JPMorgan Chase Upgrades Mexican Equities
JPMorgan Chase upgraded Mexican equities to overweight from neutral amid strong economic growth in the United States.
Brazil
dLocal Becomes Certified PISP for Pix
dLocal achieved a regulatory milestone and became a certified Payment Initiation Service Provider (PISP) in Brazil, able to process Pix payments directly within the Open Finance framework.
First Stablecoin Pegged to Brazilian Real Launches on TRON Blockchain
Mercado Bitcoin has introduced MBRL stablecoin linked to the value of Brazilian Real on the TRON blockchain.
Brazil Development Bank Inks $3B AIIB Deal
Collaboration between Brazil’s development bank, BNDES, and the Asian Infrastructure Investment Bank (AIIB) aims to promote economic growth and environmental sustainability in Brazil.
Experian Buys Cyber Security Firm ClearSale
Credit data company Experian has agreed to buy firm ClearSale, which specializes in carrying out activities in the cybersecurity area.
Microsoft to Invest $2.7 Billion in Brazil
Microsoft on Thursday, September 26, announced its intention to invest 14.7 billion reais ($2.7 billion) in Brazil over three years.
Google Buys Carbon Removal Credits From Brazil Startup
Google has agreed to buy carbon removal credits for the first time in history.
USDC Integrates With Real-Time Payment Systems of Mexico and Brazil
Circle has partnered with leading banks in Mexico and Brazil to integrate its stablecoin, USDC, into the national real-time payment systems of these two countries.
Brazil Tries to Calm Investors
In Brazil, the local economic team is going into damage control mode to reassure investors and ensure that the country’s government is complying with fiscal rules, even as President Luiz Inacio Lula da Silva is pushing for a decision to increase social spending.
Brazil Blocks X
In Brazil, a panel of federal supreme court justices voted unanimously to uphold an order suspending the operation of social media platform X, formerly known as Twitter and owned by Elon Musk, in the country.
X Closes Its Operations in Brazil
The social media platform X, formerly known as Twitter, announced the immediate termination of its operations in Brazil, one of the largest media markets in Latin America.
Brazil’s Central Bank Delays Launch of Recurring Payments Feature
The Central Bank of Brazil has decided to postpone the launch of the recurring payments feature to be added to the instant payment transaction system called Pix.
Pismo Activates Ledger Update
Pismo, a global cloud-native provider of core banking services and bank card processing, has announced that a significant upgrade has been made to its authorization engine.
Brazil’s Instant-Payment System Pix Expands Activity
The Brazilian instant payment system Pix may start operating globally in the foreseeable future.
Brazil Stark Bank Doubles Profit
Stark Bank, one of the few startups from Latin America that received funding from Jeff Bezos’ family office, is currently recording profits as part of its activities to assist companies in handling payment transactions.
Nubank Approaches $1 Billion in Revenue
Brazilian neobank Nubank is confident that it will be able to become the largest financial services company in Latin America.
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