Nubank launches “Vida”
The Brazilian fintech Nubank launched Nubank Vida, a life insurance policy, as it expands its service offering. According to the fintech, the policy has the lowest initial average cost in the market – only R $ 9.00 (US $ 1.72, approximately) per month – and it’s customizable. The service, underwritten by Chubb, can be contracted directly from the bank’s application and paid monthly.
Argentina set for QR payments 3.0
Transfers 3.0, a new national digital payment system, will go live in Argentina on Monday, December 7, to allow any business or company to charge for its services through QR codes. The interoperable tool launched by the Central Bank will allow all the fintech and banks in the country on the same platform.
Itaú Unibanco chooses AWS as its cloud provider
Banco Itaú has chosen Amazon Web Services (AWS) for cloud services. Itaú Unibanco will migrate most of its infrastructure and data centers to the cloud, in addition to its main banking platforms and mobile and online applications.
Card companies ordered to publish interchange fees in Chile
Chile’s competition regulator has ordered Mastercard, Visa and American Express to publish their interchange fees, charged for each transaction carried out with credit, debit and prepaid cards. Previously, the information on the rates was only known to the merchants and acquirers that worked with each company. The move comes amid upheaval in Chile’s payments system.