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.
Mobility giant Uber kicks off its fintech business in Mexico, the latest move from the US company to ramp up financial services overseas.
Mercado Libre booked $262 million in profits, up 113% year over year amid strong e-commerce tailwinds and a growing fintech business.
Fintechs in Latin America market high-yield saving accounts to win customers off from traditional financial institutions.
Catering to immigrants became a sizeable business for Latin American fintechs, a segment frequently overlooked by traditional institutions.
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.
Petro, Venezuela's oil-backed crypto is falling. Users are reporting paralysis, little acceptance among the public and a government overhaul.
Brazil has established its central bank as the primary regulator of the crypto economy, potentially a first step toward broader regulation.
Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.
Visa pulled the trigger on one of the most significant acquisitions of 2023, paying $1 billion in cash for Brazilian fintech firm Pismo.