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Why Chile Is the Hot New Tech Testing Ground For LatAm Payment Providers

Why Chile Is the Hot New Tech Testing Ground For LatAm Payment Providers

Published on december 15, 2021

Digital payments have taken the world by storm in the past several years, but Latin America lags compared to other regions like Europe and Southeast Asia. Just 18% of consumers in Latin America use a FinTech, digital wallet or neobank to make purchases, for example, as opposed to 46% of consumers in the Asia-Pacific (APAC) […]

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Mexican Trucking FinTech Nets $4.5M for Expansion

Mexican Trucking FinTech Nets $4.5M for Expansion

Published on december 13, 2021

Solvento, a Mexican FinTech, has raised $4.5 million in an investment round, according to a press release. Solvento’s objective is to be a solution for shippers, to help them smooth out various complications and access more funding, the release stated. “Truckers are the unsung heroes of the supply chain, yet they often struggle due to […]

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As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for Bigger Financial Troubles

As Tanking Bitcoin Gives Salvadorans a National Haircut, UK Analytics Firm Sees a Smokescreen for Bigger Financial Troubles

Published on december 10, 2021

El Salvadoran President Nayib Bukele’s $70.7 million bitcoin investment was down $3.4 million — about 5% — a headline in La Prensa Grafica screamed on Tuesday (Dec. 7). On Friday it was down another $2.3 million. Volatility in bitcoin is nothing new, but if new investors are battered by fear, uncertainty and doubt — FUD […]

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Tribal Credit, Bitso, Stellar Collab for LatAm X-Border B2B Payments

Tribal Credit, Bitso, Stellar Collab for LatAm X-Border B2B Payments

Published on december 10, 2021

Business-to-business (B2B) payment and financing platform for emerging markets Tribal Credit is teaming up with Latin American crypto exchange Bitso and the Stellar Development Foundation to develop a new platform to facilitate cross-border B2B payments, according to a press release. Using Tribal Credit’s new cross-border payment service, Mexican businesses can send B2B payments in pesos […]

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Brazilian FinTech Dock Acquires Mexican Card Processor Cacao

Brazilian FinTech Dock Acquires Mexican Card Processor Cacao

Published on december 8, 2021

Brazilian FinTech infrastructure firm Dock has closed an acquisition deal for the Mexican card processing startup Cacao for undisclosed terms, according to a recent press release. Cacao is Dock’s first purchase outside of Brazil and its third acquisition overall. The deal widens Dock’s regional reach and drives its mission of positioning itself as the central […]

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Study: Local Payment Preferences a Critical Consideration in Latin America’s eCommerce Spend 

Study: Local Payment Preferences a Critical Consideration in Latin America’s eCommerce Spend 

Published on december 6, 2021

Latin America is proving to a significant greenfield opportunity for digital payments. In the Digitizing Payments In Latin America Playbook, a PYMNTS and Kushki collaboration, double-digit growth rates are in place throughout the region, forecast to last through the next several years. There are an estimated 267 million online consumers in the region, being served […]

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Clara Becomes Latin America’s Fastest Unicorn

Clara Becomes Latin America’s Fastest Unicorn

Published on december 6, 2021

The Mexico City-based spend management platform Clara announced its launch in Brazil Monday (Dec. 6), an occasion marked by $70 million in new funding and a $1 billion valuation.  As the company noted in its press release, that valuation comes just eight months after Clara’s launch, making it the fastest startup to reach unicorn status […]

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Brazil’s Movile Bets on Logistics, Payments and the Metaverse to Sustain Growth Streak

Brazil’s Movile Bets on Logistics, Payments and the Metaverse to Sustain Growth Streak

Published on december 3, 2021

A star of the pandemic digital shift, from massive mobile commerce growth to attracting FinTech investment, Brazil is cementing its position as an epicenter of digital innovation in Latin America. According to the Global Digital Shopping Index: Brazil Edition, a PYMNTS and Cybersource collaboration, 41% of Brazilian consumers say they are very or extremely likely […]

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Mexican BNPL Platform Kueski Snags $202M

Mexican BNPL Platform Kueski Snags $202M

Published on december 2, 2021

Mexican buy now, pay later (BNPL) firm Kueski on Thursday (Dec. 2) announced it had completed a $200 million equity and debt fundraising round that will help it expand the business, according to a Nasdaq report.  Private equity firm StepStone Group led Kueski’s $102 million equity investment round, while alternative investment firm Victory Park Capital […]

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Bexs Banco-Thunes Collaboration Brings Real-Time Payments to Brazil

Bexs Banco-Thunes Collaboration Brings Real-Time Payments to Brazil

Published on december 1, 2021

Singapore-based global payments company Thunes has teamed up with Brazil-based international digital payments platform Bexs Banco to bring real-time payments to Brazil, the companies announced Wednesday (Dec. 1). The partnership brings increased speed and transparency to inbound transactions for Brazilian recipients through Thunes, and the more than 112 million Pix users will receive instant payments […]

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