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

Brazil Targets 2024 for CBDC
Brazil Targets 2024 for CBDC
December 13, 2022  |  CBDC

Brazil’s central bank hopes to launch a digital currency in 2024. That’s according to Central Bank of Brazil President Roberto Campos Neto, who said Tuesday...

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LatAm Open Finance Platform Syncfy Raises $10M in Seed Round
LatAm Open Finance Platform Syncfy Raises $10M in Seed Round
December 11, 2022  |  Investments

Latin American open finance firm Syncfy has raised $10 million to broaden its customer base. The funding — a seed round led by Point72 Ventures...

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Google Pay Named Payment Institution in Brazil
Google Pay Named Payment Institution in Brazil
December 08, 2022  |  Google

Google Pay has reportedly won permission to operate as a payment institution in Brazil. The move helps the company expand its footprint in Latin America’s...

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MercadoLibre Tests Business Payments on WhatsApp
MercadoLibre Tests Business Payments on WhatsApp
December 07, 2022  |  Payments Innovation

Latin American eCommerce platform MercadoLibre is introducing digital business messaging payments with WhatsApp. In an interview with Reuters on Wednesday (Dec. 7), the CFO of...

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MercadoLibre Files Antitrust Complaints Against Apple in Brazil and Mexico 
MercadoLibre Files Antitrust Complaints Against Apple in Brazil and Mexico 
December 05, 2022  |  Apple

MercadoLibre has filed complaints against Apple with regulators in Brazil and Mexico.  In filings with antitrust regulators, the Latin American eCommerce giant complained that Apple...

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Ualá and ABC Capital Team to Offer Loans in Mexico 
Ualá and ABC Capital Team to Offer Loans in Mexico 
December 05, 2022  |  Digital-First Banking

Ualá and ABC Capital have teamed to offer personal loans in Mexico.  This will be a new offering for both companies. It comes as Ualá,...

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LatAm’s Booming Digital Economy Gets Lift From New Payments Models
LatAm’s Booming Digital Economy Gets Lift From New Payments Models
December 02, 2022  |  Payment Methods

Sometimes coming late to the game has advantages. Latin America provides an ideal use case. As applied to payments, Michael Bilotta, global head of digital...

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PYMNTS Intelligence: Challenges and Opportunities For eCommerce in Latin America
PYMNTS Intelligence: Challenges and Opportunities For eCommerce in Latin America
December 01, 2022  |  Cross Border Commerce

Latin America is a burgeoning market for eCommerce, with a recent report pegging its value at $382 billion, representing a 35% growth from 2021. Some experts are...

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How eCommerce Can Unlock the Latin American Retail Scene
How eCommerce Can Unlock the Latin American Retail Scene
November 30, 2022  |  Cross Border Commerce

PYMNTS talks with Karen Bruck, vice president of commerce and strategic initiatives at Mercado Libre, about the unique opportunities and challenges in Latin American eCommerce. — Latin America’s eCommerce...

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