#BuenasFuentes: The most important news of the week on digital banking and fintech in Latin America
Colombia: Electronic payments double
Colombians’ usage of a Secure Online Payment button -PSE- grew 121% between January and July, according to the country’s clearing house. In addition, according to ACH Colombia, Colombians buy around USD $5 million worth of goods using the facility each month.
Costa Rica’s TeleDolar partners with Nium
Nium, a Singaporean cross-border payments company, has partnered with TeleDolar, a Costa Rican money transfer fintech. The alliance aims to accelerate the access of Asian businesses into Latin America and make instant foreign payments more popular.
Regulators face a difficult balance between innovation and stability in fintech
Financial regulators globally must strike a balance between promoting innovation and maintaining financial stability, says the Bank for International Settlements. The comments conclude a broad review of the regulatory framework for fintechs in 30 countries around the world.
Points payments grow globally
Loyalty points – previously often used in exchange for travel tickets – today act as retention tools for customers with credit cards, especially in times of Covid-19, according to a report from PYMNTS.
Most LatAm fintechs in growth stage: KoreFusion
A little more than half (58%) of Latin American fintechs are in an expansion or growth stage, while a quarter are in an earlier stage, according to a report prepared by KoreFusion on the sector.
Bci launches course to digitize Chilean SMEs
Banco de Crédito e Inversiones (Bci) in Chile has launched a course for SMEs to digitize. The initiative can be taken by clients and non-clients of the bank.
Are you subscribed to our weekly newsletter? Click here to do it. Every Monday we will send you a special report on the fintech sector in Latin America. You can also follow us on LinkedIn and Facebook.
The key fintech and digital banking news this week
No-touch card transactions soared in 2020 – and huge growth potential remains
Exclusive interview with Mastercard’s president for Latin America and the Caribbean
BCi hopes to generate new distribution channels through APIs
#TopNews: N26, Revolut take steps into LatAm, Creditas buys Bcredi, and more:
Digital payments, open banking and regulations will move the needle this year
- Rappi & Banorte: JV aims to offer financial services on a massive scale
- Latam fintech investment turns virtual – mostly
- HSBC Mexico’s digital strategy: New app, QR codes, and your Facebook likes
- Creze, Lana and others raise rounds; PagSeguro buys Wirecard in Brazil
- Webinars: Banking Apps of the Future; Entrepreneurship in complex times; E-commerce advances
- Digital banking and fintech news wrap: Open Banking advances in Brazil, Ualá and Mercado Libre take off, Google and Gates promote digital payments