This new digital solution will be available in January and users will be able to access the fintech's services through Walo's physical points and app.
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To increase the engagement of the fintech's user community, the new product will expand Nubank's internal rewards program.
Mercado Libre booked $359 million in profits from $129 million a year ago, driven by strong e-commerce in Mexico and growing fintech products.
Identity done right can be a competitive differentiator for security and protecting your customers, Mastercard's VP of Digital ID said.
Nubank announced a partnership with Arcus by Mastercard to incorporate cash deposits into its offering in Mexico.
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Progress in open banking regulation in the region is paving the way for new business models to emerge in the wake of greater financial data integration and growing fintech infrastructure.
Latin America's digital bank Nubank reported a record net income in Q4 as it continues to grow in Mexico, Colombia and Brazil.
Companies around the South American country are driving a movement towards the "fintechtization" of the sector.