Mercado Libre launched Mercado Coin, its first-ever token that will be initially available in Brazil as part of its loyalty program.
JoinedJun. 9, 2022
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David is a Latin American journalist. He reports regularly on the region for global news organizations such as The Washington Post, The New York Times, The Financial Times, and Americas Quarterly.
He has worked for S&P Global Market Intelligence as a LatAm financial reporter and has built expertise on fintech and market trends in the region.
He lives in Buenos Aires.
Last month, Citi Ventures, the U.S. bank's VC unit, announced an undisclosed investment in Belvo, a Mexican open banking infrastructure firm.
Creditas made a bold acquisition in the context of uncertainty, as valuations for many fintechs plunged amid rising rates and volatility.
After almost three years of operation, Ank, Itau's digital banking enterprise in Argentina, is moving closer to a shutdown.
Nubank announced it had expanded its customer base sixfold over the past year, reaching a total of 2.7 million customers from 0.4 million.
Pix's massive success has triggered the fraudsters who always go where the action and money are congregating.
Despite fintechs making inroads, a recent survey shows inclusion progress has not been as swift as expected, especially for women.
The Brazilian digital lender added $200 million in its ninth funding round and announced it was buying both a bank and a mortgage lender.
Global neobanks have focused on the regional ecosystem as the fintech sector gained decent size and scale in the past few years.
BNPL business models gained momentum in Brazil earlier in the year among financial technology firms catering services to cardless customers.