Payments News

On The Web

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Domains

The BCRA enables new forms of payment with transfers from today

“The first stage of the national system of Payment with Transfer 3.0, the initiative launched by the Central Bank of the Argentine Republic (BCRA), will begin operating this Monday in 50,000 shops as a tool that will integrate all electronic wallets and banking applications, to boost the digital payments and promote a greater financial inclusion […]
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Domains

Argentine Fintech Ualá Takes Mobile Payments to Small Businesses

“Argentina’s Ualá, the mobile payments company backed by heavyweight investors including George Soros, Steve Cohen and Tencent Holdings Ltd, is expanding into merchant services in Argentina. The company is launching Thursday a variety of services that cater for the first time to small businesses, said Ualá’s founder and chief executive officer, Pierpaolo Barbieri. Ualá will […]
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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 […]
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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 […]

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 […]