This acquisition consolidates Yaydoo's position as the largest provider of payment solutions in the Latin American B2B market.
The bill is aimed at cracking down on illegal activity around cryptocurrencies and also reduce operational risk for fintech companies; the central bank will be responsible for the new regulations if they are signed into law; the proposed law also encourages open banking through APIs although other details are not known until the secondary laws are unveiled by regulators; Mexico is currently a fast growing market for fintech according to recent data from Deloitte. Source
Digital neobank Albo saw a $40 million investment from U.S. and Mexican venture capital firms to expand SME loans in Mexico.
The Brazilian fintech company is opening an office today in Mexico and it is the first step in what might...
Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
Several of the largest fintechs in Mexico have plans to step up loans to small and medium-sized businesses in the country.
Mexico's Banorte will launch neobank Bineo by late this year or in early 2024. It aims to add 3 million clients and operate independently.
The Mexican operation represents Nubank's second-largest market and is seen as a strategic target in the company's internationalization plan.
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.
Apple Pay goes live in Mexico as issuer-processor Paymentology partners with Fondeadora to expand payments in the North American country.