Payments News

On The Web

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Deals

Pomelo Raises $9M to Build a Payments Infrastructure for LatAm Fintechs

“Pomelo, a startup building a fintech-as-a-service platform for Latin America, has raised $9 million in a seed round of funding. The Buenos Aires-based startup’s new infrastructure aims to allow fintechs and embedded finance players to launch virtual accounts and issue prepaid and credit cards via “compliant” onboarding processes.”
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Global

Arcus Announces Arcus Pay: Payment Track That Converts Points Of Sale Into ATMs

“Arcus, the leading fintech platform that makes financial technology possible for everyone, announces the launch of Arcus Pay, a payment track through which a network of 60 thousand retail points of sale will offer Cash-in and Cash-out transactions for consumers of fintechs and neobanks. Arcus Pay allows you to transform physical money into digital money […]
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Global

EBANX Partners with PicPay to Offer New Payment Option in Brazil

“EBANX, a Latin American fintech specialised in local payment solutions for global merchants, has partnered with PicPay, the largest digital wallet in number of users in Brazil, to offer a new payment option in the country. International companies that adopt EBANX’s solutions to sell in Brazil through digital payment accounts can now offer PicPay as one of […]
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Companies

Mastercard & Juvo to provide financial services to underbanked consumers in Latin America

“Juvo, a pioneer of financial identities for the underbanked, today announced a new partnership with Mastercard. Juvo was accepted into Mastercard’s global fintech startup engagement program, Start Path, last August. Now, Juvo is collaborating with Mastercard’s Latin America and Caribbean (LAC) team to introduce its FiDaaS (Financial Identity as a Service) platform to hundreds of financial […]
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Global

Hoping to be LatAm’s Top Digital Bank for SMBs, Xepelin Launches a Lending and Revenue Management Service

“There’s another entrant in the startup race to provide financial services to Latin America’s small and medium-sized businesses. Financial services have been a huge opportunity for startups coming out of Brazil, Colombia and Mexico in recent years, and now Xepelin , a new company from Chile, is looking to join the fray.”

On The Wires

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Global

Galileo Financial Technologies Accelerates Expansion and Opens Latin America Headquarters and Innovation Center in México

“Galileo, the API standard for card issuing and digital banking and a leading technology platform subsidiary of Social Finance, Inc. (SoFi), today announced the opening of a Latin America headquarters and innovation center in the iconic Torre Reforma building in Mexico City. The move follows the incorporation of Galileo’s Mexican subsidiary and the initial opening of its first […]
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Domains

Lightspeed Partners With DLocal to Power Payments for Independent Merchants in Mexico

“dLocal , the foremost payment platform connecting global merchants to emerging markets, and Lightspeed (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced a new partnership. The collaboration will allow Lightspeed merchants to accept local payment options across Latin America as the small business market in that region undergoes a […]
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