As for the buyers, 44% were based in Brazil, followed by the US at 22% and Canada at 8%. Acquirers headquartered in the UK represented 5% of total transactions, while Mexico, Germany, Spain, France, and Israel each accounted for 2%. Notably, 51% of buyers were located outside of the LATAM region. 

Looking at sellers by geography, 65% were from Brazil followed by Argentina and Colombia at 8% each, Chile at 7%, and Mexico and Peru were each home to 4% of sellers. Other noteworthy countries include Uruguay, Bolivia and Ecuador.