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.

Entersekt to Authenticate Plata’s Mexico Credit Card Offering
Entersekt to Authenticate Plata’s Mexico Credit Card Offering
October 23, 2023  |  Authentication

Mexican FinTech Plata chose Entersekt to provide authentication services for its new credit card. The partnership will allow for low-friction payment authentication with “risk-aware 3D...

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Airwallex to Acquire Mexico Payments Company MexPago
Airwallex to Acquire Mexico Payments Company MexPago
October 19, 2023  |  Acquisitions

Airwallex, a global payments and financial platform for businesses, has announced a deal to acquire MexPago, a Mexico-based payment service provider. This acquisition marks Airwallex’s entry...

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FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
September 29, 2023  |  Fraud Prevention

The Federal Trade Commission (FTC) has partnered with consumer protection authorities from four Latin American countries — Chile, Colombia, Mexico and Peru — to combat cross-border fraud....

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Western Union Lets Mexican Consumers Receive Funds Via Chatbot
Western Union Lets Mexican Consumers Receive Funds Via Chatbot
September 12, 2023  |  Payment Methods

Western Union and Elektra say users in Mexico can now receive money via chatbot.  The offering, the latest in a series of efforts by Western Union to expand...

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Nelo and Paymentology Team to Expand Google Pay Use in Mexico
Nelo and Paymentology Team to Expand Google Pay Use in Mexico
September 12, 2023  |  Financial Inclusion

Consumer payments platform Nelo has joined forces with Paymentology to drive financial inclusion in Mexico. The collaboration, announced Tuesday (Sept. 12), will see Paymentology — a U.K.-based card issuer —...

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Nubank Launches Personal Loans for Customers in Mexico
Nubank Launches Personal Loans for Customers in Mexico
September 05, 2023  |  Personal Loans

Latin American FinTech Nubank says it will begin offering personal loans to customers in Mexico. The new product, announced Tuesday (Sept. 5), will roll out in the days ahead...

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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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Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
Surge in Remittances Provides Cover for Drug Cartels’ Money Laundering
August 18, 2023  |  Security & Fraud

Drug cartels are reportedly disguising their ill-gotten gains as routine money transfers by using remittances. A surge in legitimate remittances from migrant workers has inadvertently made it...

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Rappi and R2 to Provide Loans to Restaurants in Mexico and Colombia
Rappi and R2 to Provide Loans to Restaurants in Mexico and Colombia
July 27, 2023  |  Restaurant innovation

Rappi, a Latin American delivery app backed by SoftBank, is partnering with FinTech R2 to provide loans to restaurants in Mexico and Colombia. Restaurants selling via the...

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