Nubank has finally reached breakeven, sending bolstering signs that ripple across the regional fintech ecosystem.
The new year opens and the fintech industry is poised at a pivotal moment, is consumer trust enough to overcome the challenging conditions?
Western Union announced plans to deploy its digital banking offering in South America's largest economy.
Wednesday, Visa partnered with Thunes, adding 1.5 billion digital wallets to the cross-border payments product Visa Direct.
Cross River announced it would power FuturePay's "MyTab" digital revolving credit platform, a merchant-focused consumer credit as a service.
Often marketed as a "force for good," UK fintech's actual impact on issues such as diversity and the climate crisis remains limited.
By offering buyers more flexible payment terms, BNPL encourages consumers to take on more debt they may not be able to repay.
As 43% of Generation Z and millennials increase credit card spending, it's an incentive to learn the preferences of this influential group.
The economic, reputational, and strategic implications of enforcement action can long outlive the action itself.
With regulation taking center stage, there's an opportunity for banks to take the place of some large BNPL providers and lead the space.