Colombia

FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
FTC Strengthens Cooperation With Latin American Partners to Fight Fraud
September 29, 2023  |  Fraud Prevention

The Federal Trade Commission (FTC) has partnered with consumer protection authorities from four Latin American countries — Chile, Colombia, Mexico and Peru — to combat cross-border fraud....

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Mastercard to Terminate Co-Branded Card Partnership With Binance
Mastercard to Terminate Co-Branded Card Partnership With Binance
August 24, 2023  |  Cryptocurrency

Mastercard will terminate its partnership with cryptocurrency exchange Binance Holdings. This decision will impact all four of Mastercard’s co-branded card programs with Binance, which are in Argentina,...

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Rappi and R2 to Provide Loans to Restaurants in Mexico and Colombia
Rappi and R2 to Provide Loans to Restaurants in Mexico and Colombia
July 27, 2023  |  Restaurant innovation

Rappi, a Latin American delivery app backed by SoftBank, is partnering with FinTech R2 to provide loans to restaurants in Mexico and Colombia. Restaurants selling via the...

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The Impact of Real-Time Payments on GDP Growth in Emerging Markets
The Impact of Real-Time Payments on GDP Growth in Emerging Markets
February 01, 2023  |  Real-Time Payments

Real-time payments have become indispensable for the global economy, with a previous PYMNTS study finding that 86% of businesses generating annual revenues between $500 million...

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PayU Buys Colombian ePayments Company Ding
PayU Buys Colombian ePayments Company Ding
September 14, 2022  |  Acquisitions

Payments and FinTech business PayU has gotten the endorsement of Colombian regulatory authorities to buy electronic payments and deposits firm Ding from CredibanCo, a press...

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CBDC Weekly: Fed’s Bowman Says FedNow Makes Digital Dollar Unnecessary
CBDC Weekly: Fed’s Bowman Says FedNow Makes Digital Dollar Unnecessary
August 22, 2022  |  Cryptocurrency

Fed Governor Michelle Bowman suggested that she believes the FedNow real-time payments system will make a digital dollar unnecessary. Speaking at the VenCent Fintech Conference...

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Colombia Eyes CBDC to Ease Transactions, Stop Tax Evasion
Colombia Eyes CBDC to Ease Transactions, Stop Tax Evasion
August 17, 2022  |  CBDC

Aiming to make transactions easier for consumers and to put an end to tax evasion, Colombia is reportedly considering introducing a central bank digital currency...

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Today in Crypto: Bitcoin Falls With Powell Remarks; Coinbase Institute to Fund Research
Today in Crypto: Bitcoin Falls With Powell Remarks; Coinbase Institute to Fund Research
May 18, 2022  |  Cryptocurrency

Bitcoin dropped under $30,000 in trading on Wednesday (May 18) following traditional markets in retreat, Coindesk wrote. Traders and analysts are responding to Fed Chair...

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Western Union, SuperGIROS Team on Cross-border Payments in Colombia
Western Union, SuperGIROS Team on Cross-border Payments in Colombia
May 03, 2022  |  Cross-border Payments

Western Union and SuperGIROS, part of the Acciones & Valores network, on Tuesday (May 3) teamed up to give Colombians more financial flexibility by adding...

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