, and public-private collaboration in fostering sustainable growth.

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Colombian fintech Currently, the Colombian fintech sector is at a technological and innovation turning point with the arrival of new trends and tools such as open finance and artificial intelligence. According to the third measurement of the Innovarometer of the Colombian Financial Superintendence (SFC), entities face a more challenging technological horizon than that observed in previous years. The survey seeks to identify the advances, trends, opportunities and challenges of financial and technological innovation, as well as the implementation of new technologies in the financial system. 256 companies were interviewed, including traditional financial institutions and fintechs, which represents a 45% growth compared to the respondent base in 2021. The results reveal that six out of 10 traditional financial institutions are at a “developing” level of innovation, while the same proportion of Colombian fintech companies are at an “advanced” stage. Looking to the future, 64% of traditional financial institutions and 68% of fintechs maintain that continuing to work on digital transformation initiatives in the coming years is a priority. The innovation strategy approaches of the Colombian fintech sector remain the same compared to the measurement made in 2021. The traditional segment identifies the development of products to improve internal processes (57%), […]

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K imberly-Clark Expanding Investments in India BENGALURU, India, Dec. 26, 2024 /PRNewswire/ — Kimberly-Clark, a global leader in essential personal and family care products, continues to increase its commitment to India through its Global Digital Technology Center (GDTC) in Bengaluru. Continue Reading Kimberly-Clark’s Digital Technology global leadership team and India GDTC team in Bengaluru Established in 2018 with an initial investment of $2.5 million, the Bengaluru GDTC has seen remarkable growth, expanding its size by eight times in just five years. The center focuses on key areas and digital capabilities such as Data and Analytics, Artificial Intelligence (AI) including Generative AI, Machine Learning (ML), Cloud Transformation, Global Digital Operations & Automation, Digital Sales and Marketing, and Digital Supply Chain – all of which help drive efficiencies and improve customer experiences. Over the next three years, the GDTC plans to continue its expansion, focusing on advancing AI/ML capabilities and developing innovative digital solutions to boost operational efficiency and customer engagement. These capabilities further enhance Kimberly-Clark’s ability to deliver on its global Powering Care strategy – shared earlier this year – and, in turn, strengthen its longstanding commitment to consumer-centricity. While the Bengaluru GDTC is driving Kimberly-Clark’s technological advancements, it’s also […]

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NEW YORK, Jan. 11, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global digital transformation market in oil and gas industry size is estimated to grow by USD 56.4 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 14.5% during the forecast period. Rise in investments and partnerships is driving market growth, with a trend towards use of digital twin technology. However, lack of skilled labor poses a challenge. Key market players include Accenture PLC, Amazon.com Inc., AVEVA Group Plc, Emerson Electric Co., General Electric Co., Halliburton Co., Informatica Inc., Intel Corp., International Business Machines Corp., Microsoft Corp, NVIDIA Corp., Oracle Corp, Rockwell Automation Inc., SAP SE, Siemens AG, Sierra Wireless Inc., Tata Consultancy Services Ltd., Teradata Corp., and TIBCO Software Inc.. Continue Reading Technavio has announced its latest market research report titled Global Digital Transformation Market In Oil And Gas Industry 2025-2029 Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Digital Transformation Market In Oil And Gas Industry Scope Report Coverage Details Base year 2024 Historic period 2019 – 2023 Forecast period 2025-2029 Growth momentum & […]

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Prime Minister of Grenada Dickon Mitchell For decades, we have aspired to regional integration. Yet, in many ways, we remain fragmented – socially, and politically. • Climate change continues to ravage our shores while we scramble for resources to rebuild. • Cybersecurity threats emerge as our economies digitise, yet we remain fragmented in our defences. • Social inequities persist, leaving too many of our people on the margins of opportunity. These challenges are not abstract. They are real, and they deeply impact the lives of our people. When a hurricane destroys a family’s home in Grenada, when a young girl in St Kitts and Nevis is denied meaningful access to the Internet she needs for her education, or when a business in Trinidad and Tobago struggles because of ineffective and outdated trade policies, these are not just policy issues. These are the lived realities of our people. Headlines Delivered to Your Inbox Sign up for The Gleaner’s morning and evening newsletters. And yet, within these challenges lies immense opportunity. The Caribbean has always been resilient, resourceful, and visionary. But resilience alone is not enough any more. We must move from merely surviving to thriving. HARNESSING DIGITAL TRANSFORMATION AND COLLECTIVE […]

