Funding for Latin American fintechs surged in the first quarter, raising hopes that the worst for the industry may be behind it.
A decline in the number of neobank downloads in Brazil raises concern about saturation. Fintechs pivot profitability as competition heats up.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
After almost a year in the back seat, the fintech law in Chile is now approved in Congress.
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Mercado Libre launched Mercado Coin, its first-ever token that will be initially available in Brazil as part of its loyalty program.
Despite the crypto-winter, Mexican cryptocurrency unicorn Bitso is expanding its reach in Latin America, and they added a QR code feature.
RappiPay announced it has obtained financing for $112 million in credit to increase its service offering and consolidate the RappiCard.
Facing tighter financing conditions, several financial technology companies in Latin America have accelerated mergers and acquisitions plans.
After Pix and Open Finance, the central bank of Brazil is closing in on the launch of Drex, its central bank digital currency.