In addition to acquiring a 3.85% equity stake in the fintech Méliuz, BV will have the option to buy all shares of the controlling block.
Brazil and India are leading instant payment growth, with Pix and UPI accounting for over a third of total instant payments worldwide.
For Raízen, the acquisition of Payly represents the first step in developing this payments unit — and a new source of revenue.
Mexico's Banorte will launch neobank Bineo by late this year or in early 2024. It aims to add 3 million clients and operate independently.
With the new investment, Finkargo plans to accelerate the growth of more than 600 companies in the international trade sector.
The appearance of Techreo is one of the latest examples of financial technology firms looking to acquire clients at the base of the pyramid.
Chile's new fintech law will provide an incentive for other regulators in the region to move forward with similar frameworks, analysts say.
Exclusive interview with Andrew Seiz, head of finance at Kueski, on the 2024 outlook for consumer lending and Buy Now Pay Later in Mexico.
askRobin is based in Estonia but serves consumers in Latin America; the company first started in Mexico in late 2017,...
Progress in open banking regulation will advance financial inclusion in Latin America, and prompt fintechs to forge alliances.