On The Web
nbsp;
“The digital payments revolution that began during the pandemic is consolidating and driving Latin American interest in cryptocurrencies. 51% of consumers in the region have already made a transaction with cryptoassets and more than a third say they have made a payment for an everyday purchase with stablecoin, reveals Mastercard’s New Payments Index 2022, a […]
Brazil’s Pix Instant Payments Accelerate Financial Inclusion as an “Instant Economy” Rapidly Rises in Latin America, Per EBANX Beyond Borders Data
“In a region where about half the population still doesn’t have a bank account, new payment types are unlocking the potential of the Latin American market for online merchants as the open banking movement matures there, according to a new Beyond Borders data analysis released by EBANX, the leading payments platform in Latin America that […]
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 […]
Rappi Hopes to Be Operating As Digital Bank in Colombia by Early 2022, Executive Says
“Delivery mobile application Rappi hopes to get regulatory approval to operate as a digital bank in Colombia in the first quarter of next year, an executive said on Monday. If authorized, the company plans to expand its services as a financial entity through RappiPay, a joint venture with bank Davivienda (DVI_p.CN) , which already offers […]
Addi Raises $75M to Advance ‘buy Now, Pay Later’ in LatAm, Nearly Triples Valuation
“Buy now, pay later is officially everywhere, and Latin America is no exception. Today, one startup in the region, Addi , is announcing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had raised $35 million in an equity round led […]
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 […]
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 […]
On The Wires
nbsp;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 […]
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 […]
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 […]