25 September, 2020
Zinobe expands to Mx; RappiBank launches in Peru; Fintech payment escalate despite Covid-19

#TopNews: The most important news of the week on digital banking and fintech in Latin America

By Fabiola Seminario


Zinobe arrives in Mexico with Mexarrend

Colombian loan fintech Zinobe will expand its operations to Mexico together with Mexarrend, one of the largest independent leasing companies in that country. The proposal, under the name Centeo, is to offer digital credits to small and medium-sized companies.

Rappi and Interbank will provide digital financial services in Peru

In the next few days, Rappi Peru will enable new financial functionalities in its application, from Interbank. For the Peruvian bank, this alliance will mean continuing to advance in its digital transformation process. The new products will be marketed under the RappiBank brand. The news follows Rappi’s joint venture with Banorte in Mexico, which was launched earlier this year.

PayPal and EBANX launch digital wallet in Brazil

EBANX, a payments processor with a strong presence in Latin America, has teamed up with PayPal to introduce a new digital wallet that seeks to attract the unbanked sector in Brazil, estimated at some 55 million people.

See also: Does Peru need a Fintech Law? Banks say yes – but startups aren’t so sure

Covid-19: Fintech payments and savings in Mexico are the least affected

Payments and savings startups are set to be the least-affected in the fintech industry as a result of covid, according to the Fintech Mexico Association.

Banks, startups, plan to launch in in Colombia

Three banks (JP Morgan, BTG Pactual and Lulo Bank), four financing companies, two crowdfunding platforms and an insurance company are targeting Colombia to start operations, according to the country’s regulator. Lulo Bank, a digital bank, has already received authorization to deploy.

See also: Digital onboarding prime time is 2 minutes, says Rappi

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.

LatAm fintech insights
Get the scoop on how your peers, competitors and clients are using fintech to get ahead. Leave your details to receive iupana's exclusive, in-depth coverage of banking technology in Latin America and the Caribbean in your inbox on Monday mornings. (You can unsubscribe in one-click if you decide it's not for you.)
Español English Português

Webinars on-demand