The fintech ecosystem in Latin America and the Caribbean has doubled in size in the past three years, with trends showing signs of maturity.
Crypto is poised to transform payments, says Circle CEO Jeremy Allaire, and the stablecoin maker behind USDC wants to be at the heart of this future.
According to Banking Technology, PayU will be implementing Mambu's software-as-a-service based core banking platform; the software will support PayU's short-term deferred payment product; Mambu now has 26 clients which it supports from its Miami office; PayU is currently running a pilot in Colombia but it is expected to roll out services across Latin America. Source
Volt has expanded operations to Brazil to make way for real-time payments, currency export and foreign exchange to the Central Bank of Brazil.
Researchers at the Federal Reserve Bank of San Francisco said the CME Group’s decision to list bitcoin futures has caused...
Papaya, a mobile payment platform that reduces bill pay friction, announced raising a $50 million Series B funding round.
The trick is in breaking the American economy into many sub-sectors and taking a granular, forward look into the commercial loan book.
China Construction Bank is working with IBM to develop blockchain-enabled “bancassurance” platform for its retail and commercial banking arm in Hong Kong; A ‘bancassurance’ endeavor typically sees sales of insurance products through banks; the blockchain platform, which is expected to launch in Q3 2017, is currently in its testing phase between China Construction Bank (Asia) and its insurance providers and their clients. Source
As the crypto markets continue to tumble, a major industry player’s beliefs are also taking a turn as he shifts from being a “Bitcoin maximalist” to what he calls a “Bitcoin rationalist.”...
Coinbase has made it easier for its customers to use cryptocurrencies like bitcoin to make retail purchases. The changes are a good step forward, but they don’t—and probably could never—address one of the biggest pitfalls to paying with your crypto: The tax implications.