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

PYMNTS

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors.

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Samsung Pay Launches Debit Card, Money Management

PYMNTS

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. By early 2019, Samsung Pay’s international presence grew to six global regions. has seen slow adoption compared to other regions. has seen slow adoption compared to other regions.

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Visa, NovoPayment To Deploy Digital Solutions In Latin America, Caribbean

PYMNTS

Visa and banking-as-a-service platform NovoPayment are expanding their strategic partnership to advance the deployment of digital solutions in Latin America and the Caribbean, Visa said in a press release on Tuesday (Dec. Since partnering two years ago, Visa and NovoPayment have advanced digital payments across the region.

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Visa On Capturing The Digital Payments Opportunity In Latin America

PYMNTS

The advance of digital payments in Latin America over the last two decades has been slow when measured against other parts of the globe. In a region where 80 percent of transactions are still carried out in cash, penetration remained low, and digital payments remained a tough sale. ” Latin America’s Digital Path Forward.

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WEX Takes The Virtual Card To Latin America

PYMNTS

Corporate payments firm WEX is pushing virtual card technology within Latin America and has announced a new partner to help the cause. Argo will integrate WEX’s virtual card number (VCN) technology as an additional payment option for its corporate and travel agency clients.

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Bank Of America Bans Crypto Purchases Using Its Credit Cards

PYMNTS

bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports. Bank of America (BofA) officially announced it “will begin declining credit card transactions with known cryptocurrency exchanges” today through a memo distributed to employees on Thursday (Feb.

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Why Regional Payment Preferences Matter For Global Subscriptions

PYMNTS

Beyond product and strategy, payment methods come with highly regional preferences. merchants — is assuming everyone uses credit cards for online payments. The primary thing that merchants discover pretty quickly as they start going cross-border is that credit cards aren’t taken everywhere. 47 percent) and Spain (39 percent).

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