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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.

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Latin America Tries To Tackle Its Digital Security Problem

PYMNTS

But the recent thefts, along with other attempted and completed cyberattacks, demonstrate why payments officials in the region are expressing fresh concern about financial security there. Evidence of that comes from Swift’s Latin America Regional Conference , held earlier this month in Miami. Fraud is a Top Worry.

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Pay Via Selfie? Now Available In Latin America

PYMNTS

Canada and the Netherlands, as well as a larger launch in Europe this year, Mastercard is now unveiling Identity Check Mobile to Latin America. The first two countries in the region to receive it are Brazil and Mexico. After fruitful trials in the U.S., The concept is similar to a “selfie” and thus is being dubbed “selfie pay.”.

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Deep Dive: How The COVID-19 Pandemic Is Shifting Latin America’s Open Banking Plans

PYMNTS

Open banking has been picking up steam in Latin America for more than two years. Regulators in Mexico passed a law governing FinTechs in March 2018, just two months after PSD2 went into effect in the European Union, and others in the region have since followed suit. the region. Open Banking And Digital Readiness.

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New Report: Mercado Pago On How Mobile Bridges The LatAm Banking Gap

PYMNTS

Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems. This means the crisis may have large-scale effects on how open banking develops in Latin America. Around The Data Protection World.

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Closing Latin America’s $350B SMB Trade-Finance Gap

PYMNTS

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. And in an interview with PYMNTS, Jacob Shoihet , co-founder and CEO of the online financing platform Marco Financial , said the problem is particularly acute for exporters. “In

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Mastercard, Juvo Team Up To Help Underbanked Build Credit In LATAM, Caribbean

PYMNTS

Mastercard is teaming up with FinTech startup Juvo to help the “underbanked” in Latin America and the Caribbean to build credit histories so they can engage in a wider range of financial services. Mastercard plans to take Juvo’s platform to financial institutions (FIs) across Latin America and the Caribbean.

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