LATAM
Latin America
LATAM is a regional designation for Latin America, encompassing countries in Central America, South America, and the Caribbean where Romance languages predominate.
Major LATAM economies include Brazil, Mexico, Argentina, and Colombia. The region uses various banking systems and currencies. Mexico uses CLABE for transfers, while Brazil has developed the advanced PIX instant payment system.
Related Terms
APAC
Asia-Pacific
APAC is a regional designation referring to the Asia-Pacific region, commonly used in business and b...
EMEA
Europe, Middle East, and Africa
EMEA is a regional designation used in business and banking to describe operations or markets spanni...
CLABE
Clave Bancaria Estandarizada
CLABE is an 18-digit standardized banking code used in Mexico for domestic electronic funds transfer...
MXN
Mexican Peso
MXN is the official currency of Mexico. It's the most traded currency in Latin America and among the...
BRL
Brazilian Real
BRL is the official currency of Brazil. It was introduced in 1994 as part of a plan to stabilize the...
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