#TopNews: Here’s the key stories in digital banking and fintech in Latin America this week
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, 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.
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 .
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.
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.
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.
Leave your details to receive our Monday briefing on the key news in digital banking, fintech and payments in Latin America.