Latin America: An ecommerce economy on the rise
Payments Dive
JUNE 6, 2019
Latin America presents a growing regional economy, however the payments and ecommerce industries present unique challenges.
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PYMNTS
JUNE 3, 2020
In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It is one of the region’s fastest-growing companies, having just turned in a stellar first quarter in a region that has more complexities than any of its northern neighbors. ”
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Payments Dive
OCTOBER 27, 2020
Mike Lemberger, senior vice president and regional risk officer for Visa, North America, explains ways that Visa is helping disrupt fraud before it costs consumers and businesses. Fraud is something that continually affects the financial industry.
Payments Dive
JUNE 21, 2019
Latin America has become an increasing focus of development in the emerging digital payments market, as the region transitions from a heavily cash-based system to increase automation, speed and transparency.
PYMNTS
APRIL 14, 2020
To provide regional and community banks with a full-scale solution to manage and grow their FX programs, FinTech firm Derivative Path, Inc. Our industry-leading rates platform now combined with Currencycloud’s capabilities will make our offering even more powerful for our regional and community banking clients.”.
PYMNTS
OCTOBER 27, 2017
Earlier this month, NovoPayment , a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the first such platforms servicing Latin America, according to a press release. Its clients include banks, financial institutions and others throughout the Americas.
PYMNTS
OCTOBER 14, 2020
The four intended to start a new marketplace software product for the Latin America region. Nuvemshop was formed by Santiago Sosa, Alejandro Vazquez, Martin Palombo and Alejandro Alfonso and went through numerous trials and errors on the way to forming.
PYMNTS
JUNE 19, 2020
It was a big week for B2B FinTech startups in Latin America. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement. . Remessa Online.
PYMNTS
AUGUST 6, 2019
Payments startup Stripe has announced that it’s opening up an office in Mexico City to take advantage of opportunities for growth in the Latin American region , according to a report by CNBC. Stripe Chief Business Officer Billy Alvarado said that the activity in the region made the move an easy choice.
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SEPTEMBER 5, 2017
I now think I am a good friend of Pablo García Arabéhéty, CGAP’s Regional Representative for Latin America and the Caribbean.
PYMNTS
JUNE 18, 2020
The advance of digital payments in Latin America over the last two decades has been slow when measured against other parts of the globe. In a region where 80 percent of transactions are still carried out in cash, penetration remained low, and digital payments remained a tough sale. ” Latin America’s Digital Path Forward.
PYMNTS
OCTOBER 23, 2018
Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The solution is supported across 89 countries and can make conversion in 41 currencies, the bank noted.
Payments Dive
MAY 24, 2018
Fortumo's latest market report gives an overview of the mobile payments landscape in Latin America. It covers 9 of the biggest countries in the region by population where Fortumo has coverage: Brazil, Mexico, Colombia, Argentina, Peru, Chile, Ecuador, Guatemala and Bolivia.
PYMNTS
MARCH 7, 2019
“There is so much innovation and disruption taking place in the region and I believe the business opportunities have never been stronger,” said Claure in a statement. The new fund plans to invest in technology companies across Latin America, going after the same industries and sectors that SoftBank already invests in.
PYMNTS
AUGUST 9, 2020
The final wave concerns the Asia Pacific region. suppliers were switched over, and in May of this year, the rest of North America, Latin America, Europe, the Middle East, and Africa made the jump, the release says. Google’s transition to SAP Ariba ‘s cloud-based services has a completion date set for Aug.
PYMNTS
JUNE 16, 2020
Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to small and medium-sized businesses (SMBs). “Together we will ensure that SMEs across Latin America have the fairest access to finance available.”
PYMNTS
NOVEMBER 23, 2020
Visa has wrapped up its acquisition of Latin American FinTech YellowPepper , the first deal of its kind by the financial giant in the region. In an announcement of completion of the deal, Visa said it will accelerate the global payments and credit card company’s “network of networks” strategy.
Bank Innovation
MARCH 22, 2017
In North America regulation was the top concern. “This year is marked by a sharp regional divergence about which rules […]. Regulation is still shaping banks’ strategic thinking, says a new study by The Economist Intelligence Unit.
PYMNTS
OCTOBER 27, 2020
Visa has inked an agreement to acquire YellowPepper , which works with startups in the Caribbean and Latin America, according to an emailed press release. In Latin America and many other parts of the world, loyalty has become paramount for customers who want to pay how they want and at any time.
PYMNTS
SEPTEMBER 16, 2020
Niklas Östberg , CEO and co-founder of Delivery Hero, said in a prepared statement: "Latin America is a region with exceptional growth potential for online delivery. We truly believe that Delivery Hero is the best possible partner to take the business we’ve built in Latin America to the next level.
PYMNTS
DECEMBER 4, 2019
Visa and banking-as-a-service platform NovoPayment are expanding their strategic partnership to advance the deployment of digital solutions in Latin America and the Caribbean, Visa said in a press release on Tuesday (Dec. Since partnering two years ago, Visa and NovoPayment have advanced digital payments across the region.
PYMNTS
MARCH 19, 2019
According to a Fintech Finance report, Gottschalk will be based in San Francisco and will focus on strengthening the fund via investment opportunities in the region. portfolio companies a stronger entrance into North America. It also gives the fund’s non-U.S.
PYMNTS
MAY 16, 2020
100 for User A in America, 200 pesos for User B in Mexico and so forth) in order to perform transactions in a secure, fast and reliable way.”. A central entity may maintain exclusive rights to create or destroy currency in a region such as a nation. A central entity may be associated with a government of such a region.”.
