#TopNews: Here’s what you need to know this week in digital banking and fintech in Latin America
Chile will regulate payment interchange rates
Capped interchange rates, differentiated rates by card type, and a fee structure set by an international entity, are expected to come in under new regulations to deal with a long-running conflict over interchange rates in the Chilean payments industry. Read the detail of the announcement made by the Ministry of Finance, here.
Apple Card launches home banking
You’ll no longer need to use an iPhone to manage your Apple card. The brand has just launched its own website that works outside the Apple ecosystem. From here, customers will be able to view their balance, make payments, and verify their account status.
Click to Pay: the new e-commerce offering from Visa, Mastercard, Amex and Discover
A new electronic payment format has just been released. Click to Pay promises frictionless, more secure and interoperable e-commerce functionality. To date, the major card issuers to more than 10,000 merchants in the US, and have their sights set on Brazil, in addition to other European and Asian countries to roll out the new system.
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Swap, WDG, W3Haus: New bets for investors
The Brazilian fintech Swap closed a seed investment round of US $ 3.3 million, led by OneVC. Swap offers infrastructure and APIs to financial institutions, an important issue given the arrival of open banking in Brazil this year. Also in Brazil, IBM announced the acquisition of WDG Automation, a process automation company, and technology company Stefanini bought W3Haus, a digital advertising agency for an undisclosed amount.
Rappi powers its ‘superapp’ with games, music, events and more
Just when we thought that Rappi’s biggest move this year would be its partnership with Banorte, the Colombian app updated the headlines with the launch of a new entertainment ecosystem that encompasses games, live events, music and shopping. Is Rappi becoming the Latin American WeChat?
Credicorp completes merger process with Ultraserfinco
What started in November last year is celebrated today. Credicorp has just met its target of greater regional presence thanks to the merger by absorption with Ultraserfinco, one of the main brokerage firms in Colombia.
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Changes in regulation and technology are moving financial services towards open banking in Latin America
#TopNews: Here’s the LatAm banking innovation, payments and fintech news that you need to know this week
Here are next week’s unmissable digital events for LatAm banking innovation and fintech leaders
Transfiya, a new instant payment system built by the fintech Minka with ACH Colombia, is gaining strength, but challenges remain.
#TopNews: Here’s what you need to know in LatAm fintech and digital banking this week
Here are the unmissable digital banking and fintech webinars next week
- Banks, Fintechs: Platformification value is growing
- Webinars: Helping clients with financial stress; Creative startup capital raising; and more
- Nubank’s Mexico strategy: Accounts, loans could follow credit cards
- #TopNews: Argentine banks nab Nubank exec for digital payments
- CoDi usage builds as banks grapple with payment processing speeds
- Brazil’s Quod brings together AI, big data, for credit risk analysis