Digitally savvy, younger consumers with mobile devices in hand. Underbanked and even unbanked populations ripe for financial inclusion. A regulatory environment conducive to digital innovation. It comes as no surprise, given the above statements, that Latin America would prove to be a key target for...
Mercado Libre has reportedly secured $250 million in financing from JPMorgan to grow the business of its FinTech arm Mercado Pago in Mexico. The company will use the new resources to finance more businesses and individuals in the country, Reuters reported Thursday (Sept. 19), with...
The cryptocurrency sector has long been in search of gateway use cases to accelerate adoption. News broke Friday (Aug. 23) that Wyoming is reportedly developing its own U.S. dollar-backed stablecoin to be used for consumer payments. The Wyoming Stable Token could be launched as soon...
Walmart Mexico’s new boss is aiming to double its sales amid robust eCommerce competition. Ignacio Caride, who spent more than a decade with online retailer Mercado Libre before becoming CEO of Walmart Mexico — or Walmex — discussed his vision of the company Sunday (Aug....
August 16, 2024
Most countries measure banking activity in terms of where and how it happens. Hence distinctions such as in-branch, ATMs, online and mobile. But in Latin America, for all intents and purposes, there’s only one kind of banking: digital. It’s reflected in PYMNTS recent “How The World Does Digital” report that showed Brazil had the highest […]
November 29, 2022
Digital payments are growing fast in Latin America, threatening to overtake cash as the preferred transaction method. One study revealed that mobile bank accounts in Latin America increased by 67%...
February 28, 2022
Call it the great stock market rebound of 2022: U.S. stocks rallied from record lows last week after investors looked past Russia’s attack on Ukraine. PYMNTS’ CE100TM Index climbed 2.8% last...
October 09, 2024
Mercado Libre is witnessing a consumption recovery in Argentina amid a period of “profound economic transition.” The Latin American eCommerce/FinTech platform announced Tuesday (Oct. 8) that it had sold a record 20 million products on its platform in August. “While in the first months of the year the supermarket category and basic necessities were the […]
September 19, 2024
Mercado Libre has reportedly secured $250 million in financing from JPMorgan to grow the business of its FinTech arm Mercado Pago in Mexico. The company will use the new resources...
August 25, 2024
Walmart Mexico’s new boss is aiming to double its sales amid robust eCommerce competition. Ignacio Caride, who spent more than a decade with online retailer Mercado Libre before becoming CEO...
March 15, 2024
Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023. The...
