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Mexico Ruling Party Says Deal Struck With Banks on Fee Bill
The new version of the bill removes across-the-board prohibitions from the original legislation, but requires banks to offer zero-fee accounts to low income clients, Monreal’s aide Juan Garay said.
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- Finance
- Region
- Latin America
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Mexico pushes mobile payments to help unbanked consumers ditch cash
It is planning a digital payments system run and built by the central bank that will allow Mexicans to make and receive payments through their smartphones free of charge. A pilot roll-out for the platform, known as CoDi, is expected by March.
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- Finance
- Region
- Latin America
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A private equity bet in Latin America proves the strength of fintech investments there
Across Latin America, fintech startups have hit billion-dollar valuations and raised hundreds of millions as investors vie for a piece of the region’s growing e-commerce and financial services markets.
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- Finance, Technology
- Region
- Latin America
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Press release: IDB Invest provides loan to Mundo Mujer, the largest private microfinance bank in Colombia
The financing allows Banco Mundo Mujer to increase its loan portfolio to support communities with easy and quick access to working capital, strengthening its businesses and productive units.
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- Finance
- Region
- Latin America
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Mexico launches major initiative to boost financial sector
"The main objectives of these actions are to increase the coverage of the financial sector and promote liquidity in the stock market, introduce a more efficient payment system for the population, and overall, facilitate and promote savings mobilization, channeling them into productive investments," read a press release from the finance ministry.
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- Finance
- Region
- Latin America
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Viewpoint: Secure the Caribbean — with a modest addition to the BUILD Act
The BUILD Act’s passage was rightly cheered, with one analysis calling it “the most important piece of U.S. soft power legislation in more than a decade.” The BUILD Act, however, inadvertently leaves the Caribbean out in the cold. This situation, likely unintentional, can be easily remedied with a better understanding of the problem.
- Region
- Latin America
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Brazilian Fintech Nubank Launches Debit Card To Reach 120M Clients
Brazilian fintech Nubank has launched a debit function for its card offering as well as the ability to withdraw cash from ATMs, in a move that aims to extend its reach to as many as 120 million customers.
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- Finance
- Region
- Latin America
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First GSMA Mobile Money Certification Achieved in Latin America
"We are honoured to receive this certification, after 10 years working to promote financial inclusion, transforming lives and deploying digital highways for millions of Paraguayans, who already are beginning to enjoy the new digital economy,” said Ramiro Pascual, CEO of Tigo Paraguay.
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- Finance
- Region
- Latin America
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