The central bank of Brazil is gearing up to launch Pix Automatico, a form of direct debit through instant payment system Pix.
Mexican fintech Clara relocated its headquarters to Brazil in an effort to claim a share of its massive digital payments market.
Nubank accelerates its Mexican expansion with personal loans, tapping into the country's promising growth prospects.
A decline in the number of neobank downloads in Brazil raises concern about saturation. Fintechs pivot profitability as competition heats up.
Brazil's fintech Nomad took $61 million in a Series-B funding round to expand its portfolio. Tiger Global Management led the investment.
Warren Buffett-backed Nubank reported a 44% increase in profits in the second quarter, as it expands its customer base in Latin America.
Mexican fintechs Klar and Konfio tap $100 million credit lines from U.S. firms to boost lending in the country.
The IMF said Brazil's Digital Real could reap the benefits of blockchain technology and compete with privately-issued stablecoins.
While VC funding to Latin American startups saw a year over year decline, the fact that it is stabilizing offers hope to the industry.
Amazon launched a credit card product in Brazil in an effort to compete with Mercado Libre and ramp up its fintech strategy in South America.