Venezuela

Expalux 2nd Quarterly Research

Today we publish our 2nd quarterly research. We hope everyone will be enjoying reading about Brazil, Mexico, Chile, Costa Rica, Venezuela, El Salvador, Cameroon, Ethiopia, India, China, Israel, Bangladesh and Lebanon. In the research the readers can find a short overview on the Fintech field in those markets. EXPALUX 2nd QUARTERLY RESEARCH

Fintech Ecosystem in Venezuela

Venezuela’s economy has been going through difficult times for more than a decade and it has had a significant impact on the lives of Venezuelans. In fact, between 2013 and 2019 alone, Venezuela lost almost two-thirds of its Gross Domestic Product (GDP) and, in 2020; the Venezuelan economy fell by 30%, almost double what was