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 gives merchants in these countries access to Getnet’s payment services through one integration, the company said in a Friday (Oct....
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 away from cash and embracing real-time digital alternatives. A PYMNTS Intelligence report, “Promising Payments: Digital Payments Gain Ground in Latin...
MercadoLibre has filed a complaint with Argentina’s competition regulator, alleging that Argentine banks are using an anti-competitive tactic against the company’s FinTech arm, Mercado Pago. In its legal complaint filed with the country’s National Commission in Defense of Competition, MercadoLibre accused the banks of “illegally...
Cash has long been king at Argentina’s bars and restaurants. Its reign may be ending. As Bloomberg News reported Saturday (Aug. 10), card tipping had been rare in the South American nation, leading many patrons to carry big wads of cash. Now, however, tipping is...
October 03, 2024
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 away from cash and embracing real-time digital alternatives. A PYMNTS Intelligence report, “Promising Payments: Digital Payments Gain Ground in Latin America,” in collaboration with Galileo, examines how the region is […]
June 18, 2023
Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years. ...
January 04, 2023
Real-time payments are becoming table stakes worldwide, driven by intense demand from businesses and individuals. Surveys have found that the availability of fast payments was a deciding factor for businesses...
October 25, 2021
In just two years, Latin American debit and credit card use rates have essentially swapped their market share positions. In 2019, roughly 60% of the total purchases in the region...
November 11, 2024
Argentina’s Ualá has reportedly raised $300 million, valuing the FinTech at $2.75 billion. “We’re going to use this to scale Argentina, where my goal is to be the largest bank in the country, not just by users but by book,” founder and CEO Pierpaolo Barbieri said in an interview with Bloomberg News posted Monday (Nov. 11). He added that the […]
October 25, 2024
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 gives merchants in these countries...
August 26, 2024
MercadoLibre has filed a complaint with Argentina’s competition regulator, alleging that Argentine banks are using an anti-competitive tactic against the company’s FinTech arm, Mercado Pago. In its legal complaint filed...
August 11, 2024
Cash has long been king at Argentina’s bars and restaurants. Its reign may be ending. As Bloomberg News reported Saturday (Aug. 10), card tipping had been rare in the South...
