Fintechs in Mexico take on the challenge of competing with banks, in a country that lags most Latin American peers in financial inclusion.
Fintech unicorn Ualá finally obtained a banking license in Mexico, clearing the way for the neobank to aggressively expand its product suite.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
Fairplay provides technology and financing solutions for e-commerce businesses and marketplace sellers in Mexico.
Walmart Mexico announced the acquisition of payments startup Trafalgar to strengthen its digital wallet initiative.
Nubank's second product in Mexico was well received. Country manager Ivan Canales discusses the market strategy with Fintech Nexus.
Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
Payments fintech Pacto raised $4M from VC investors to expand its point-of-sale software to restaurants and bars in Mexico.