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EBANX Acquires Brazilian Payment Firm Juno
Published on october 29, 2021
The Latin American payment FinTech EBANX has acquired the Brazilian eCommerce billing and banking firm Juno. As reported by Crowdfund Insider, Juno brings with it more than 35,000 small and medium company clients. The acquisition follows a $430 million Series C by EBANX in June, “as well as the acquisition of shares in the Brazilian […]
[...] Puerto Rico's FV Bank Readies to Launch Business Visa Card Tied to Crypto
Published on october 28, 2021
The U.S. licensed global challenger bank FV Bank announced Thursday (Oct. 28) that it will now be a Principal Member of Visa, according to a press release. FV Bank will use this to establish itself as a full-service bank, offering Visa cards and traditional banking services. However, FV Bank will also offer digital asset custody […]
[...] Surging Debit Use Leads ‘Eighty-Fold’ Acceleration in LatAm Digital Payments
Published on october 25, 2021
In just two years, Latin American debit and credit card use rates have essentially swapped their market share positions. In 2019, roughly 60% of the total purchases in the region were made through credit, whereas today, 65% of total sales from both physical and eCommerce stores are being done with debit cards, Gabriel Mejia, general […]
[...] Revolut Moves Into Mexico With Appointment of CEO Juan Miguel Guerra
Published on october 22, 2021
U.K. FinTech super app Revolut is expanding into Mexico and the Latin American market and named Juan Miguel Guerra CEO to build and lead its entry into the region, according to a press release emailed to PYMNTS on Friday (Oct. 22). Formerly head of Bogota, Colombia’s online digital delivery service RappiPay, Guerra also brings experience […]
[...] Deep Dive: How Colombia Can Provide a Blueprint for Latin American Digital Payments Growth
Published on october 22, 2021
The global health crisis provided an immediate jolt for Latin America’s nascent online payments ecosystem. One recent study determined that more than 60% of the region’s consumers reduced their cash use by at least 20% last year, while another report found that 40% of Colombian consumers are now buying products digitally. eCommerce sales also are expected to reach […]
[...] Banco de Bogotá on How 2020 Shaped Colombia’s Digital Payments Ecosystem
Published on october 21, 2021
The once cash-centric Colombian economy is undergoing a digital payments renaissance with consumers now choosing speed and convenience over old habits. In the latest Digitizing Payments in Latin America Playbook, Carlos Lindo, director of payment methods at Banco de Bogotá, explains how QR codes are helping Colombia’s smartphone-savvy population take the digital payments leap.
[...] QR Codes Turn Colombia's Cash-Centric Consumers Digital
Published on october 20, 2021
Consumers, businesses, financial institutions (FIs) and payment providers alike are all paying closer attention to Latin America as its digital payments ecosystem develops further in the wake of the global health crisis. Financial access is also expanding across the market, meaning more consumers can participate in the widening online financial space than ever before. For […]
[...] Bitcoin Daily: Brazilians Have Bought Over $4B in Cryptos This Year; Bitcoin ETF From ProShares Begins Trading; Coinbase to Be Official NBA Crypto Platform
Published on october 19, 2021
Brazilian residents are buying a lot of cryptocurrencies, even though the country plans to roll out new regulations, Finbold reported. Data from the Central Bank of Brazil showed residents have bought $4.27 billion in cryptos in 2021, with the highest amount, $756 million, being purchased in May, according to the report. In January, there was […]
[...] Cybersource and EBANX Team Up on Brazil Payments Platform
Published on october 18, 2021
eCommerce credit card payment platform Cybersource and Brazilian FinTech EBANX announced on Monday (Oct. 18) a collaboration that will streamline payments for customers across Brazil. The partnership means Cybersource’s clients can access EBANX’s payment solutions for Brazil and in turn offer their Brazil-based customers the ability to pay for products and services online with […]
[...] Reports of Fraud Mar El Salvador’s Bitcoin Journey
Published on october 15, 2021
In a week that saw bitcoin rocket to near previous highs, El Salvador’s own grand experiment with embracing the crypto as legal tender seems to be getting some pushback. At this writing, bitcoin is trading at more than $61,000, well within highs of roughly $64,000. But the mechanics of getting bitcoin more firmly entrenched into El […]
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