The last years have been great for fintechs. But this scenario of rising interest rates and economic uncertainty is hitting companies hard.
Brazil's Minister of Finance criticized "stratospheric" revolving credit card interest rates amid a campaign to push through economic reforms.
As digital banking moves forward, Brazil's fintech sector will incur higher cybersecurity spending following greater risks.
BNPL credit models are growing in Latin America's fintech sector, with major investments recorded even as rising rates deter risk appetite.
PicPay stated that, before reaching the market, the solution went through tests for eight months with 10,000 company and partner employees.
Here are the most read news stories from our daily newsletter today: Where Latin America financial inclusion efforts need focusing...
N26 said they are furloughing 10 percent of their staff, cutting back on advertising spending and reconsidering their planned launch...
Back in December we held Finnosummit Miami by LendIt Fintech to capture all of the interesting things happening in Latin...
Progress in open banking regulation will advance financial inclusion in Latin America, and prompt fintechs to forge alliances.
Buy Now Pay Later startups in Latin America could provide a way for lenders to finally reach the underbanked.