The Digital Real is one of the most ambitious undertakings of the BCB, which has been seeking to accelerate financial inclusion in Brazil.
The rise of the social and wellbeing benefits platform Betterfly has been meteoric in LatAm.
In Latin America's fast-growing digital space, Quick Response codes have quickly risen as a serious contender to cash and are now ubiquitous.
Brazil and India are leading instant payment growth, with Pix and UPI accounting for over a third of total instant payments worldwide.
Nubank, the largest neobank in Latin America, will introduce USDC to its Brazilian clients, a significant advancement for the stablecoin.
iCred will use these resources to expand its operations and enter the payroll loan market for the beneficiaries of the social security fund.
Low multiples could lead to strategic fintech M&A as companies with abundant capital take the opportunity to scoop deals.
Financial arm of the major Brazilian retailer now facilitates cryptocurrency trading for millions of users of its digital wallet, MagaluPay.
The company develops secured loans for motorcycles, cars and trucks so borrowers can improve their income.
Mexican fintech Kapital raised $40 million in a series-B funding this month and $125 million in debt financing to expand to new markets.