By December 2022, PagSeguro had 28 million customers, making it the second-largest digital bank in Brazil.
Progress in open banking regulation will advance financial inclusion in Latin America, and prompt fintechs to forge alliances.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
To increase the engagement of the fintech's user community, the new product will expand Nubank's internal rewards program.
Belvo will provide access to employment data at the Mexican Social Welfare bureau. It could be a key driver for lending to the underbanked.
Nubank steps up its game in Latin America by offering remittances in Mexico and securing a new license in Colombia.
Latam regulators show growing interest in the technology that powers cryptocurrencies. Brazil is to begin pilot tests for its CBDC this month.
Fintech leaders praised Milei's win in presidential elections, anticipating a more favorable scenario for the technology sector.
Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.
US fintech giant Fiserv acquired Argentine digital wallet Yacare to ramp up its offering to clients and compete with Mercado Libre.