Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European Economic Area. Under this regulation, instant credit transfers must arrive in recipients’ accounts within...
Canadian FinTech firm Nuvei is expanding its Latin American presence with the launch of direct local acquiring capabilities in Colombia. This makes Nuvei the first global payments provider to offer this service in the country, the company said in a Tuesday (Feb. 20) news release. Direct local acquiring...
Colombian FinTech Bold raised $50 million to expand its payments terminal offering. The company announced the General Atlantic-led Series C round Wednesday (Feb. 14), saying it would use the capital to deepen its position within Colombia’s merchant acquirer space. “Our work continues to empower small...
Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT) Tuesday (Feb. 6), referring to the company’s ambitions to lead its industry in terms of customer numbers. “We’re now in the...
January 09, 2024
As the new year begins, the global demand for faster, streamlined transactions continues to fuel the expansion of real-time payments worldwide. Countries are employing diverse approaches to developing, deploying and refining their instant payment systems to meet consumer needs. Some nations, led by central banks and government regulators, have established government-driven instant transaction protocols. Others […]
February 01, 2023
Real-time payments have become indispensable for the global economy, with a previous PYMNTS study finding that 86% of businesses generating annual revenues between $500 million to $1 billion using this...
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...
June 03, 2024
Nuvei says it is the first global payments provider offering Visa Direct in Colombia, via a new partnership with Visa. “Offering instant payouts through Visa Direct supports our strategy of providing best-in-class payment solutions tailored to the needs of each market we serve,” Nuvei Chair and CEO Philip Fayer said in a Monday (June 3) news release. “Colombia is one of […]
February 20, 2024
Canadian FinTech firm Nuvei is expanding its Latin American presence with the launch of direct local acquiring capabilities in Colombia. This makes Nuvei the first global payments provider to offer this service...
February 14, 2024
Colombian FinTech Bold raised $50 million to expand its payments terminal offering. The company announced the General Atlantic-led Series C round Wednesday (Feb. 14), saying it would use the capital...
February 06, 2024
Brazilian neobank Nubank is predicting it will someday become Latin America’s largest financial service company. “I think that will happen eventually,” CEO David Vélez told the Financial Times (FT) Tuesday (Feb. 6), referring to...
