Brazilian Development Bank BNDES will start using Brazilian Payment System by end of June. For this reason it will discontinue intermediation of third parties. This change will bring better customer services and more efficiency according to the bank. All accounts held at third parties will...
Telco regulator Anatel is seeking new business models for pay phones. In 2004, 42 percent of population used orelhaos vs. 4 percent in 2010 as mobile phones became widespread. Prepaid magnetic cards will be discontinued in three years as only 132M were manufactured in 2011...
Bank of Mexico and UNAM presented the report “Financial Cuture of Mexican Youth”. The researches held ten focus groups in five cities and 3.2k surveys of Mexicans aged between 15 and 29. Finding shows only 22% of them control their budget while 61% hasn’t thought...
Customers traveling to Brazil for the World Cup from around the world faced an unpleasant surprise last week when currency exchangers all over the world started running out of the Brazilian Real. This is no minor issue for foreign soccer enthusiasts, since, as the info-graphic...
The Ripple protocol allows users and businesses send any kind of currency across its network nearly instantly to other individuals and businesses in the coverage zone. Not only are payments recieved quickly, they are also taken in the recipients native coin. Get the Full Story...
Guatemala will be the first Central American country to offer m-POS, with Tigo launching its product. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
A report by the Multilateral Investment Fund “Remittances to Latin America and the Caribbean in 2013: Still Below Pre-Crisis Levels” shows there were USD 61.3 Bn in remittances to LatAm in 2013, flat from a year before and less than the USD 64.9 Bn sent...
Bitcoin’s promising South American development has hit a bump in the road with Argentinian Central Bank having gone and issued a warning on the perils of getting involved with digital currencies. Though bitcoin is not the only digital currency, it is the largest one. Get...
Cielo, Brazil’s largest merchant acquirer and Linx, an ERP provider, signed a non-exclusive partnership, which will bring management solutions to SMEs. The move is defensive for Cielo as it tries to defend its 56% market share menaced by new entrants. Its targets are retailers with...
