Amazon.com Inc. has started working with Mexican fintech company Kueski, which specializes in the providing of Buy Now, Pay Later (BNPL) service and personal loans, to offer consumers the opportunity to make payment transactions in installments every two weeks in the space of Latin America’s second-largest economy.
Santander Mexico, a subsidiary of global banking giant Santander, is currently preparing to launch its digital service.
The World Economic Forum emphasised the role of thriving fintech hubs hosting clusters of fintech corporate headquarters and providing significant operating markets such as Singapore, the UK, the US, Mexico and India for the global growth of the fintech industry.
Kapital, the company that manages the banking platform, announced that it has managed to raise new capital for $165 million.
Brazilian challenger Nubank has surpassed 90 million customers in Latin America across its operations in Brazil, Colombia, and Mexico.
Latin American fintech bank Nubank has announced the launch of a consumer lending program for its customers in Mexico.
The media reported that the fintech company Clara in Mexico began to provide local consumers services for making cross-border payment transactions.
Currently, in Latin American countries, a significant part of non-bank households does not demonstrate either the desire or any readiness to switch to real-time payment in their actions related to handling finances, but experts believe that in the near future in some parts of this region, the corresponding service will be scaled.
Citigroup announced its decision to take public its retail banking services division Banamex, which is based in Mexico.
The media reports that the Walmart division (Walmex), which operates in Mexico and Central America, intends to expand the capabilities of the digital wallet provided to customers.
Mastercard has introduced a suite of services dedicated to the financial needs of female business owners across the regions of Latin America and the Caribbean
Mexican neobank Vexi announced the attraction of investment funds in the amount of $ 8 million following the results of the Series A financing round.
INVEX Banco, a private Mexican bank with almost 30 years of operations in the market, has introduced the fully-digital neobank – Now
En el momento que decidimos migrar a un país siempre nos preguntamos algo muy importante. Conseguir esa anhelada tarjeta de crédito siendo extranjero no es tan difícil como parece, pero tampoco será muy sencillo. Como extranjeros siempre existirán algunas dificultades al momento de entrar al mundo financiero y crediticio de México, pero no es imposible. […]
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