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ISTANBUL Turkish companies will prioritize digital transformation , risk management, profitability and M&A in 2025, according to a survey of executives. The survey was conducted by DataExpert with 252 senior decision-makers, including CEOs, general managers, CFOs and directors. Some 85 percent of participants said that digital transformation and innovation will be their main focus in 2025 in order to increase efficiency and improve consumer experience by investing heavily in technology. Artificial intelligence, cyber security and data analytics also stand out as other key issues for company executives this year. Profitability appears to be another major item for Turkish companies. Participants said they have set targets for cost control, revenue growth strategies and operational efficiency. Improving earnings before interest, taxes, depreciation and amortization (EBITDA) is one of the main factors they will focus on to increase profitability, the survey showed. Companies are turning toward environmentally friendly and sustainable business models, increasing the use of renewable energy and taking steps to reduce their carbon footprint. Nearly 70 percent of respondents mentioned sustainability and environmentally responsible practices as their priority in 2025. Executives see these efforts as important not only to make profits but also to fulfill companies’ responsibilities towards society and […]

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Top Challenges in Digital Transformation Investments in AI surge, but challenges in data quality and cyber security readiness persists Singapore, (ANTARA/PRNewswire)- As ASEAN enterprises dive deeper into digital transformation, artificial intelligence (AI) has emerged as the crown jewel of technology investments. What does this mean? Well, according to the 2024/2025 ASEAN Enterprise Innovation Market Overview AI has surged to the forefront as the leading investment priority. Insights from over 900 ASEAN business and technology leaders across diverse industries reveal that 75% of businesses plan significant AI investments within the next two years – a leap from just 34% in 2020. But while the race to adopt AI is accelerating, it’s not all smooth sailing. Data quality and availability remain stubborn roadblocks, cited by nearly 78% of respondents as the biggest hurdle to unlocking AI’s potential. It’s a complicated relationship status: while AI ambition skyrockets, the groundwork for its success is still a work in progress. Cyber Security: Rising Threats, Growing Budget As the digital landscape evolves, so do the threats. ASEAN governments are stepping up their game with stringent regulations, such as Malaysia’s Cyber Security Act this year and Vietnam’s Personal Data Protection Act, pushing enterprises to bolster their […]

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In 2024, Vietnam made remarkable strides with the rapid launch of the national population database, ensuring seamless data connection across 18 ministries and 63 localities. This facilitated over 1.3 billion queries and more than 537 million data synchronisation actions by September 2024. The Government has focused on building a legal framework to improve the digital landscape, including strategies for information infrastructure, data, and semiconductor industries. At the third meeting of the National Committee for Digital Transformation, Prime Minister Pham Minh Chinh emphasised digital transformation as essential for rapid and sustainable development. Vietnam ranked 71st in the UN’s e-government survey, up 15 spots from 2022. Fiber optic internet use surpassed 82%, and 87% of the population used smartphones. A major milestone was Viettel’s launch of the largest data center. These developments lay a solid foundation for Vietnam’s ongoing digital journey./. Digital ecosystem helps boost Vietnam’s tourism growth

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Getty image BATON ROUGE, La. (press release) – LWCC , a private, mutual workers’ compensation insurance company, is nationally recognized for achievements in technology innovation for its recent integration of advanced digital systems. Salesforce has named LWCC and PS Advisory as its 2024 Partner Innovation Award Financial Services Winner and Celent, a global research and advisory firm for the financial services industry, has named LWCC winner of its Model Insurer Award for Legacy and Ecosystem Transformation. LWCC also earned a top 10 national ranking in a 2024 Catalyit survey of agents’ perception of how well carriers support them, including factors such as being easy to do business with, providing the tools needed to maximize efficiency, and being forward thinking. “These innovations give our dedicated employees and agent partners more time to invest in the purpose-driven parts of their jobs – caring for injured workers, guiding employers in creating safer workplaces and, ultimately, helping Louisiana thrive,” said Kristin W. Wall, president and CEO of LWCC. “Receiving national attention from well-respected industry leaders also elevates Louisiana’s business reputation among innovators, which is a cornerstone of our vision.” For its recent digital transformation projects, LWCC sought to merge legacy knowledge with advanced […]

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