Latin America

Latin America is a group of countries and dependencies in the Western Hemisphere where Romance languages such as Spanish and Portuguese are predominantly spoken; it is broader than the terms Ibero-America or Hispanic America.

Source: en.wikipedia.org

Citi Backs Peruvian FX FinTech Rextie to Focus on Small Business Transactions
Citi Backs Peruvian FX FinTech Rextie to Focus on Small Business Transactions
August 24, 2023  |  Investments

Citi says it is investing in Peruvian foreign exchange (FX) FinTech Rextie.  “The investment makes Rextie Latin America’s first FX FinTech to receive an investment from one...

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Binance to End Debit Cards for Users in Latam and Middle East
Binance to End Debit Cards for Users in Latam and Middle East
August 24, 2023  |  Cryptocurrency

Binance is ending its cryptocurrency-backed debit card in Latin America and the Middle East. The decision, the latest in a series of pullbacks by the crypto giant, was...

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Clara Launches Cross-Border Payments Service in Mexico
Clara Launches Cross-Border Payments Service in Mexico
August 21, 2023  |  Cross-border Payments

FinTech company Clara has reportedly launched a cross-border payments service in Mexico.  The service facilitates international transactions by allowing clients to pay bills in foreign currencies, Reuters reported Monday...

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Payments Startup Dlocal Eyes Sale and Taps Ex-MercadoLibre CFO Arnt as Co-CEO
Payments Startup Dlocal Eyes Sale and Taps Ex-MercadoLibre CFO Arnt as Co-CEO
August 15, 2023  |  Acquisitions

Uruguay-based payments services provider dLocal is reportedly seeking a buyer. The company has been working with a financial adviser about a potential sale, Bloomberg News...

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MercadoLibre Announces CFO Transition Amid ‘New Phase of Growth’
MercadoLibre Announces CFO Transition Amid ‘New Phase of Growth’
August 11, 2023  |  Personnel

MercadoLibre has appointed a senior vice president, Martín de los Santos, as its new chief financial officer (CFO). He succeeds Pedro Arnt, who left to pursue new opportunities...

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Crypto Trading Firm Bakkt Expands International Reach
Crypto Trading Firm Bakkt Expands International Reach
August 10, 2023  |  Cryptocurrency

Cryptocurrency company Bakkt Holdings is expanding its reach into five new international markets — Latin America, the United Kingdom, the European Union, Hong Kong and Australia —...

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Payoneer Q2: Thinking Globally, Acting Locally Boosts Emerging-Market B2B Payments Growth 40% YoY
Payoneer Q2: Thinking Globally, Acting Locally Boosts Emerging-Market B2B Payments Growth 40% YoY
August 08, 2023  |  B2B Payments

“The export of goods and services is more prevalent, digital and borderless than ever,” Payoneer executives told investors on the company’s second-quarter 2023 earnings call Tuesday...

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MercadoLibre Eyes Digitizing Mexico’s Cash Economy Amid Record Growth
MercadoLibre Eyes Digitizing Mexico’s Cash Economy Amid Record Growth
August 03, 2023  |  Earnings

Latin American eCommerce platform MercadoLibre highlighted record growth in the second quarter of 2023, driven primarily by sales growth and cost efficiencies. Net revenue grew 57.2% year...

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Generational Shift Forces Construction Industry Digital Transformation
Generational Shift Forces Construction Industry Digital Transformation
July 26, 2023  |  Supply Chain

The historically fragmented industrial economy is getting a modern makeover. And while ecosystem needs are different from geography to geography, a fundamental shift in digital...

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