LatAm is seeing skyrocketing inflation and DeFi could mean survival for many citizens, but how can adoption be maximized?
Brazilian Nubank reached 79.1 million customers in Latin America by early April. That is up almost 20 million compared to a year ago.
The Digital Real is one of the most ambitious undertakings of the BCB, which has been seeking to accelerate financial inclusion in Brazil.
Argentine banks sued Mercado Libre for alleged dominant position in the market, while the fintech responded by dennouncing "cartelization".
Peruvian financial entities are preparing a system that will enable interconnection between several fintechs to boost direct payments.
Mexican fintech Aplazo concluded its Series B funding round, securing $70 million, with an additional $45 million in new equity financing.
Pix has led to a dramatic acceleration in financial inclusion, Carlos Brandt, head of Pix at the central bank, said at Fintech Nexus LatAm.
This new funding will allow Trii to expand operations in three key countries in the region: Colombia, Peru and Chile.
Latin America's neobanks showed growing profits and robust customer acquisition in the quarter, a sign of resilience amid economic troubles.
Latam crypto firms to face pressing capital needs in 2023 and a primary focus on transparency. Regulation bound to accelerate in the region.