Colombia

MercadoLibre and Nubank Get More Aggressive in LatAm Digital Banking Race
MercadoLibre and Nubank Get More Aggressive in LatAm Digital Banking Race
December 10, 2024  |  Latin America

Who will become Latin America’s dominant digital banking force, MercadoLibre or Nubank? It’s a question posed Tuesday (Dec. 10) in a report by Bloomberg News,...

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Stori Expands to Colombia, Aims to Serve Underbanked Consumers
Stori Expands to Colombia, Aims to Serve Underbanked Consumers
August 29, 2024  |  Financial Inclusion

Mexican FinTech startup Stori has begun its expansion into Colombia. The company said it will spend $100 million on the project over the next three years...

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Nuvei and Visa Team to Offer Visa Direct in Colombia
Nuvei and Visa Team to Offer Visa Direct in Colombia
June 03, 2024  |  Partnerships

Nuvei says it is the first global payments provider offering Visa Direct in Colombia, via a new partnership with Visa. “Offering instant payouts through Visa Direct supports our strategy of...

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The Ten Second Rule: EU Mandates Instant Payments Availability
The Ten Second Rule: EU Mandates Instant Payments Availability
March 01, 2024  |  Real-Time Payments

Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments...

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Nuvei Expands LatAm Presence With Direct Local Acquiring in Colombia
Nuvei Expands LatAm Presence With Direct Local Acquiring in Colombia
February 20, 2024  |  Acquiring

Canadian FinTech firm Nuvei is expanding its Latin American presence with the launch of direct local acquiring capabilities in Colombia. This makes Nuvei the first global payments...

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Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs
Colombian Payment Service Provider Bold Raises $50 Million to Expand Products for SMBs
February 14, 2024  |  Investments

Colombian FinTech Bold raised $50 million to expand its payments terminal offering. The company announced the General Atlantic-led Series C round Wednesday (Feb. 14), saying...

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Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
Nubank Approaches $1 Billion in Revenue Amid Mexican Expansion
February 06, 2024  |  Digital Banking

Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT)...

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Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
Real-Time Payments Put Spotlight on Small Businesses as New Year Begins
January 09, 2024  |  Real-Time Payments

As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse...

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Citi Provides Investment and Technology to Colombian FinTech Supra
Citi Provides Investment and Technology to Colombian FinTech Supra
December 11, 2023  |  Investments

Citi has led a strategic investment round in Supra, a Colombian FinTech that enables cross-border payments and treasury solutions. Supra provides these solutions to small...

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