#TopNews: Here’s the key stories in digital banking and fintech in Latin America this week
Visa acquires YellowPepper
Visa announced a definitive agreement to buy YellowPepper, a Latin American mobile banking and payment solutions fintech, which has created solutions such as Emma in Costa Rica. YellowPepper will facilitate integration with Visa Direct and Visa B2B Connect, real-time and cross-border payment tools.
Afterbanks lands in Latin America
Afterbanks, a fintech owned by Indra, has arrived in Mexico as the first stopping point in its internationalization process in the region. Afterbanks offers alternative instant payment methods and real-time banking details for making credit decisions.
Credit fintechs in Argentina must meet the same standards as banks
Argentine Ffintech credit, non-financial credit card issuers and appliance companies that offer financing must comply with the Financial Entities Law, under new rules on user protection and transparency in interest rates, published by the Argentine Central Bank .
Fintech sector in Colombia grows 200%
Colombia is becoming the new fintech center of attention in Latin America. The country consolidated an increase of up to 200% in funds from said sector, with 1.6 trillion dollars in income reported to the Superintendency of Industry Companies.
GLEIF and Open Future World partner
Global Legal Entity Identifier Foundation (GLEIF) and Open Future World announced a new directory tool to help Open Banking and Open Finance organizations collaborate. It is a directory of open banking and open finance companies, including legal entity identifiers.
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The key fintech and digital banking news this week
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- PayPal’s Mexico move shows banks’ regulatory strength
- Digital banking accelerates in Peru
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- Payments: Contactless adoption accelerates with pandemic