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Today in FinTech: Payments Key to LatAm Streaming

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In today’s FinTech news, streaming services are big in Latin America, but a myriad of payment options are needed for success, according to Paramount.

Meanwhile, International Game Technology sold off its two payments subsidiaries, and Indian FinTech firm Perfios notched a Series C.

Over in FinTech-friendly Lithuania, a state of emergency has been declared following Russia’s attack on Ukraine, and Tribal is expanding its card payments reach in the Caribbean and Latin America thanks to a partnership with Visa.

Paramount on Supporting a Diverse Payments Mix to Boost Streaming and Subscription Services in Latin America

Latin America quickly cozied up to streaming services, with the region now the second fastest growing market. Video-on-demand subscribers are anticipated to hit 130 million by 2026. To make it in LatAm, however, particular attention must be paid to the region’s unique payments ecosystem, Paul Del Pin, vice president of marketing and growth, streaming services, Latin America, for Paramount, told PYMNTS.

Many consumers there are still cash-dependent and 70% of…

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