Payments News

On The Web

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Deals

Mexico’s Credijusto Buys Banco Finterra, Eyes U.S. Business

“Mexican small business lender Credijusto has purchased local bank Banco Finterra in what it says is the first acquisition of a bank by a fintech company in Mexico, as the startup seeks a competitive edge in the fast-growing digital banking sector. The deal for under $50 million closed last week after a year and a […]
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Deals

Digital bank Nubank to invest $135 million to expand in Mexico

“Brazilian digital bank Nubank announced on Thursday a $135 million investment to expand services in Mexico. According to a statement, Nubank will inject $70 million in its Mexican subsidiary and the rest will be financed by JPMorgan Chase & Co JPM.N, Goldman Sachs and Bank of America Corp BAC.N.”
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Global

Global Payment Infrastructure Provider Dapi Launches Bank Payment Initiation and Account Data Aggregation Services in Mexico

“Dapi , a global payment infrastructure, recently announced the launch of its payment initiation and account data aggregation services in Mexico. Founded in 2019,  Dapi is a real-time banking API that enables companies to accept bank transfer payment within any application instantly with near-zero cost. The company’s mission is to simplify bank payment and reduce online processing […]
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Global

Apple Pay Goes Live in Mexico

“Apple Pay has rolled out in Mexico, with support for American Express and for Mastercards issued by the country’s Banorte and Citibanamex banks. According to the payment service’s updated Mexican website , retail chains supporting Apple Pay in the country at launch include 7-Eleven , Chili’s , Domino’s Pizza , Italianni’s , MacStore , Petco […]
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Deals

Mexican challenger bank albo raises $45 million to expand

“With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. And the company has recently raised another $45 million to consolidate its position.”
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Global

JPMorgan-Backed Brazil Fintech Plans to Expand in U.S., Mexico

“FitBank Pagamentos Eletronicos SA, a Brazilian fintech backed by JPMorgan Chase & Co. , plans to open a U.S. office in the first half of 2021. The payment-services firm, which has more than 100 clients in Brazil, is also expecting to start operations in Mexico, Peru and Colombia sometime next year, according to Chief Executive […]

On The Wires

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Deals

Clip Becomes Mexico’s Fintech Unicorn

“Clip, Mexico’s leading digital payments and commerce platform, today announced it has received a U.S. $250 million capital investment led by the SoftBank Latin America Fund and Viking Global Investors LP. The investment is the largest ever for a payments company in Mexico and establishes Clip as the first payments Unicorn in the 12th largest […]
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Global

Venio Launches Operations in Mexico in Support of Its International Expansion

“Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico. Venio Aplicaciones de Mexico, the Company’s Mexican business arm, has been established to support Venio’s expansion across the high growth emerging market. Venio’s international rollout has been expedited on the back of […]