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The future of finance in LatAm & the Caribbean

Argentina prepares unified QRs; Rappi launches credit card; Covid-19 increases technological investment

Oct 16, 2020

By Fabiola Seminario
Argentina prepares unified QRs
#TopNews: The most important news of the week on digital banking and fintech in Latin America 


Argentina will have a QR “for everyone”

A new unified QR will allow the same image to be readable by a digital wallet, a bank or any payment management infrastructure. The Central Bank of the Argentine Republic (BCRA) announced that the decision is about to be approved, which is part of a new regulatory framework to even out competition between fintech and banks.

Rappi launches its first credit card

No account management fee. This is the new Rappi credit card that will be available soon for all users of the app in Colombia. The product, which is backed by Visa, is part of the RappiPay fintech vertical and will begin to reach customers in the first weeks of December.

Bnext forms an alliance with Cacao Paycard

The Spanish mobile banking application Bnext and the Mexican payments enabler for fintech Cacao Paycard, have just announced a strategic alliance to collaborate on the arrival of Bnext in the Latin American market. Currently, the banking app already has more than 100,000 accounts in Mexico.

See also: Fintech promotes financial inclusion during a pandemic

Covid-19 raises technological investment

Companies globally spent an extra $ 15 billion a week to enable remote work safely during COVID-19, according to a report by Harvey Nash / KPMG. However, business leaders found that cyberattacks are still going strong.

Digital transactions in Ecuador grow 26%

During the first half of 2020, digital banking transactions increased by 26%, compared to the same period last year, according to data from the Association of Banks of Ecuador (Asobanca). In contrast, physical transactions fell by 39%.

See also: Iupana Awards: Open to nominations

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