Instant payment system Pix has overtaken credit and debit cards as the most used means of payment in Brazil.
Fintechs are diversifying to survive, adding solutions to monetize their customer base and reduce dependence on riskier lines of business.
Nomad, which offers dollar accounts to Brazilians, will now allow its customers to pay in installments for purchases made abroad.
Plurall and dale! want to expand the supply of credit in the underserved market, providing solutions for small entrepreneurs to prosper.
Brazil's Minister of Finance criticized "stratospheric" revolving credit card interest rates amid a campaign to push through economic reforms.
QED raised $1B in funding to back fintech startups. Partner Mike Packer talked to Fintech Nexus to discuss its impact on Latin America.
Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
Founded in 2021 by Shanxiang Qi and MengKe 'MK' Li, Liquido recorded more than $300 million in transactions since its launch.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.