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The future of finance in LatAm & the Caribbean

September 20, 2021

tyba and OpenPay go international; Chile limits interchange rates

May 21, 2021

By Fabiola Seminario
This week’s key fintech and digital banking news: tyba and OpenPay go international; Chile sets limits on interchange rates

 

Chile sets limits on payment card interchange rates

The Chilean Ministry of Finance approved limits on payment interchange rates in the country’s card system. With the regulations, the regulator seeks to promote competition in payments and lower costs for businesses.

Credicorp expands tyba into Peru

The digital investment advisor tyba – a fintech first launched in Colombia by Credicorp – is opening operations in Peru, also. The app facilitates mobile investments and is targeting 200,000 users and more than PEN 60 million (US$16m) in investment in the first year of operations in the new country.

OpenPay prepares operations in Argentina

BBVA’s fintech is set to make its debut in the Argentine payment processing market, according to a local newspaper. The Mexican fintech, which was acquired by BBVA in 2017, will enable various forms of payments to businesses, including cash.

See also: Chile’s fintech hub goal hindered by regulatory delays

Finerio Connect qualifies for the Visa Everywhere Initiative final

The Mexican technology platform is one of the five finalists in the Visa Everywhere Initiative (VEI) 2021 for Latin America and the Caribbean (LAC), where it will compete for US $ 100,000 in Visa prizes in the international final of the program. In early 2020, Finerio Connect established itself as a provider of open banking, data enrichment and personal finance experience products.

Fintual adds new own investment funds in Mexico

The Mexican investment startup has added two new investment funds to its platform, enabling new short, medium and long term savings options for users.

Anticipate 24/7 and Alfi form an alliance

The Peruvian fintech salaries on demand has formed a strategic alliance with the Mexican financial education platform Alfi. With the new work together, Latin American fintech companies seek to promote financial inclusion, as well as improve users’ choice of financial products and services.

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