Payments News

On The Web

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Global

Tencent Joins Soros and Cohen With Stake in Agentina’s Uala

“Chinese Internet giant Tencent Holdings Ltd . is taking a stake in Argentina’s mobile payments app Uala, adding to previous investments by Goldman Sachs and billionaires George Soros and Steve Cohen.    The equity investment will be used to continue developing the fintech company in South America’s second-largest economy, according to founder and CEO Pierpaolo […]
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Global

Banks in Argentina Unite to Launch Fintech App Dimo Vs Mercado Pago

“It’s no secret that marketplace giant Mercado Libre has been busy scaling its logistics operations and partaking in a large share of Latin America’s e-commerce. In the process, its fintech arm, Mercado Pago , has also been growing. Thus, multiple traditional banks have noticed and are taking cards in the matter.  They’ve recently come together […]

On The Wires

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Global

Worldpay from FIS Expands Operations in Argentina with Domestic Acquiring Capability

“FIS ® (NYSE: FIS) today announced the latest expansion of its global footprint in the Latin American market by securing domestic card scheme acquiring licenses in Argentina. With the ability to offer local merchants in-country payment processing, Argentine sellers will have access to a broader set of Worldpay from FIS merchant solutions products and services for […]