This capital increase reinforces the confidence of shareholders in the development of PicPay's business plan.
The island seeks to consolidate itself as a leading Caribbean fintech hub, with 55 reported fintech companies as of 2021.
Nubank, the largest neobank in Latin America, will introduce USDC to its Brazilian clients, a significant advancement for the stablecoin.
Financial arm of the major Brazilian retailer now facilitates cryptocurrency trading for millions of users of its digital wallet, MagaluPay.
Mexico's Banorte will launch neobank Bineo by late this year or in early 2024. It aims to add 3 million clients and operate independently.
Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.
The rise in interest rates has led to banks and fintechs cutting down on lending. For companies like Stori, that is an opportunity.
Buy Now Pay Later startups in Latin America could provide a way for lenders to finally reach the underbanked.
Wagner Ruiz, Co-founder of EBANX, talked at the Fintech Nexus LatAm 2022 event about the outlook for payment innovation in emerging markets.
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