Argentine neobank Ualá announced it was moving into the segment, partnering with Mexican incumbent ABC Capital.
Cryptocurrency regulation has been embedded into broader financial technology regulation or postponed in a "wait and see" approach.
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After a sharp lending slowdown in 2022, fintechs in Latin America gear up for credit growth next year as rate pressures fade out.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
By December 2022, PagSeguro had 28 million customers, making it the second-largest digital bank in Brazil.
Transfeera, a banking-as-a-service provider in Brazil focusing on B2B transactions, raised $ 1.3 million this month in a series A round.
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.
Latin American fintech Kiwi raised $80 million in funding to boost lending to underbanked Latino migrants in the United States.
Latin America's neobanks showed growing profits and robust customer acquisition in the quarter, a sign of resilience amid economic troubles.
After years of waiting, the central bank of Brazil has finally authorized Meta's WhatsApp merchant payment system.