Latin America: An ecommerce economy on the rise
Payments Dive
JUNE 6, 2019
Latin America presents a growing regional economy, however the payments and ecommerce industries present unique challenges.
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PYMNTS
JUNE 3, 2020
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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PYMNTS
APRIL 14, 2020
To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. Our industry-leading rates platform now combined with Currencycloud’s capabilities will make our offering even more powerful for our regional and community banking clients.”.
PYMNTS
JUNE 19, 2020
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.
PYMNTS
OCTOBER 14, 2020
The four intended to start a new marketplace software product for the Latin America region. Nuvemshop was formed by Santiago Sosa, Alejandro Vazquez, Martin Palombo and Alejandro Alfonso and went through numerous trials and errors on the way to forming.
PYMNTS
JUNE 16, 2020
Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to small and medium-sized businesses (SMBs). “Together we will ensure that SMEs across Latin America have the fairest access to finance available.”
PYMNTS
AUGUST 6, 2019
Payments startup Stripe has announced that it’s opening up an office in Mexico City to take advantage of opportunities for growth in the Latin American region , according to a report by CNBC. Stripe Chief Business Officer Billy Alvarado said that the activity in the region made the move an easy choice.
PYMNTS
DECEMBER 4, 2019
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.
PYMNTS
JUNE 18, 2020
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.
Payments Dive
MAY 17, 2017
This white paper gives an overview of the mobile payments landscape in Latin America. It covers 10 of the biggest countries in the region by population where Fortumo has coverage: Brazil, Mexico, Colombia, Argentina, Venezuela, Peru, Chile, Ecuador, Bolivia and Panama.
PYMNTS
MARCH 7, 2019
“There is so much innovation and disruption taking place in the region and I believe the business opportunities have never been stronger,” said Claure in a statement. The new fund plans to invest in technology companies across Latin America, going after the same industries and sectors that SoftBank already invests in.
PYMNTS
AUGUST 30, 2019
The moves are designed to further last-mile operations in Latin America. Lange added that Latin America remains a “key market.”. Amazon and Walmart are but two of the marquee names focusing their efforts on the region. As reported by The Next Web, the last-mile arena in Latin America is marked by increased competition.
Payments Dive
OCTOBER 27, 2020
Mike Lemberger, senior vice president and regional risk officer for Visa, North America, explains ways that Visa is helping disrupt fraud before it costs consumers and businesses. Fraud is something that continually affects the financial industry.
Payments Source
DECEMBER 14, 2020
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.
Payments Dive
MAY 24, 2018
Fortumo's latest market report gives an overview of the mobile payments landscape in Latin America. It covers 9 of the biggest countries in the region by population where Fortumo has coverage: Brazil, Mexico, Colombia, Argentina, Peru, Chile, Ecuador, Guatemala and Bolivia.
PYMNTS
OCTOBER 27, 2017
Earlier this month, NovoPayment , a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the first such platforms servicing Latin America, according to a press release. Its clients include banks, financial institutions and others throughout the Americas.
PYMNTS
NOVEMBER 11, 2019
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.
The Paypers
AUGUST 30, 2023
Binance , a blockchain and cryptocurrency infrastructure provider, has launched Send Cash in Latin America, to allow users to transfer crypto through Binance Pay from nine countries in the region.
BankInovation
APRIL 11, 2024
We definitely see cloud migration as a must,” Rodrigo Silva, regional director for the Americas at Temenos, tells Bank Automation News on this episode of “The Buzz” podcast. Financial institutions are prioritizing cloud migration as cost reduction and innovation continue to be top of mind. “We
PYMNTS
MAY 30, 2018
What will it take to make Latin America more digital — in payments, commerce, FinTech or even healthcare? Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. Healthcare seems likely to play a role.
Payments Dive
JUNE 21, 2019
Latin America has become an increasing focus of development in the emerging digital payments market, as the region transitions from a heavily cash-based system to increase automation, speed and transparency.
PYMNTS
MARCH 7, 2019
Bird , the scooter sharing startup, is gearing up to roll out a new program in New Zealand, Canada and Latin America dubbed Bird Platform, in which it sells vehicles to entrepreneurs at cost and gets 20 percent of the ride revenue. Ultimately, the company expects each region to operate hundreds and eventually thousands of scooters.
Payments Dive
APRIL 25, 2017
Processors, ISOs and device manufacturers across North America can now benefit from Transaction Network Services’ (TNS) expertise in wireless roaming for payment devices and point-of-sale terminals thanks to the expansion of its Global Wireless Access product across the region.
PYMNTS
OCTOBER 23, 2018
Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted.
