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.

Mexico and Malaysia Poised for Massive Real-Time Payments Growth by 2026
Mexico and Malaysia Poised for Massive Real-Time Payments Growth by 2026
May 01, 2023  |  Real-Time Payments

Real-time payment systems have become increasingly popular around the world due to the rise of digital payments and the need for faster and more efficient...

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Fr8Tech Launches Digital Freight-Matching Platform for LTL Services in Mexico
Fr8Tech Launches Digital Freight-Matching Platform for LTL Services in Mexico
March 16, 2023  |  Shipping

Freight Technologies (Fr8Tech) has launched a digital freight-matching platform offering less-than-truckload services (LTL) in Mexico. The new Fr8Now platform uses machine learning (ML) algorithms to...

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Western Union and 7-Eleven Form Mexican Remittance Alliance
Western Union and 7-Eleven Form Mexican Remittance Alliance
March 01, 2023  |  Payment Methods

Western Union has teamed with 7-Eleven to tap into Mexico’s $53 billion remittance market. The money transfer service announced its partnership with 7-Eleven Mexico Wednesday...

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Vexi Raises $8M to Expand Access to Credit in Mexico
Vexi Raises $8M to Expand Access to Credit in Mexico
February 16, 2023  |  Financial Inclusion

Mexican neobank Vexi has raised $8 million in a Series A funding round. TechCrunch reported Thursday (Feb. 16) that the startup offers only a credit...

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‘Nearshoring’ Trend Puts Spotlight on Cross-Border Payment Frictions
‘Nearshoring’ Trend Puts Spotlight on Cross-Border Payment Frictions
February 06, 2023  |  Cross-border Payments

Continental nearshoring is driving a broad shift in both global trade and friction-free B2B payments. Or so observers hope. Supply-chain disruptions, prolonged “zero COVID” shutdowns...

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Nubank Boosts Investment and Gains Regulatory Approval in Mexico 
Nubank Boosts Investment and Gains Regulatory Approval in Mexico 
December 06, 2022  |  Digital-First Banking

Nubank has added a $330 million equity capitalization to its investment in Mexico.  The Brazilian digital financial services platform said in a Tuesday (Dec. 6) press release that...

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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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Mexico’s Gig Workers May Get Social Security From Uber and Delivery Apps
Mexico’s Gig Workers May Get Social Security From Uber and Delivery Apps
November 23, 2022  |  Gig Economy

Ride-hailing drivers in Mexico are potentially getting access to social security benefits if they drive for either Uber, DiDi Global or Rappi, a first for...

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