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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

Imagine if a North American company had the market share of Amazon, the payment flexibility of PayPal and the credit portfolio of Visa. In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It now operates in 18 countries in Latin America.

America 248
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Latin America Entices B2B FinTech Investors

PYMNTS

It was a big week for B2B FinTech startups in Latin America. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. . Remessa Online.

America 182
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Nuvemshop, Latin America's Shopify, Raises $30M

PYMNTS

The four intended to start a new marketplace software product for the Latin America region. That didn't take off — and the four founders instead began trying to solve the more simple issue of how to get small- to medium-sized businesses (SMBs) selling online.

America 215
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PrimeiroPay, Visa's CyberSource partner on cross-border payments in Latin America

Payments Source

Cross-border online payment service provider PrimeiroPay is partnering with Visa payment management platform CyberSource to open high-growth Latin America markets to merchants seeking access to those regions.

America 118
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Perficient Named in Forrester’s Digital Transformation Services Landscape, Q3 2023

Perficient

The report offers an in-depth overview of 38 digital transformation service providers, offering valuable insights into the market landscape. Supporting this is Envision Online , a comprehensive digital transformation platform that amplifies strategic decision-making based on the Envision Framework.

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Uber Loses Ground In Latin America Amid Increased Competition

PYMNTS

Latin America is becoming a new weak spot for Uber, showing a 2 percent growth, the lowest of any region for the ride-hailing company, Reuters reported on Monday (Nov. Increased competition in Latin America, mainly from the Chinese ride-hailing giant Didi Chuxing, is being blamed for Uber’s growth slowdown in that region.

America 118
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Delivery Hero Acquires Glovo's LATAM Business For Some $272M

PYMNTS

Niklas Östberg , CEO and co-founder of Delivery Hero, said in a prepared statement: "Latin America is a region with exceptional growth potential for online delivery. We truly believe that Delivery Hero is the best possible partner to take the business we’ve built in Latin America to the next level.

Regional 248