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The future of finance in LatAm & the Caribbean

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

Sep 25, 2020

By Fabiola Seminario
Rappi Interbank
#TopNews: The most important news of the week on digital banking and fintech in Latin America

 

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

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