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Brazil’s Pix Payments Are Killing Cash. Are Credit Cards Next?
In three years, Brazil's hugely popular Pix payment system has become the country's favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of credit cards in the booming e-commerce sector.
- Categories
- Finance, Technology
- Region
- Latin America
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Press Release: Vice President Harris Announces Public-Private Partnership Has Generated More Than $5.2 Billion in Private Sector Commitments for Northern Central America
More than $1 billion in new commitments announced today will create economic opportunity and help address the root causes of migration in Guatemala, El Salvador, and Honduras.
- Categories
- Investing, Social Enterprise
- Region
- Latin America
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Deforestation: As Much a Financial Crime as an ESG Issue
The toolkit is intended to be a highly practical digital resource that firms can incorporate into their existing control and risk frameworks, helping them to mitigate their own risk exposures to the illicit financial flows.
- Categories
- Agriculture, Environment
- Region
- Latin America
- Tags
- climate change, ESG, forests, research
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Brazilian Fintech CloudWalk Reports $320.5 Million in Revenue and $22.3 Million in Profits in 2023 as it Prepares for U.S. Launch
Brazilian fintech pioneer and creator of the InfinitePay brand, today announced that it achieved total revenue of $320.5 million in 2023, a 41% increase year-over-year.
- Categories
- Finance, Technology
- Region
- Latin America
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Press Release: OPEC Fund Provides $150 Million to Promote Climate Action in Colombia
The program aims to foster economic opportunities based on the sustainable use of natural resources, develop circular economy models and promote the energy transition.
- Region
- Latin America
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Press Release: The United States Announces New Projects to Support Climate Adaptation and Resilience in the Caribbean
These investments are part of the President’s Emergency Plan for Adaptation and Resilience (PREPARE).
- Categories
- Environment, Investing
- Region
- Latin America
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Mexico Tells Amazon to Reveal Its Algorithms, Open up Delivery and Wall off Prime TV
Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms and to wall off TV streaming to avoid stifling competition.
- Categories
- Technology
- Region
- Latin America
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Press Release: Bold Raises $50 Million in Series C Funding Round Led by General Atlantic and IFC
Bold was founded in 2019 to serve small and medium-sized businesses (SMBs) with a mission of fostering financial inclusion through the democratization of Colombia's digital economy.
- Categories
- Finance, Technology
- Region
- Latin America