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. The...
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...
Bradesco Seguros, a branch of one the big banks that offers medical insurance, will launch an Andorid and iOS m-wallet, developed by Scopus, which will enable customers to consolidate cards. Windows and tablet support will be available in a second phase. Clinics, labs and third...
Meu Dinheiro Claro, the JV signed by telco Claro (AMX) and Bradesco, one of major banks, was able to add a new tool which allows customers registering via mobile vs. visiting the store and which is expected to boost adoption. The app allows checking balances...
MoneyGram users who wish to transfer money to Mexico can look forward to much faster processing times. The international money transfer and payment services company has announced a new U.S. – Mexico channel than can move money cross-border from user to user in just 30 minutes....
The Mexican loan calamity; wherein Citiigroup’s Mexican extension Banamex loaned $400 million to a company that could not pay them back, has thus far has been equal part expensive, embarrassing and generally damaging for the company. The scandal has now has claimed its next round of...
Americans can take online shopping for granted because it is so ubiquitous. Almost any legal good or service is available to them with nothing more than the click of a button. eCommerce is not so easy in many other parts of the world, however. In...
04 March 2014 One of Citigroup’s banking affiliates, Banamex USA, is being hit by twin inquires related to fraud and money-laundering regulation compliance. Banamex, which provides banking services to communities in the United States and Mexico, recently revealed in SEC filings that it had been...
