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August 26, 2024
On the wires
MercadoLibre Ramps up Fight With Argentine Banks Over QR Payments
Reuters
August 12, 2024
On the wires
Nium Expands Operations in Latin America, Accelerating Global Real-time Payments in the Region
PR Newswire
July 23, 2024
On the wires
XTransfer and EBANX Partner to Facilitate B2B Trade Payments in Latin America
PR News Wire
May 6, 2024
On the web
China’s Ant Group Doubles Down on Global Expansion With Cross-Border Payments Offering Alipay+
CNBC
February 28, 2024
On the wires
ACI Worldwide Partners With Kuvasz Solutions To Advance Real-Time Payments Adoption in Colombia
Business Wire
February 5, 2024
On the web
OKTO and Modulus Forge Key Partnership to Enhance Digital Payments
Contxto
December 14, 2023
On the wires
Banco de la República de Colombia and ACI Worldwide Partner to Power Real-Time Payments in Colombia
Business Wire
July 26, 2023
On the wires
Jeeves Launches Global Cross Border Payments and Prepaid Local Cards Expanding Its Corporate Offering in Three Continents
PR Newswire
June 27, 2023
On the wires
Embark on Your PIX Journey with PayRetailers and Empower Your Business in LATAM
Business Wire
June 13, 2023
On the wires
New Mastercard Study Reveals Financial Inclusion Momentum in Latin America, Highlights Remaining Gaps to Close
Business Wire
May 31, 2023
On the web
LatAm Fintechs Propose Joint Open Finance Regulation
Fintech Nexus News
May 15, 2023
On the web
Financial Regulators Take Mercado Pago Back to Earth After its Tear Through Latin America
Insider Intelligence
May 4, 2023
On the web
Meet Liquido, Which Aims to be the ‘Stripe of LatAm’ — But With Even Bigger Ambitions
TechCrunch
March 10, 2023
On the wires
PayRetailers Intensifies Deployment of Payment Solutions in Latin America
Businesswire
November 10, 2022
On the web
Ping Wants to Simplify Global Payments While Helping Latin Americans Embrace Crypto
TechCrunch
“If the global pandemic taught us anything, it’s that you could work from anywhere as long as you had a computer and good wireless signal. However, getting paid when you live, say, in Argentina but work for a company on the other side of the world is not so simple. Many fintech startups have taken on this challenge, including Ping . The company was started in 2021 to solve payment challenges in Latin America, where about 70% of the population does not have a traditional bank account . Today, it is a digital payment tool, available on Android, iOS and desktop, facilitating international payments for remote workers, contractors and freelancers in both their local currency and in fiat and cryptocurrency.”
June 24, 2022
On the web
Latin America’s Crypto Conquest is Driven by Consumers Needs
PR Newswire
“The digital payments revolution that began during the pandemic is consolidating and driving Latin American interest in cryptocurrencies. 51% of consumers in the region have already made a transaction with cryptoassets and more than a third say they have made a payment for an everyday purchase with stablecoin, reveals Mastercard’s New Payments Index 2022, a survey conducted between March and April of this year among more than 35,000 people around the world. The New Payments Index annually evaluates consumer behavior concerning emerging payment methods. In its second edition, the study shows that financial innovation -cryptocurrencies, DeFI solutions, blockchain, NFTs- registers significant activity in the region, with consumers eager to learn more about this ecosystem.”
April 27, 2022
On the web
Brazil’s Pix Instant Payments Accelerate Financial Inclusion as an “Instant Economy” Rapidly Rises in Latin America, Per EBANX Beyond Borders Data
PRWeb
“In a region where about half the population still doesn’t have a bank account, new payment types are unlocking the potential of the Latin American market for online merchants as the open banking movement matures there, according to a new Beyond Borders data analysis released by EBANX, the leading payments platform in Latin America that connects global companies to Latin America’s consumers. Methods such as Pix instant payments and digital wallets have paved the way to a major shift to digital commerce for Latin Americans with an increase of close to 50 percent more e-commerce users last year compared to pre-pandemic years (68% at the end of 2021 vs. 45% prior to the pandemic). This means that more than 150 million people bought online for the first time during the last two years.”
January 11, 2022
On the web
Brazilian Fintech Ebanx Sees Mexico Business Doubling for Second Year
Reuters
“Brazilian fintech Ebanx expects to double its business in the Mexican market for a second year in a row in 2022 as it pushes further into Latin America’s No. 2 economy, the company’s co-founder told Reuters. Ebanx, which facilitates cross-border payments, is bringing on up to 10 new retailers, opening its first office in the country and expanding its team, Joao del Valle said in an interview on Monday.”
On the wires
Spreedly More Than Doubles Latin American Transaction Volume Year-over-Year
“Spreedly, the provider of the leading Payments Orchestration platform, today announced that transaction volume across Latin America on the Spreedly platform has grown by over 100% year-over-year. As one of the world’s fastest growing e-commerce markets, there is a strong demand for ways to more easily scale payments across the region. In a recent report published by Americas Market Intelligence (AMI) , growth rates for Latin America from 2020 to 2024 are estimated to be between 20% to over 40%.”
