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Bitcoin Daily: Hillary Clinton Critiques Bitcoin; Cryptocurrency Transactions Now Taxed in Argentina

Published on november 21, 2021

Former Democratic presidential candidate Hillary Clinton has a skeptical view of bitcoin, saying there are worries that it could undermine the dollar, Bitcoin Magazine reported. “What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the […]

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Argentina Releases Decree to Tax Crypto Exchanges, Transactions

Published on november 19, 2021

Most cryptocurrency transactions and exchanges will be subject to taxation in Argentina after the government clarified and updated new rules limiting tax exemptions to third-party payment service providers, according to multiple reports. Argentina will levy a 0.6% tax on exchanges for cryptocurrency purchases and sales. The new tax is effective immediately. See also: Contentious Bitcoin […]

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How Cross-Border eCommerce Challenges Provide Opportunities for Innovators in Latin America

Published on november 19, 2021

Kludgey domestic payments infrastructure keeps merchants from giving consumers living in Latin America the chance to shop across borders in a seamless, secure way. In the Digitizing Payments In Latin America Playbook, Northwestern Mutual’s Souheil Badran explains how FinTechs and PSPs can fix that issue by modernizing local payments and processing.

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Dafiti: How eCommerce Players Can Gain the Loyalty, Trust of Latin American Consumers

Published on november 18, 2021

Latin American consumers are shopping more online, but marketplaces that want to gain their trust, loyalty and business need to do more than offer them products to buy. In the inaugural Global Merchants’ Guide To Latin America, Camilo Riveros, director of innovation for eCommerce merchant Dafiti, explains how a localized approach to payments is key to fostering engagement and loyalty among the region’s consumers.

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Why Payments Localization Is Key to Boosting International Commerce in Latin America

Published on november 18, 2021

eCommerce is quickly establishing itself as a significant industry in Latin America, with one report finding that 267 million online buyers now live within the region. This growth is simultaneously occurring as access to online banking channels and tools expands, with an October 2020 report revealing that 40 million Latin American individuals became banked in […]

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The Three Things Latin American Consumers Want from an Online Shopping Experience

Published on november 17, 2021

Digital retail sales are set to skyrocket in Latin America in the next few years, predicted to reach $160 billion by the end of 2025, according to one recent report. Such growth occurs as interest in — and usage of — emerging digital banking and payment methods expands among Latin American consumers. Another study found […]

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Cash No Longer King in Latin America

Published on november 17, 2021

Colombia’s digital banking space expanded by 59% between 2019 and 2020. Other nations in Latin America are following that lead, Kushki Chief Revenue Officer Madeleine Clavijo said in an interview with PYMNTS. At a high level during the pandemic, digital wallets and contactless payments became the only option many customers had for accessing products and […]

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Aplazo Raises $27M in Series A Funding for Mexico BNPL Growth

Published on november 16, 2021

Mexican omnichannel buy now, pay later (BNPL) platform Aplazo on Tuesday (Nov. 16) announced it’s raked in $27 million in Series A funding, four months after it grabbed $5.25 million in seed funding, and it plans to use the fresh capital for growth, including adding employees in several sectors. Aplazo said in the announcement it […]

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Mexican FinTech Stori Grabs $200M in Series C Funding

Published on november 11, 2021

Mexican FinTech Stori on Thursday (Nov. 11) closed a $125 million oversubscribed Series C equity funding round led by venture capital firm GGV Capital and growth-stage investor GIC, paired with a debt raise to fund Stori’s credit card portfolio. General Catalyst and Goodwater Capital also contributed to Stori’s fundraising efforts, as did Mexico-based Tresalia Capital […]

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Volt Expands Open Banking to Brazil

Published on november 11, 2021

Open payments gateway Volt has expanded operations to Brazil to make way for real-time payments, currency export and foreign exchange to the Central Bank of Brazil, according to a Thursday (Nov. 11) press release. As part of the expansion, the 2-year-old company has integrated Brazil’s domestic instant payments network Pix and set up a physical […]

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