PicPay stated that, before reaching the market, the solution went through tests for eight months with 10,000 company and partner employees.
Latin America's neobanks showed growing profits and robust customer acquisition in the quarter, a sign of resilience amid economic troubles.
With the rise of fintech Brazil has seen a more competitive banking system with the largest banks losing market share
Diego Fleischmann co-founded Migrante in 2018, a Chilean fintech aimed at providing financial services to immigrants and the underbanked.
DriveWealth struck a partnership with investment platform Sproutfi that will allow companies to service Latin Americans investing in the U.S.
After Pix and Open Finance, the central bank of Brazil is closing in on the launch of Drex, its central bank digital currency.
Petro, Venezuela's oil-backed crypto is falling. Users are reporting paralysis, little acceptance among the public and a government overhaul.
Mercado Libre booked $359 million in profits from $129 million a year ago, driven by strong e-commerce in Mexico and growing fintech products.
Visa pulled the trigger on one of the most significant acquisitions of 2023, paying $1 billion in cash for Brazilian fintech firm Pismo.
Fairplay provides technology and financing solutions for e-commerce businesses and marketplace sellers in Mexico.