Payments News

On The Web

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Global

Brazilian Fintech Ebanx Sees Mexico Business Doubling for Second Year

“Brazilian fintech Ebanx expects to double its business in the Mexican market for a second year in a row in 2022 as it pushes further into Latin America’s No. 2 economy, the company’s co-founder told Reuters. Ebanx, which facilitates cross-border payments, is bringing on up to 10 new retailers, opening its first office in the […]
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Global

How the Latin American Market Has Hit the Radar Screen for Major Processors

“North American payments processors are focusing lately on bulking up resources in Latin America, largely via acquisition. The latest example is Montreal-based Nuvei Corp., which on Tuesday said it has acquired Paymentez LLC, a 10-year-old payments provider that enables more than 80 payment methods in Mexico as well as 10 countries in South America. Terms […]
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Deals

E-commerce Platform Nuvemshop Becomes Brazil’s Latest Unicorn

“Having raised $500 million in its latest funding round, Brazilian e-commerce platform Nuvemshop has become the latest unicorn startup in Brazil, the company said on Tuesday. The funding arrives just five months after Nuvemshop received an investment of 500 million reais ($95.2 million), bringing its 10-month total to $620 million and highlighting how Latin America’s […]
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Global

RappiPay Colombia obtained a license to become a neobank

“RappiPay received authorization from the SuperFinanciera to become a neobank. RappiPay, a 50/50 “Joint Venture” of the Davivienda bank and the Colombian unicorn Rappi, received authorization from the Financial Superintendency of Colombia to establish itself as a banking entity, thus it has the way paved to be the next neobank in that country.”

On The Wires

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Global

Spreedly More Than Doubles Latin American Transaction Volume Year-over-Year

“Spreedly, the provider of the leading Payments Orchestration platform, today announced that transaction volume across Latin America on the Spreedly platform has grown by over 100% year-over-year. As one of the world’s fastest growing e-commerce markets, there is a strong demand for ways to more easily scale payments across the region. In a recent report published by […]
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Global

Nuvei Enables International Ecommerce Merchants to Accept Local Payment Methods in Latin America

“Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI) the global payment technology partner of thriving brands, has announced today its capability enhancement which enables international merchants to accept local payment methods in 10 Latin American countries in addition to international card schemes and alternative payment methods (APMs). The Company’s newly introduced solution will support […]
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Deals

Mercado Livre Announces Acquisition of Kangu, a Latin American Logistics Operator | MercadoLibre, Inc.

“Mercado Livre, Latin America’s leading e-commerce and financial services technology company, has announced its acquisition of Kangu , a Brazilian logistics company that operates in Brazil, Colombia and Mexico. Mercado Livre, which was already a strategic partner, expanded its participation with the acquisition of the entire company. This is consistent with the platform’s strategy of increasing investment across its […]
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Deals

Paysafe to Acquire SafetyPay

“Paysafe (NYSE:PSFE) (“the company”), a leading specialized payments platform, today announced that it has signed a definitive agreement to acquire SafetyPay for USD 441 million in an all-cash transaction. SafetyPay is a leading payments platform that enables eCommerce transactions via an unrivalled choice of open banking and eCash solutions, operating primarily in Latin America. For […]