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.
Mounting cryptocurrency adoption in Latin America is drawing investment capital into the region, signifying that growing interest.
Some $29.4 billion were deployed in Latin-American tech startups during 2021, up from a previous record of $16.8 billion.
Visa pulled the trigger on one of the most significant acquisitions of 2023, paying $1 billion in cash for Brazilian fintech firm Pismo.
This is Visa's second offer for the Brazilian fintech. Previously, the American company offered $1 billion to acquire the startup, but the offer was refused.
Fintech Nexus discussed Walmart's fintech strategy in Mexico with Marcelino Herrera, Chief Financial Services Officer at the retailer.
Walmart Mexico announced the acquisition of payments startup Trafalgar to strengthen its digital wallet initiative.
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.
Western Union announced plans to deploy its digital banking offering in South America's largest economy.
After Pix and Open Finance, the central bank of Brazil is closing in on the launch of Drex, its central bank digital currency.