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Bank of Jamaica issues first mobile wallet licence
THE Bank of Jamaica (BOJ) on Tuesday granted a licence to the Jamaica Co-operative Credit Union League (JCCUL) for Conec — the mobile wallet payment service that will allow delivery on a full commercial basis. The JCCUL received the BOJ’s authorisation under the Guidelines for the Electronic Retail Payment Service to offer custodian account-based payment services to the public.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech
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Samsung Pay launches in Brazil
Samsung Electronics will roll out Samsung Pay in Brazil tomorrow (19 July), the first market in South America to introduce its mobile payment service.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech
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Latin America Zika Outbreak Should ‘Burn Out’ Within 3 Years, Scientists Say
A team of British experts in disease outbreaks believes that the Zika epidemic afflicting Latin America will end within three years. They based their estimate on modeling using available data on the outbreak, which has so far involved thousands of cases of Zika-linked birth defects, mainly in Brazil.
- Categories
- Health Care
- Region
- Latin America
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ImpactAssets deploys $3.5 million to support smallholder farmers in Latin America
ImpactAssets announced today that it has deployed more than $3.5MM in support of smallholder farmers in Honduras, Costa Rica, Chile and Peru through their recently launched Global Sustainable Agriculture Note. This lower-minimum publicly offered debt security broadens investor access to grower cooperatives and agricultural enterprises.
- Categories
- Agriculture
- Region
- Latin America
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How capturing rain could save Mexico City from a water crisis
More than 10 million Mexicans lack access to safe water and its capital, Mexico City, is ranked third on the list of cities facing an extreme water crisis. But this is not because of natural water scarcity. In fact, Mexico City receives roughly five months of rain a year and is notorious for flooding.
- Categories
- Environment, Health Care
- Region
- Latin America
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FINCA Mexico Awarded Smart Certification for Keeping Clients First
Today, Financiera FINCA, S.A. de C.V. SOFOM E.N. R (FINCA Mexico), a leading microfinance organization, announced it received Client Protection Certification by the Smart Campaign recognizing its strong ethical standards on client care and protection.
- Categories
- Uncategorized
- Region
- Latin America
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Mexico to Accelerate Path to Financial Inclusion
Earlier this week, Mexico launched its National Financial Inclusion Strategy (NFIS), which will accelerate access to financial services for the more than half of the population currently left out of the formal and regulated financial system. 44% of adults in Mexico own a bank account.
- Categories
- Uncategorized
- Region
- Latin America
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Uncommon Cacao Raises Impact Investment Capital From Acumen, PI Investments
Uncommon Cacao, an industry-leading premium cacao supply chain operation, announced the closing of its Series A impact investment capital raise led by Pi Investments as lead investor and Acumen as the largest investor in the round.
- Categories
- Agriculture, Investing
- Region
- Latin America