The Paypers
MAY 17, 2023
Bank of America has announced the launch of its impact accelerator programme, Breakthrough Lab, for companies and enterprises from underrepresented regions.
American Banker
JUNE 21, 2023
Bank of America had a 55% increase in new clients in May, and the lender is planning to bulk up staffing to keep up with demand.
PYMNTS
AUGUST 2, 2019
Beyond product and strategy, payment methods come with highly regional preferences. A recent study by GoCardless analyzed payment preferences for subscriptions, memberships, bills and installment plans in 10 countries and found a number of regional quirks. North America rules when it comes to credit card usage.
PYMNTS
DECEMBER 30, 2016
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.”.
PYMNTS
MARCH 19, 2019
According to a Fintech Finance report, Gottschalk will be based in San Francisco and will focus on strengthening the fund via investment opportunities in the region. portfolio companies a stronger entrance into North America. It also gives the fund’s non-U.S.
PYMNTS
AUGUST 13, 2019
Bantotal , a core Latin America banking service provider that works with 60 banks in 14 countries, has partnered with Bitex to perform cross-border payments using bitcoin blockchain, according to reports. A Bantotal spokesperson said the service is used by around 20 million people. Bantotal is based in Uruguay.
CB Insights
JULY 18, 2018
Investors from around the globe are flocking to Latin America — within the first half of 2018, deep-pocketed investors like Andreessen Horowitz, Sequoia Capital, and DST Global have backed startups in the region. Private technology companies in Latin America have raised over $5.8B Want the 12-page report for free?
PYMNTS
JUNE 28, 2018
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.
PYMNTS
FEBRUARY 16, 2020
SoftBank will add $1 billion this year to its $5 billion Latin America Fund introduced in 2019, adding to last year’s $1.6 Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. billion, Bloomberg reported on Friday (Feb.
Perficient
OCTOBER 5, 2023
Excellence in Governance: Dana- Farber Cancer Institute Leaders of the Pack- Financial Services: UBM Regional Excellence- North America: Mecklenburg County These three projects have earned the distinction of being finalists for the remarkable digital experiences they provide their visitors.
PYMNTS
SEPTEMBER 16, 2020
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.
PYMNTS
JANUARY 15, 2021
Chaves also said the company will earmark a percentage of the proceeds to accelerate financial inclusion in the region. Founded in 1999, based in Argentina and registered in the United States, MercadoLibre is an eCommerce platform and digital payment solution that operates across Latin America. 7 and are due in 2031, Bloomberg said.
Banking Exchange
JUNE 14, 2021
Bank of America ranks highest in banking mobile app satisfaction, reports JD Power Retail Banking Feature Lines of Business Technology Mobile Online Tech Management Feature3 Community Banking Consumer Compliance Customers.
PYMNTS
JANUARY 31, 2017
The number of Mastercard cards increased 6 percent in the Americas in 2015, which compares to a 4 percent increase for Visa, but Visa still holds the spot as the largest card scheme in the region, reported RBR. According to RBR’s Global Payment Cards Data and Forecasts to 2021 study, Visa had 43 percent of the 2.9 during 2015.
PYMNTS
AUGUST 9, 2019
Kavak CEO Carlos Garcia told the news outlet that SoftBank has been meeting with a lot of startups in the Latin American region. . “We SoftBank recently announced a $5 billion Innovation Fund solely focused on Latin America , and it has been researching startups in Mexico especially.
Banking Exchange
JANUARY 20, 2021
Greenwoods buys branches from Town Bank, while Santa Cruz County Bank and Mountain America Credit Union announce openings Community Banking Feature3 Feature Management M&A.
PYMNTS
MARCH 11, 2016
Latin America is a land of opportunity, but it also presents challenges that demand an on-the-ground understanding of commerce and transacting within the various countries and cultures that it comprises. Another key factor is that over 60 percent of eCommerce in Latin America is done via installments. “If
Bobsguide
MARCH 30, 2022
the global leader in multibank connectivity and communications, has announced the expansion of its business development team, hiring Mark O’Toole to head its expansion efforts in North America. I am excited to have Mark onboard to drive Fides business growth in North America,” said Kaufmann. Fides Treasury Services Ltd. ,
PYMNTS
JANUARY 24, 2017
But FedEx Business Insights also found that intra-regional exporting is a major force behind SME growth today, perhaps serving as a stepping stone for small businesses that may have their sights set on global growth ahead.
Cisco
JANUARY 10, 2023
Whether a community bank or a credit union, regional insurer, or multi-national financial institution, cross-functional engagement with champions, key influencers and ultimate decision-makers also helps to eliminate silos inherent in the financial services industry.
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