geo/panama
Largest online commerce ecosystem in Latin America present in 18 countries. It offers six integrated e-commerce and digital payments services, including the Mercado Libre Marketplace.
Canada’s development finance institution dedicated to providing financial services to the private sector focusing on economic development through job creation, women’s economic empowerment and climate change mitigation and adaptation.
Paypal’s open digital payments platform gives its more than over 270 million active account holders. better ways to manage and move money and offers flexibility when sending payments, paying or getting paid.
FMO is the Dutch development bank, empowering entrepreneurs in emerging markets, focusing on underserved markets and key sectors for development.
Banco Bilbao Vizcaya Argentaria is a multinational Spanish banking group. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the second largest bank in Spain.
Does poverty hinder or encourage market creativity? Businesses that offer novel, creative products have greater growth potential than businesses that conform to market norms. Yet the literature offers conflicting views on the relationship between poverty and market creativity. Some research suggests poverty restricts entrepreneurs’ capacity to offer novel products, whereas other work suggests poverty facilitates creativity in the marketplace. This paper addresses that tension by examining the shifting relationship between poverty and market creativity across stages of business development. Drawing on survey and interview data from Panama, this paper shows how entrepreneurs are both catalyzed and constrained by conditions of poverty. Poor individuals actively generate novel venture concepts in the early stages of business development. In later stages, however, they struggle to sustain those novel businesses. Ultimately, poverty limits entrepreneurs’ capacity to profit from the creativity they bring to the marketplace. This paper elucidates the dual relationship between poverty and creativity, and helps explain why economic mobility via self-employment proves elusive for the poor.
MasterCard’s principal business is to process payments between the banks of merchants and the card issuing banks of the purchasers who use the "MasterCard" brand debit and credit cards to make purchases.
