In 2019, three out of 10 fintech companies in Paraguay saw the most risk in changing customer loyalty from traditional financial institutions. Meanwhile, around 20 percent of startups perceived considerable risk from external cyber-attacks and fraud. That year, around one fourth of fintech companies in the South American country provided solutions for digital payments.
Key risk factors of fintech companies in Paraguay in 2019
Characteristic
Share of fintechs
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it includes 33 fintech companies that are based in Paraguay, and three international fintechs that have transactions in Paraguay
Supplementary notes
The source add the following information: "The study has included 36 fintech companies, including detailed primary data on 30 companies, and secondary information on remaining companies. With this number of companies participating, the study provides data that is statistically fully a representative overview of the fintech sector in Paraguay."
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Ministerio de Industria y Comercio (Paraguay). (August 31, 2020). Key risk factors of fintech companies in Paraguay in 2019 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1231258/paraguay-fintech-companies-key-risks/
Ministerio de Industria y Comercio (Paraguay). "Key risk factors of fintech companies in Paraguay in 2019." Chart. August 31, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1231258/paraguay-fintech-companies-key-risks/
Ministerio de Industria y Comercio (Paraguay). (2020). Key risk factors of fintech companies in Paraguay in 2019. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1231258/paraguay-fintech-companies-key-risks/
Ministerio de Industria y Comercio (Paraguay). "Key Risk Factors of Fintech Companies in Paraguay in 2019." Statista, Statista Inc., 31 Aug 2020, https://www.statista.com/statistics/1231258/paraguay-fintech-companies-key-risks/
Ministerio de Industria y Comercio (Paraguay), Key risk factors of fintech companies in Paraguay in 2019 Statista, https://www.statista.com/statistics/1231258/paraguay-fintech-companies-key-risks/ (last visited August 25, 2024)
Key risk factors of fintech companies in Paraguay in 2019 [Graph], Ministerio de Industria y Comercio (Paraguay), August 31, 2020. [Online]. Available: https://www.statista.com/statistics/1231258/paraguay-fintech-companies-key-risks/