11 September, 2020
Oyster closes round; Colombia prepares payment regulation

#TopNews: Here are the key developments this week in digital banking and fintech in Latin America

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By Fabiola Seminario

 

Oyster closes $ 14m investment round

The Mexican fintech that will offer financial services to freelancers, startups and SMEs in Mexico has closed a substantial investment seed round for US $ 14 million thanks to the participation of SV Latam Capital, Monashees, Fintech Collective, and more.

Colombia prepares regulation for the payments ecosystem

The Financial Regulation Unit of the Ministry of Finance in Colombia (URF) is preparing a decree in order to promote a payments ecosystem where banking and non-banking players can interoperate without conflicts of interest.

Fintechs in Latam face new challenges

An exploratory analysis published by Chilean Tiaxa -fintech focused on the development of advanced analytics and big data- on the fintech sector in Latin America reveals the problems they face during this critical period, from high delinquency rates (up to four times their initial value), the cybercrime that accompanies the rise of the e-commerce, phishing scams, and more.

See also: Payments and E-Commerce LatAm: Trust grows as transactions surge

QuickBooks and Bien para Bien join forces to support Mexican SMEs

The management and billing platform in the cloud – QuickBooks-, together with the Mexican loan fintech -Bien para Bien- have just formed an alliance to grant SMEs in Mexico the necessary financing to sustain their operations, as well as to help them in managing resources.

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