President Donald Trump鈥檚 threatened 50% tariffs on Brazilian imports would cause coffee and orange juice prices to spike more than they already have鈥攁nd could pose a particular problem for Ferrero, given that it relies on Brazil as a source of sugar cane. Steel and aluminum tariffs are also proving costly鈥攆or both CPGs and consumers.
While real-time payments have taken off in some markets like Brazil and India, they accounted for only 1.5% of total payments volume as of 2023 (the most recently available data), per ACI Worldwide. Still, hype around the payment method has been growing, thanks in part to the Federal Reserve鈥檚 2023 launch of FedNow.
Source: Insider Intelligence | eMarketer; Interactive Advertising Bureau of Canada (IAB Canada); Interactive Advertising Bureau (IAB); Interactive Advertising Bureau M茅xico (IAB M茅xico); Interactive Advertising Bureau Argentina (IAB Argentina); Interactive Advertising Bureau Brasil (IAB Brasil); Interactive Advertising Bureau Chile (IAB Chile); Interactive Advertising Bureau Colombia (IAB Colombia); Interactive Advertising Bureau Per煤 (IAB Per煤); Interactive Advertising Bureau Uruguay (IAB Uruguay)