Improved financial services are top-of-mind for many families and individuals in Latin America, and online banking forms the core of many financial institutions’ (FIs’) strategies to deliver these services. A recent survey found that approximately 90% of bank customers throughout the region leverage some form...
Banco de Sabadell will be looking into selling its payments business, Bloomberg reported Friday (Feb. 11), citing anonymous sources. The Spanish banking group is looking into this with an adviser, and the report said it might get somewhere between €250 million to €350 million ($284...
Italy’s second-largest bank, UniCredit, is weighing its options following reports it was making moves to snag rival Banco BPM. The news was originally published by an Italian newspaper that reported UniCredit was considering a bid for Banco BMP, a smaller competitor. However, as the hours...
In today’s top Europe, Middle East and Africa news, the Central Bank of the United Arab Emirates has approved a new digital banking platform supported by state holding company ADQ; Media regulators in the European Union are considering new rules to end misinformation on Spotify. Plus,...
The ratio of bad loans originated from China’s commercial banks fell 0.02 basis points to 1.73% at end of December compared to the percentage from three months earlier, according to a statement on the China Banking and Insurance Regulatory Commission’s (CBIRC) website Friday (Feb. 11)....
Mexican consumers are using their mobile devices to purchase everything from groceries to movie tickets, leading merchants to reassess their payment offerings. In the latest Digitizing Payments In Latin America Playbook, Clip’s Mariano Carranza explains how merchants’ ability to offer payment tools such as mobile...
In today’s top Europe, Middle East and Africa news, L’Oréal singled out its eCommerce growth of 25.7% as key to its strong 2021; and Germany’s Delivery Hero fell more than 31%, its largest decline ever. Plus, Europe’s online car retailer, Cazoo, announced that it sold...
Italian payments group Nexi is reportedly mulling the sale of the German buy now, pay later (BNPL) firm Ratepay, which it picked up two years ago when it bought Nordic payments firm Nets. According to a Bloomberg report Thursday (Feb. 10) that cited sources with...
Latin America’s online banking and payment ecosystem has expanded rapidly since the start of the pandemic, especially within Mexico, where rising rates of smartphone and internet penetration have pushed the adoption of digital wallets and related tools up. While a high portion of the country’s...
