Mexican fintechs Kueski and Aplazo say their BNPL loan portfolio remains solid in the face of sustained increases in interest rates, difficulties in raising capital and growing non-payment risks
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Interest rates rise again, and cryptocurrencies strengthen
Amid Economic Uncertainty, Crypto Assets Come Out Winners… Will The Effect Last?
Friday Briefing: The most outstanding news on fintech, payments and digital banking in Latin America
Te contamos las noticias más importantes de la semana en banca digital, fintech y pagos en Latinoamérica
Brazilian fintech receives US$200m in deposits in two days following SVB bankruptcy
We explain the fate of the money that fintechs held at the now bankrupt Silicon Valley Bank (SVB)
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Friday Briefing: SVB bankruptcy speeds up crypto regulation
This week, we consider the impact of the U.S. banking crisis on the fintech and crypto industry in Latin America. Also, Meta lays off 10,000 workers and abandon NFTs, while Stripe teams up with OpenAI to use artificial intelligence in payments and monetize ChatGPT.
Friday Briefing: Women, the key to success in fintechs
This week, we look at the impact digital products have on women’s finances. Banco do Brasil becomes the first bank to integrate Pix Open Finance into its app, while in Mexico, Walmart is set to acquire a fintech, and Kushki registers as an acquirer.
Friday Briefing: Mastercard and Visa: Crypto is still a valid option
This week, we get progress updates on Santander, Banorte and BCP’s plans to launch neobanks. Visa and Mastercard continue to pursue crypto alliances, despite volatility in the sector. Brazil moves ahead with tests of its digital real and three Mexican fintechs snagged operating licenses. All this and more in our weekly briefing
Mexican regulator refuses fintech authorizations
#FridayBriefing: The National Banking and Securities Commission (CNBV) turned down authorization requests from five Mexican fintechs this week.
Crypto: Chile’s central bank plans to issue digital peso
#FridayBriefing: Chile has embarked on the road to issuing its own digital currency.
Chile moves towards regulating fintech and making open finance mandatory
Chile is making a major push to regulate the fintech sector and introduce open banking rules to make payments and transactions simpler and more efficient.
A fintech gap: digitalizing distribution and payment chains
Kamay Ventures, an investment fund backed by Coca-Cola and Arcor, says major consumer goods firms are keen to invest in solutions to streamline the downstream links of their distribution chain. Meanwhile, Cumplo and Flexio detail their experiences in the SME sector
Friday Briefing: Blockchain payments for mass consumption
This week, we get Coca Cola and Arcor’s take on the opportunities for using blockchain technology to simplify payments in their distribution networks. In Brazil, we take a look at the progress of open finance while Binance and Mastercard launch a crypto card. And in Mexico, Mercado Pago expands its remittance service.
What you need to know about the change of government in Brazil and its impact on digital finance
Experts expect the fintech sector to continue expanding, although a sluggish economy decline and a political agenda shaped by the attack on government headquarters earlier this month