LatinAmerica

Payments Group PayU Finalises Acquisition of Colombia’s Ding to Expand to LATAM

Netherlands’ PayU has received the endorsement of Colombian regulatory authorities to acquire local electronic payment and deposit specialist Tecnipagos, better known as Ding. Based in Bogota, Ding allows merchants to make electronic deposits like they would with a savings account,

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Digital Banking and Insurtech Among Fastest-Growing Fintech Segments in Latin America

The fintech ecosystem in Latin America (LatAm) has risen quickly over the past couple of years with sustained growth observed in all segments and in the number of active fintech companies, a new report from the Inter-American Development Bank (IDB)

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Foreign Fintech Companies Flock to Peru

Peru’s fintech industry is expected to get a boost this year, driven by favorable regulatory developments and rising demand for more accessible and inclusive financial services. Javier Salinas, director of Emprende UP, the center for entrepreneurship and innovation of the

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Argentina Paves the Way for Open Banking

In Argentina, the central bank is paving the way for open banking, introducing new regulation and initiatives to encourage digital payments and enable interoperability. New measures for regulating virtual wallets were adopted in May 2022 by the board of Banco

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Huobi Global Steps up Latin America Presence With Bitex Acquisition

Huobi Global announced the acquisition of Bitex, one of the first regional cryptocurrency exchanges in Latin America, as it moves to expand its footprint in the fast-growing region. The terms of the deal are confidential and were not disclosed. Founded

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Colombian Proptech Habi Attains Unicorn Status With US$200 Million Series C

Habi, a Colombian data-driven residential real estate platform, announced that it has raised US$200 million in equity in its Series C funding round, The company said that it is the first proptech unicorn with a female founder and CEO in

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G+D Participates in Brazilian Central Bank’s Digital Currency Initiative

The planning for Brazil’s central bank digital currency, the Real Digital, is entering a new phase. The Banco Central do Brasil (BCB) has selected Giesecke+Devrient’s CBDC solution Filia for its dual offline payment capability in a challenge that evaluates use

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BBVA to Invest $300 Million in Brazilian Digital Bank Neon

BBVA has reached an agreement to invest $300 million (about €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims to improve access to financial services for individuals, self-employed and small businesses in its country. Neon has

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Colombia: Underdeveloped Wealthtech, Banking Tech Sectors Are an Opportunity for Swiss Fintechs

In Colombia, underdeveloped fintech segments including investment management/wealthtech and banking infrastructure represent a market opportunity for Swiss fintech companies, which have over the years build up expertise and competencies in both areas, a new report by Swiss governmental agency Switzerland

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In Guatemala, Incumbents Tap Fintech Specialists to Ramp up Tech Capabilities

In Guatemala, incumbent banks are teaming up with fintech startups to benefit from their technological advancements, enable a seamless digital customer experience and access new market segments. Banco de los Trabajadores (Bantrab) is among the prominent financial group in the

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