Despite an onslaught of regulatory pressure on crypto and industry challenges, an interest in digital assets continues.
Nubank and Ualá expanded to Colombia to boost customer acquisition. Replicating success in Latin America is no easy feat for digital banks.
The Biden Administration's recent decision to end the Small Business Administration’s (SBA) decades-log moratorium on licensing new lenders opens the doors for community banks and credit unions to meet the needs of underserved communities, industry representatives believe.
Walmart Mexico announced the acquisition of payments startup Trafalgar to strengthen its digital wallet initiative.
With payroll lending, Nubank blazes a trail into secured lending, an asset that bears less risk than credit cards and individual loans.
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The payment operation, which has been awaiting regulatory approval for three years, will first focus on small merchants and will be implemented gradually in the South American country.
CSR initiatives and certifications are getting buffeted by corporate and political polarization around "doing good" versus "doing well."
According to the company, the goal of this expansion is to consolidate the fintech as one of the major players in LatAm, helping small businesses to reduce costs with payments by improving their financial management.
Payments fintech Pacto raised $4M from VC investors to expand its point-of-sale software to restaurants and bars in Mexico.