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Fintech Nexus Newsletter

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Every day the Fintech Nexus News team writes original stories from around the world, and we archive them chronologically on this category landing page.

LatAm

·Apr. 4, 2024

Beyond Borders: Pix Ignites Instant Payment Revolution in Latin America

Brazil's Pix has not only reshaped its national payment landscape but also emerged as a catalyst for financial innovation across Latin America, showcasing the potential of instant payment systems. By 2026, Pix is poised to become a dominant force in Brazil's digital economy, reflecting its significant impact on financial inclusion and market competition. Its rapid adoption and innovative features are now inspiring neighboring countries, paving the way for a comprehensive digital payment transformation throughout the region.

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Fintech Nexus Newsletter

·Apr. 4, 2024

Fintech Nexus Newsletter (April 4, 2024): Ripple to take on Tether, Circle with new stablecoin

The US dollar stablecoin market has long been dominated by Tether (USDT) and Circle (USDC). Together these stablecoins have a market cap of around $140 billion or so. While others have tried, notably PayPal last year, there is no other stablecoin with a market cap of more than $3 billion.

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LatAm

·Apr. 4, 2024

Fintechs are booming in Mexico but financial inclusion is lagging

The number of fintechs operating in Mexico has grown consistently. Progress in financial inclusion, however, has been far less explosive.

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Fintech

·Apr. 3, 2024

How fintechs can do a better job with loyalty

A new white paper from Tillo exposes the dark truths behind fintech customer loyalty. It also gives practical recommendations on what we can do about it.

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Fintech Nexus Newsletter

·Apr. 3, 2024

Fintech Nexus Newsletter (April 3, 2024): Tally pivots to B2B, sunsetting its B2C app

Being a direct-to-consumer fintech can be expensive and difficult. The path to profitability is often a long and winding one, so we have seen several companies pivot to B2B in the last year or so.

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Open Banking

·Apr. 3, 2024

The Tide is Turning for Pay by Bank in the US

The open banking industry in the US had a slow start to life, but is shaping up for an exciting 2024. With the first glimpses of regulator support and increasing demand from merchants, Pay by Bank is set to become a serious alternative to mainstream payment methods in the minds of US consumers.

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Fintech Nexus Newsletter

·Apr. 2, 2024

Fintech Nexus Newsletter (April 2, 2024): Private equity firm to acquire Canada’s Nuvei for $6.3 billion

This deal was first rumored to be happening in mid-March. Yesterday, it became official. Private equity firm Advent International has agreed to acquire Nuvei in an all-cash deal valued at $6.3 billion.

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Banking

·Apr. 2, 2024

Fighting cash: Nubank seeks partners in Mexico

Nubank announced a partnership with Arcus by Mastercard to incorporate cash deposits into its offering in Mexico.

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Fintech

·Apr. 1, 2024

Fintech Nexus Newsletter (April 1, 2024): Sutton Bank and Piermont Bank the latest BaaS banks to be hit with consent orders

Banking as a Service (BaaS) continues to be in the crosshairs of the federal government. The latest banks to be hit with consent orders from the FDIC are Sutton Bank and Piermont Bank.

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