Peruvian financial entities are preparing a system that will enable interconnection between several fintechs to boost direct payments.
Petro, Venezuela's oil-backed crypto is falling. Users are reporting paralysis, little acceptance among the public and a government overhaul.
This capital increase reinforces the confidence of shareholders in the development of PicPay's business plan.
This week, PicPay, one of the leading digital wallets in Brazil, announced a new acquisition in a bid to gain ground in Brazil's trillion-dollar loan market.
Last month, PicPay launched peer-to-peer lending for companies, a major innovation in a bid to enhance the product suite.
Picpay was expecting to break even only in the middle of 2024 and could prepare again to go public on the New York Stock Exchanges.
As of May 2022, the PIX system had roughly 118 million users, 56% of Brazil's population.
The president of the Central Bank of Brazil announced Pix protocols would be made available to other regulators.
Pix achieved the milestone of 3 billion monthly transactions in March, up from a previous record of 2.8 billion by the end of last year.
A survey by Fiserv indicate the growing use of modern payment methods in Brazil such as Pix, QR codes and online shopping.