Mexico

News

Amazon to Offer BNPL in Mexico

Amazon.com Inc. has started working with Mexican fintech company Kueski, which specializes in the providing of Buy Now, Pay Later (BNPL) service and personal loans, to offer consumers the opportunity to make payment transactions in installments every two weeks in the space of Latin America’s second-largest economy.

News

Santander Mexico to Launch Digital Bank Service

Santander Mexico, a subsidiary of global banking giant Santander, is currently preparing to launch its digital service.

News

India Is Among Top Fintech Cluster Hubs Globally

The World Economic Forum emphasised the role of thriving fintech hubs hosting clusters of fintech corporate headquarters and providing significant operating markets such as Singapore, the UK, the US, Mexico and India for the global growth of the fintech industry.

Fintech & Ecommerce

Banking Platform Kapital Raises $165 Million

Kapital, the company that manages the banking platform, announced that it has managed to raise new capital for $165 million.

News

Nubank Customer Base in Latin America Surpasses 90 Million

Brazilian challenger Nubank has surpassed 90 million customers in Latin America across its operations in Brazil, Colombia, and Mexico.

Finance & Economics

Nubank Launches Personal Loans in Mexico

Latin American fintech bank Nubank has announced the launch of a consumer lending program for its customers in Mexico.

Fintech & Ecommerce

Clara Reportedly Launches Cross-Border Payments in Mexico

The media reported that the fintech company Clara in Mexico began to provide local consumers services for making cross-border payment transactions.

News

Mexico and Peru to Develop Real-Time Payments

Currently, in Latin American countries, a significant part of non-bank households does not demonstrate either the desire or any readiness to switch to real-time payment in their actions related to handling finances, but experts believe that in the near future in some parts of this region, the corresponding service will be scaled.

Finance & Economics

Citigroup Plans IPO for Mexican Banking Unit Banamex

Citigroup announced its decision to take public its retail banking services division Banamex, which is based in Mexico.

Fintech & Ecommerce

Walmart to Expand Capabilities of Digital Wallet in Mexico

The media reports that the Walmart division (Walmex), which operates in Mexico and Central America, intends to expand the capabilities of the digital wallet provided to customers.

Society & Lifestyle

Mastercard Customizes Solutions for Female Entrepreneurs

Mastercard has introduced a suite of services dedicated to the financial needs of female business owners across the regions of Latin America and the Caribbean

Finance & Economics

Vexi Raises $8 Million to Expand Access to Credit in Mexico

Mexican neobank Vexi announced the attraction of investment funds in the amount of $ 8 million following the results of the Series A financing round.

Finance & Economics

INVEX Banco Launches Mexico-Based Neobank Now

INVEX Banco, a private Mexican bank with almost 30 years of operations in the market, has introduced the fully-digital neobank – Now

Blockchain & Crypto

Bitso Teams up with Felix Pago on Crypto Remittances

Through Félix Pago’s WhatsApp integration, users can now send crypto-powered payments from the US to Mexico

Reports

Remittances drive crypto adoption in Latin America: report

Latin America makes up for a 9.1% of the global 2022 crypto transaction value, while remittances and high inflation are the highest drivers of adoption

Countries

BBVA: Everything you need to know about Mexico’s leading online bank

In the fourth quarter of 2020, there were over 56 million users of online banking in Mexico, which is almost half of its total population (43%). Although digital banking is an integral part of the national financial systems these days, it is not as versatile in Mexico as in the rest of the Latin American […]