“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.”

“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.”

“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%.”

“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.”

“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.”

“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.”

“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.”

“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.”