NEWS
‘ Fierce competition ’ to build dozens of new LATAM
new report from ResearchAndMarkets .
A com says LATAM is witnessing fierce competition among service providers looking to build dozens of new data center facilities .
The Latin American Data Center Colocation Services Growth Opportunities report recognizes the LATAM data center market as expanding rapidly and becoming increasingly competitive as new service providers enter the market and existing providers continue to expand capacity in their facilities .
Public cloud service providers are establishing regions ( 3 or more data centers by country ) in different countries , aiming to form regions that guarantee more resiliency to customers , thus driving the growth of data center colocation to host this additional infrastructure , the report says .
In addition , to meet digitalization ’ s demands , enterprises and governments seek top-tier data centers and digital infrastructure .
The report says telecommunication operators , technology companies and enterprises increasingly opt to outsource their data operations to third-party data center colocation providers .
With the surge in digitalized data , the need for larger and more advanced infrastructure for storage , processing , and analysis has grown . This tends to grow even more with the advent of artificial intelligence and generative AI adoption .
Consequently , the report says , large-scale data deployments are rising , and enterprise IT deployments are beginning to match hyperscale-like demands for data centers .
In addition , demand from content and digital media and the gaming segment is expected to drive hyperscale demand , and service providers that offer high scalability , power capacity and efficiency will be in demand .
Airwallex invests in LATAM growth with entries in Brazil and Mexico
Airwallex has obtained a payment institution license from the
Central Bank of Brazil and completed the acquisition process of MexPago , a Mexico-based payment service provider and holder of an Electronic Payment Fund Institution ( IFPE ) license .
“ With licenses in Brazil and Mexico , we can help companies in Latin America expand and thrive without borders , while also helping companies around the world operate more smoothly in these two dynamic economic markets .”
With these two licenses , Airwallex will connect its global financial infrastructure with the two largest LATAM economies to support companies in Brazil and Mexico and facilitate the entry of international companies into the region .
“ Our infrastructure strategy is designed to connect diverse and strategically important markets around the world ,” said Ravi Adusumilli , President , Airwallex for the Americas .
B2B payments in Brazil have lagged behind in digitization , particularly for cross-border transactions – a complicated process for Brazilian companies .
Airwallex can now offer services to Brazilian businesses that include local accounts , card issuance and payment acquisition – as well as participation in the open finance ecosystem .
The demand for digital financial tools is increasing in Mexico , driven by the growing need for efficient cross-border payment solutions .
“ Mexico plays a critical role in the global economy , serving as a key link between North and South America and an important hub for cross-border payments ,” said Luis Castillejos Ordaz , CEO and founder , MexPago .
“ We are proud to join Airwallex to enable seamless and secure cross-border transactions for businesses around the world .”
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