January 5, 2022
On the wires
Nuvei Enables International Ecommerce Merchants to Accept Local Payment Methods in Latin America
“Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands, has announced today its capability enhancement which enables international merchants to accept local payment methods in 10 Latin American countries in addition to international card schemes and alternative payment methods (APMs). The Company’s newly introduced solution will support local card schemes and alternative payment options, streamlining the setup needed to support local payment methods, while boosting acceptance rates. This includes settlement in local currency, settlement in non-Latin American currencies, regional settlement, or a combination of all three.”
November 15, 2021
On the web
Rappi Hopes to Be Operating As Digital Bank in Colombia by Early 2022, Executive Says
Reuters
“Delivery mobile application Rappi hopes to get regulatory approval to operate as a digital bank in Colombia in the first quarter of next year, an executive said on Monday. If authorized, the company plans to expand its services as a financial entity through RappiPay, a joint venture with bank Davivienda (DVI_p.CN) , which already offers a credit card and an electronic account.”
September 8, 2021
On the web
Addi Raises $75M to Advance ‘buy Now, Pay Later’ in LatAm, Nearly Triples Valuation
TechCrunch
“Buy now, pay later is officially everywhere, and Latin America is no exception. Today, one startup in the region, Addi , is announcing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had raised $35 million in an equity round led by Union Square’s Opportunity Fund, and $30 million in debt funding from Architect Capital.”
September 7, 2021
On the web
How the Latin American Market Has Hit the Radar Screen for Major Processors
Digital Transactions
“North American payments processors are focusing lately on bulking up resources in Latin America, largely via acquisition. The latest example is Montreal-based Nuvei Corp., which on Tuesday said it has acquired Paymentez LLC, a 10-year-old payments provider that enables more than 80 payment methods in Mexico as well as 10 countries in South America. Terms of the deal were not announced. The news follows a pair of acquisitions rival processor Paysafe Group Holdings Ltd. has lately executed in the South American market and throws into relief the efforts by established payments firms to seek out high-growth international opportunities.”
August 25, 2021
On the wires
Mercado Livre Announces Acquisition of Kangu, a Latin American Logistics Operator | MercadoLibre, Inc.
“Mercado Livre, Latin America’s leading e-commerce and financial services technology company, has announced its acquisition of Kangu , a Brazilian logistics company that operates in Brazil, Colombia and Mexico. Mercado Livre, which was already a strategic partner, expanded its participation with the acquisition of the entire company. This is consistent with the platform’s strategy of increasing investment across its logistics network to boost efficiency for sellers and offer its thousands of customers the fastest delivery times in Brazil.”
August 20, 2021
On the web
E-commerce Platform Nuvemshop Becomes Brazil’s Latest Unicorn
Reuters
“Having raised $500 million in its latest funding round, Brazilian e-commerce platform Nuvemshop has become the latest unicorn startup in Brazil, the company said on Tuesday. The funding arrives just five months after Nuvemshop received an investment of 500 million reais ($95.2 million), bringing its 10-month total to $620 million and highlighting how Latin America’s fast-growing e-commerce segment has caught the eye of international investors.”
August 17, 2021
On the web
RappiPay Colombia obtained a license to become a neobank
Frecuencia Money
“RappiPay received authorization from the SuperFinanciera to become a neobank. RappiPay, a 50/50 “Joint Venture” of the Davivienda bank and the Colombian unicorn Rappi, received authorization from the Financial Superintendency of Colombia to establish itself as a banking entity, thus it has the way paved to be the next neobank in that country.”
August 16, 2021
On the wires
Paysafe to Acquire SafetyPay
“Paysafe (NYSE:PSFE) (“the company”), a leading specialized payments platform, today announced that it has signed a definitive agreement to acquire SafetyPay for USD 441 million in an all-cash transaction. SafetyPay is a leading payments platform that enables eCommerce transactions via an unrivalled choice of open banking and eCash solutions, operating primarily in Latin America. For Paysafe, this latest deal strengthens its strategic foothold in Latin America, building on its recently announced acquisition agreement with Peruvian payments platform, PagoEfectivo. Together the two acquisitions set Paysafe up to be the leading open banking and eCash solutions provider in Latin America, one of the world’s fastest-growing online markets.”
August 13, 2021
On the web
SumUp and Visa make alliance to promote digital payments
Payment Media
“SumUp and Visa partnered to promote the digitization and financial inclusion of small businesses and entrepreneurs through access to mPOS and other tools. So far they have reached more than 280 medium and small cities, including Yopal, Tuluá, Riohacha, San Andrés and Quibdó, among others. According to Visa, the consumer prefers the use of cards over cash.”
July 20, 2021
On the wires
BigCommerce and Mercado Libre Partner to Power Cross-Border Ecommerce Growth
“BigCommerce (Nasdaq: BIGC), a leading Open SaaS ecommerce platform for fast-growing and established brands, today announced a partnership with Mercado Libre (Nasdaq: MELI), the leading ecommerce marketplace in Latin America, to give BigCommerce merchants the ability to sell across Latin America to nearly 133 million unique consumers on Mercado Libre’s Marketplace. It also marks Mercado Libre’s first partnership with a major North American ecommerce platform and complements the company’s recent expansion into the United States.”
July 14, 2021
On the wires
Citi Latin America Announces Rollout of the Citi Digital Account
“Citi Treasury and Trade Solutions (TTS) Latin America today announced a successful launch of the Citi Digital Account. Citi Digital Account leverages innovative digital capabilities using Citi’s award-winning CitiDirect BE® Digital Onboarding, Electronic Signatures, and Digital Product Activations.”
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