Payments Source
DECEMBER 14, 2020
Cross-border online payment service provider PrimeiroPay is partnering with Visa payment management platform CyberSource to open high-growth Latin America markets to merchants seeking access to those regions.
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PYMNTS
FEBRUARY 16, 2020
SoftBank will add $1 billion this year to its $5 billion Latin America Fund introduced in 2019, adding to last year’s $1.6 Its investment in Latin America this year will target eCommerce, healthcare, FinTech and other industries, as it looks at about 650 firms in the region. billion, Bloomberg reported on Friday (Feb.
PYMNTS
JANUARY 15, 2021
Chaves also said the company will earmark a percentage of the proceeds to accelerate financial inclusion in the region. Founded in 1999, based in Argentina and registered in the United States, MercadoLibre is an eCommerce platform and digital payment solution that operates across Latin America. 7 and are due in 2031, Bloomberg said.
PYMNTS
SEPTEMBER 29, 2020
The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. trillion globally, according to Shoihet.
Perficient
AUGUST 4, 2023
As a global dynamic organization, we believe that with our cohesive integrated strategy, we can deliver from any of our geographic locations and bring together the best team and the best value for the customer.
PYMNTS
FEBRUARY 28, 2020
To get a sense of the new frontiers in cybercrime, and how cryptocurrency helps fraudsters cover their tracks or finance their schemes … look, perhaps, to Latin America. Separately, in terms of fraud against companies, banking trojans, malware and ransomware have been coming from the Latin American region, the paper said.
PYMNTS
JANUARY 26, 2020
Latin America-based AlphaCredit has signed up for a funding round to raise $125 million, led by SoftBank’s Latin America fund. AlphaCredit is a FinTech platform with a focus on consumer lending and finance solutions. It provides credit lines to individuals and has usually worked in communities without much access to banks.
Perficient
NOVEMBER 5, 2020
Earlier this year, we announced Perficient’s expansion into South America with the acquisition of Productora Software S.A.S. As the Colombian economy expanded into global trade, companies in the region needed enterprise resource planning (ERP) to take the first steps with digital transformation.
PYMNTS
OCTOBER 19, 2020
Ruben Salazar , Visa’s senior vice president and head of product and solutions for Latin America and the Caribbean, and Sergio Arana , novae’s founder and CEO, said points have a tendency to sit under-utilized by consumers, who often forget the programs even exist. They agreed that the trouble involves fragmentation and accessibility.
PYMNTS
JULY 21, 2020
Regulators in other regions, including Latin America, are also shaping and announcing plans to enable open banking and better support digital financial systems. This means the crisis may have large-scale effects on how open banking develops in Latin America. How The Pandemic Is Shifting Open Banking Plans In Latin America .
PYMNTS
OCTOBER 19, 2020
"The remote overlay malware class has gained tremendous momentum in the Latin American cybercrime arena through the past decade making it the top offender in the region," IBM said, per ZDNet. "At Earlier this month the U.S.
PYMNTS
OCTOBER 30, 2020
Our third-quarter results reflect considerably better than expected performance due to higher demand and our strong execution, especially in North America. According to the statement, international sales spiked 18 percent, reaching $433 million, driven by a 31 percent increase in sales in the Europe-Middle East-Africa region.
PYMNTS
OCTOBER 14, 2020
MercadoLibre , which operates platforms for buying and selling goods across Central and South America, is eyeing an investment in Brazil next year that would be even bigger than its $716 million investment this year, Bloomberg reported. So, in the region there is an inequality in terms of the acceptance and regulation of open banking.
PYMNTS
DECEMBER 7, 2020
The sizable rise of international coverage will encompass nations throughout Asia, Africa, Latin America and Europe. The newest round of funding was meant to power its expansion in Latin America, Asia and Africa. Thunes is based in Singapore and has regional offices in Nairobi, Dubai, New York, Shanghai and London.
PYMNTS
DECEMBER 30, 2019
Digital payments firm PayPal is turning to Latin America to strengthen its position in the eCommerce payments and remittance arenas. At the time, MercadoLibre CEO Marcos Galperin said the investment would accelerate the company’s growth and leadership to “foster financial inclusion in Latin America.” Today (Dec.
PYMNTS
OCTOBER 14, 2020
Pat Thelen , vice president and North America managing director at Ripple, said both companies understand the necessity of using blockchain to help bolster cross-border payments. By expanding this relationship, we broaden our reach into the Asia-Pacific region, while providing customers the rapid payment delivery they expect.”.
Bank Innovation
OCTOBER 9, 2017
The partnership, announced last week, brings Mastercard into PayPal as a payment option across the globe — moving into regions like the Middle East, Africa, the Caribbean, and Latin America, among others — essentially enabling PayPal […].
PYMNTS
SEPTEMBER 27, 2018
Want to understand payments innovation in Latin America ? One may indeed be a bit hungrier than before, but according to what NovoPayment CEO Anabel P é rez told Karen Webster during a recent PYMNTS interview, they can now understand one of the fundamentals of innovation in Latin America. Latin American Progress. Front Row Seat.
PYMNTS
MARCH 6, 2019
Some of the company’s achievements last year included raising $100 million in new funding, expanding its presence in Asia-Pacific and EMEA and making significant gains in both regions. In addition, Flywire rebranded and integrated OnPlan, a domestic payment capability acquired in January 2018, into its product suite.
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