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How Mexico’s Central Bank Plans to Move Payments to Digital
In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike.
- Categories
- Technology
- Region
- Latin America
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With Investors Expecting a Latin America Cryptocurrency Boom, Mexico’s Bitso Raises $62 Million
Six years after the launch of the Mexico-based cryptocurrency exchange and financial services platform Bitso, the company revealed it has closed on $62 million in financing to capitalize on the cryptocurrency boom investors expect to hit Latin America.
- Categories
- Finance
- Region
- Latin America
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Press Release: Henry Closes Us $1.5 Million Seed Round Led by Accion Venture Lab to Provide Technical Education to Students in Latin America
Henry’s model leverages remote learning and innovative financing structure (ISA) to provide technology courses for no upfront costs
- Categories
- Education
- Region
- Latin America
- Tags
- impact investing, startups
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Analysis: Remittances Show Promise in the Face of the Ongoing Global COVID-19 Pandemic
The COVID-19 pandemic has imposed catastrophic consequences across the world, with a disproportionate effect on Latin America and the Caribbean. With a projected 9 percent contraction in regional gross domestic product (GDP) for this year, experts fear that the heightened economic uncertainty and lower foreign demand brought on by the health crisis might signify yet another lost decade for Latin America. There is one factor, however, that paints a particularly promising picture for the outlook of the region: remittances.
- Categories
- Finance, Technology
- Region
- Latin America
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In Latin America, Farmers Use Microfinance to Fight Climate Change
Globally, more than 1.5 billion people live or work on small farms, like Gomez's. They often cannot afford the advanced technology that could help them contend with the fallout from climate change.
- Categories
- Agriculture, Environment
- Region
- Latin America
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Why B2B Fintechs Are Descending on Latin America
Although the COVID-19 pandemic is accelerating technology adoption across all industries in Latin America, the financial services sector is experiencing some of the fastest progress. The Fintech sector has been particularly resilient during the crisis over the past year, and its growth may even match or exceed the previous year’s record-setting funding.
- Categories
- Finance, Technology
- Region
- Latin America
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Mastercard, Juvo Team up To Help Underbanked Build Credit in LATAM, Caribbean
Mastercard is teaming up with FinTech startup Juvo to help the “underbanked” in Latin America and the Caribbean to build credit histories so they can engage in a wider range of financial services.
- Region
- Latin America
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Pandemic Draws More Latin American Poor Into Banking System
Sonia Fierro has lived her entire adult life selling children’s books on the streets of Colombia’s capital, earning wages that barely cover her living expenses, let alone the monthly fees that come with a bank account.
- Categories
- Coronavirus, Finance
- Region
- Latin America
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