A recent fuel payments move by WEX highlights the increasing importance of South America — notably Brazil — to the fleet and freight industry. Earlier this spring, the corporate payments company said it was expanding in the continent’s largest economy as measured by GDP via a...
Hyperinflation has driven the Venezuelan Bolivar to near uselessness. How are individuals supposed to save and manage money when their currency is hemorrhaging value? AirTM lets them convert their earnings to a stable currency such as USD via two-sided marketplace. Co-founder Ruben Galindo Steckel explains...
Pushing its footprint even deeper into the Americas, Ant Financial’s Alipay — China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers — announced news today (March 20) that it will be growing its presence in Mexico via a partnership with Openpay....
The Brazilian Central Bank has floated a proposal that would let FinTechs lend money but which would also curtail them from taking deposits, as might be seen in a traditional commercial banking relationship, according to news by Reuters. The proposed rules would, in part, find precedent...
Historically, Airbnb hasn’t had the best rapport with the markets it enters (and disrupts). It has often found itself at odds with housing regulations and the interests of both legacy hoteliers and others in the hospitality space. But in Latin America, said Bloomberg News, the homeshare...
Remittances — cash payment into Mexico from expats living in the U.S. — are a national cash cow. In fact, remittances are the largest source of cash that comes into Mexico — and they may now be threatened by President Trump’s widely anticipated announcement of...
Facing some of the highest inflation in the world as part of a deepening ongoing financial crisis, Venezuela will be pulling its largest bill from circulation this week as it prepares to introduce new, higher value notes, according to President Nicolás Maduro. The current value of...
President Obama’s official state visit to Cuba marked the first time the top elected U.S. official had done so in nearly 90 years. Despite the time between trips, Air Force One still managed to navigate smoothly enough to and from its destination, and remarks by both...
German startup accelerator Rocket Internet is slimming down its food delivery business with the sale of four of its companies for about $140 million in cash. The four companies, which include online takeaway food businesses trading in Spain (La Nevera Roja), Italy (PizzaBo/hellofood Italy), Brazil (hellofood Brazil)...
