One of Uber’s ridesharing rivals, China’s Didi Chuxing, has acquired Brazilian startup 99, reportedly for around $1 billion. According to TechCrunch, the news comes after...
Google and EBANX, the Brazil-based FinTech, announced a partnership Thursday (Oct. 26) aimed at providing Latin American local payment methods to global merchants, enabling them...
Companies like MercadoLibre of Brazil, were under pressure in trading on Thursday (Oct. 12) after a news report surfaced that Amazon is gearing up to...
The Brazilian Central Bank has floated a proposal that would let FinTechs lend money but which would also curtail them from taking deposits, as might...
A rise in consumer spending, broad-based across several geographies, helped Mastercard beat Wall Street estimates for the second quarter. The company announced news on Thursday that...
MercadoLibre, the online marketplace serving Argentina, is boosting its presence in areas such as lending and logistics. Those areas, Reuters reported on Tuesday, had once been...
Mercado Libre Inc, the Argentina online marketplace, is gearing up to offer working-capital loans to entrepreneurs in Brazil and Mexico during 2017, reported Reuters. According to...
Brazil is seeing a boom in financial technology, which, according to a new Goldman Sachs report, will chip away at the market share of the...
Chinese eCommerce company Alibaba Group Holding Ltd. has reportedly made plans to open up credit services to the Brazil community. On its website, people in...