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Why Fintech Startups Are Rapidly Becoming Unicorns in Latin America
In the past few years, over 300 fintech startups have been born in Mexico alone, coming in just second to Brazil, which boasts nearly 400 startups in its own fintech sector.
- Categories
- Finance, Technology
- Region
- Latin America
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Jamaica Microlenders Fear Business Fallout From Regulated Rates
The bill known as the Micro Credit Act proposes to link loan rates to treasury bill rates and the cost of issuing micro loans.
- Categories
- Finance
- Region
- Latin America
- Tags
- microfinance
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Mexico central bank says Uber, other firms interested in mobile pay system
When asked if Uber, the San Francisco-based ride-hailing firm, was one of the companies that had expressed interest, Diaz de Leon confirmed it had. But he noted that many prospective users were still trying to get to grips with how they might use CoDi.
- Categories
- Finance, Technology
- Region
- Latin America
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Press release: SoftBank Group Corp. Announces Launch of New $5 Billion Technology Growth Fund for Latin America
The unique traits and rapid economic development of the Latin American market, coupled with the fact that it represents 10% of the world’s population and 8% of the world’s GDP (two times the GDP of India and half that of China), present significant growth opportunities for rapid technology deployment at scale and disruptive innovation.
- Categories
- Technology
- Region
- Latin America
- Tags
- impact investing
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Paypal to invest $750M, and Dragoneer $100m, into MercadoLibre, Argentina’s e-commerce powerhouse
“Digital commerce in Latin America is experiencing tremendous growth and MercadoLibre is well-positioned for continued leadership,” said Dan Schulman, president and CEO, PayPal, in a statement. “We’ve been impressed with the digital commerce and payments ecosystem Marcos and his team have built.”
- Categories
- Finance, Technology
- Region
- Latin America
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Mexican central bank in talks with Amazon about new mobile payments
The payment system, known as CoDi, is being built by central bank Banco de México, known as Banxico. CoDi will allow customers to make payments online and in person through smartphones free of charge using QR codes.
- Categories
- Finance, Technology
- Region
- Latin America
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Mexico Ruling Party Says Deal Struck With Banks on Fee Bill
The new version of the bill removes across-the-board prohibitions from the original legislation, but requires banks to offer zero-fee accounts to low income clients, Monreal’s aide Juan Garay said.
- Categories
- Finance
- Region
- Latin America
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Mexico pushes mobile payments to help unbanked consumers ditch cash
It is planning a digital payments system run and built by the central bank that will allow Mexicans to make and receive payments through their smartphones free of charge. A pilot roll-out for the platform, known as CoDi, is expected by March.
- Categories
- Finance
- Region
- Latin America
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