PYMNTS-MonitorEdge-May-2024

mexico

Mexico is a country between the U.S. and Central America that's known for its Pacific and Gulf of Mexico beaches and its diverse landscape of mountains, deserts and jungles. Ancient ruins such as Teotihuacán and the Mayan city of Chichén Itzá are scattered throughout the country, as are Spanish colonial-era towns. In capital Mexico City, upscale shops, renowned museums and gourmet restaurants cater to modern life.

Unlimit and Pagaloop Form Small Business Expense Management Pact
Unlimit and Pagaloop Form Small Business Expense Management Pact
November 14, 2024  |  B2B Payments

FinTech company Unlimit has launched a collaboration with Latin American B2B payments platform Pagaloop. The partnership is designed to bolster the Pagaloop app’s credit and debit card processing...

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Amazon Forms Grocery Delivery Pact With Mexico’s Jüsto
Amazon Forms Grocery Delivery Pact With Mexico’s Jüsto
November 04, 2024  |  Amazon

Amazon has reportedly launched a partnership with Mexican grocery delivery startup Jüsto. As Bloomberg News reported Monday (Nov. 4), that collaboration will see Amazon offer...

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Mexican Banking FinTech Klar Aims for 2026 IPO
Mexican Banking FinTech Klar Aims for 2026 IPO
November 03, 2024  |  IPO

Mexican FinTech Klar is reportedly aiming to go public at the end of 2026. Juan Sarmiento, the company’s vice president of finance, told Bloomberg News...

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Santander’s Getnet Launches Single Entry Point for Payments in Latin America
Santander’s Getnet Launches Single Entry Point for Payments in Latin America
October 25, 2024  |  eCommerce

Getnet launched a regional eCommerce solution that provides a single entry point (SEP) for payments in Argentina, Brazil, Chile and Mexico. The new Getnet SEP...

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Mastercard and Paysend Launch Remittance Solution in Mexico
Mastercard and Paysend Launch Remittance Solution in Mexico
October 07, 2024  |  Partnerships

Mastercard and Paysend partnered to launch the Paysend Libre remittance solution in Mexico. Paysend Libre uses a virtual Paysend Mastercard to provide a secure way...

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92% of Small Businesses in Latin America Accept Digital Payments
92% of Small Businesses in Latin America Accept Digital Payments
October 03, 2024  |  Digital Payments

As the digital payments landscape in Latin America rapidly evolves with nearly 600 million people generating close to $6 trillion in GDP, consumers are shifting...

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Mercado Pago Applies for Banking License in Mexico
Mercado Pago Applies for Banking License in Mexico
September 25, 2024  |  Digital-First Banking

Mercado Pago, the FinTech arm of MercadoLibre, reportedly applied for a banking license in Mexico earlier this month. The firm sent the application to the Mexican...

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Walmart Mexico ‘Not Only a Retailer’ Under New Boss
Walmart Mexico ‘Not Only a Retailer’ Under New Boss
August 25, 2024  |  Walmart

Walmart Mexico’s new boss is aiming to double its sales amid robust eCommerce competition. Ignacio Caride, who spent more than a decade with online retailer...

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Mexico-Based Unicorn Stori Raises $212 Million to Promote Financial Inclusion
Mexico-Based Unicorn Stori Raises $212 Million to Promote Financial Inclusion
August 06, 2024  |  Investments

Mexican FinTech Stori says it has raised $212 million in equity and debt financing. The new funding, announced Tuesday (Aug. 6), will help Stori develop...

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