Google announced that it will invest US$1.2 billion in Latin America to promote the region's digital transformation and economic development which will be channeled to three large projects in the region: undersea cable, hiring engineers, and digital wallets. To connect North America and South America across the Atlantic Ocean, Google has committed to establishing an undersea cable - dubbed Firmina after Brazilian abolitionist Maria Firmina dos Reis -by 2023. Firmina will be the longest cable in the world running from the US to Argentina, with stops in Brazil and Uruguay. Additionally, Google will launch Google Wallet - a digital wallet designed to compete with Apple Pay - in Brazil and Chile in the coming months. The company said it also plans to expand the payments feature on Android smartphones to other countries. Yet, a US$300 million fund is dedicated to promoting sustainability non-governmental organisations (NGOs), and economic opportunities for women, Bloomberg said. 'Regardless of how inflation moves, the demand for digital payments is growing at a record pace because it was so behind,' said Kushki CEO Aron Schwarzkopf.