Payments fintech Pacto raised $4M from VC investors to expand its point-of-sale software to restaurants and bars in Mexico.
Mexican digital payments system CoDi has been around for more than two years yet a large part of the population is unaware of it.
Nubank announced a partnership with Arcus by Mastercard to incorporate cash deposits into its offering in Mexico.
The Central Bank of Brazil announced a new string of regulations that would demand higher capital reserves for large-scale fintechs.
Last month, Citi Ventures, the U.S. bank's VC unit, announced an undisclosed investment in Belvo, a Mexican open banking infrastructure firm.
Open finance is growing fast in Brazil, with progress in regulation paving the way for new opportunities for local fintechs.
AltScore is planning to use the resources raised to boost its integrated credit platform in Latin America.
Warren Buffett-backed Nubank reported a 44% increase in profits in the second quarter, as it expands its customer base in Latin America.
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.
Open Finance turns three years in Brazil, and data shows it is growing at a steady pace, with over 40 million consents granted by users.