Revolut, one of the largest digital banks in the world, has announced plans to expand its business to Latin America’s largest markets.
A drawn-out workers’ strike at Brazil's central bank in protest of wage increases is having an unexpected impact on the fintech industry.
Progress in open banking regulation will advance financial inclusion in Latin America, and prompt fintechs to forge alliances.
Fintechs are targeting the huge LatAm remittance market, as increased digitization paves the way for more affordable money transfers.
The fintech ecosystem in Latin America and the Caribbean has doubled in size in the past three years, with trends showing signs of maturity.
As of May 2022, the PIX system had roughly 118 million users, 56% of Brazil's population.
Argentina's market regulator launched a fintech innovation hub, a likely first step toward issuing cryptocurrency and fintech regulation.
Brazil, the largest country in Latin America, is moving closer to regulating cryptocurrencies with its own version of a Bitcoin law.
In a region with high market volatility, some Latin Americans turn to developed economies to invest a part of their savings.
As of April, the Brazilian economy reached the ninth spot as the country with the highest number of unicorn firms.