Abstract:
For years now, the payments industry has looked to the large developing nations referred to as BRIC (Brazil, Russia, India, and China) as the markets most likely to drive payments growth in the future. But these markets have not lived up to their potential, leading some to begin looking for the next best markets. Whether this second tier of markets, the MINTS (Mexico, Indonesia, Nigeria, Turkey, and South Africa) will prove more conducive to payment industry growth is the question explored in this Mercator Advisory Group Viewpoint.