Mastercard is rolling out a financial inclusion program in Guatemala, El Salvador and Honduras that will “accelerate the company’s objective of including five million unbanked individuals and digitize and provide credit access to one million micro and small businesses (MSMBs)” in the next five years....
As the global economy becomes increasingly digital, the prospect of bringing economies that have long depended on cash into the digital world remains one of FinTech innovators’ greatest challenges. The stakes are high, as digitizing the payment process and encouraging citizens to take full advantage...
Financial institutions (FIs) and FinTechs anxious to usher Central American and Caribbean countries into the global digital payments stage face cultural, historical and regulatory hurdles — even though the transition is critical to the region’s economic future. In the "Digitizing Payments In Latin America Playbook,"...
The pandemic pushed governments, businesses and consumers worldwide to look at the importance of digitization as the world becomes increasingly connected. Countries with digitally inclined consumers found value in adapting to digital marketplaces, and countries with higher numbers of unbanked or underbanked consumers face unique...
May 10, 2022
The pandemic pushed governments, businesses and consumers worldwide to look at the importance of digitization as the world becomes increasingly connected. Countries with digitally inclined consumers found value in adapting to digital marketplaces, and countries with higher numbers of unbanked or underbanked consumers face unique challenges during this digital transformation. Consumers in Central America and […]
September 10, 2020
For platforms offering a variety of services — courting sticky relationships with their end users — the holy grail is the super app. It’s a way to build an ecosystem,...
December 13, 2022
PayU is expanding its digital payments business in Central America. The Netherlands-based payment service provider announced the expansion in a Tuesday (Dec. 13) press release sent to PYMNTS. With the anticipated launch, merchants in Guatemala, Honduras, El Salvador and Costa Rica will be able to use PayU’s online payments platform to process transactions in dollars […]
May 12, 2022
Mastercard is rolling out a financial inclusion program in Guatemala, El Salvador and Honduras that will “accelerate the company’s objective of including five million unbanked individuals and digitize and provide...
