Which country is modernizing its payments infrastructure to include instant payments through a collaboration with Mastercard?

The correct answer highlights Peru as the country that is modernizing its payments infrastructure in collaboration with Mastercard to enable instant payments. In recent years, Peru has been focusing on enhancing its financial systems and integrating technology to improve efficiency and accessibility in payment methods.

This initiative includes partnerships with major payment platforms like Mastercard, which can provide the technological framework needed for implementing instant payments. The goal is to streamline transactions, reduce delays, and ultimately foster an environment that promotes financial inclusion for both consumers and businesses.

The choices of Brazil, Argentina, and Mexico may also be involved in modernization efforts regarding their payment systems, but the specific context of a collaboration focused on instant payments with Mastercard points uniquely to Peru in this scenario. This distinction is crucial for understanding the different approaches each country is taking in developing their financial infrastructures.