Footwear brand Puma is cautioning that external challenges are expected to persist throughout 2024. “For 2024, we foresee the geopolitical and macroeconomic challenges as well as highly volatile currencies to persist,” said Puma CEO Arne Freundt in a Wednesday (Jan. 24) statement. “This continues to weigh...
Ualá, a Buenos Aires-based FinTech company, has introduced a no-fee credit card in Argentina. Backed by prominent investors including George Soros, Steve Cohen and Tencent Holdings, Ualá aims to provide financial services to the millions of Argentines who lack access to traditional banking products, Bloomberg reported Friday (Dec....
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, Brazil, Colombia and Bahrain, starting on Sept. 22, Bloomberg reported Thursday (Aug. 24). Reached by PYMNTS, a Mastercard spokesperson confirmed the report...
Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years. In Peru, for example, proliferation of the Immediate Interbank Transfers (IRT) system has been slow...
June 18, 2023
Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years. In Peru, for example, proliferation of the Immediate Interbank Transfers (IRT) system has been slow since it launched in 2016, with real-time payments accounting for just 0.3% […]
January 04, 2023
Real-time payments are becoming table stakes worldwide, driven by intense demand from businesses and individuals. Surveys have found that the availability of fast payments was a deciding factor for businesses...
October 25, 2021
In just two years, Latin American debit and credit card use rates have essentially swapped their market share positions. In 2019, roughly 60% of the total purchases in the region...
May 07, 2024
Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices. MODO, a digital wallet backed by dozens of Argentine lenders, claims that the company forces shoppers to fulfill online purchases using its payment platform, Mercado Pago, Bloomberg News reported Monday (May 6), citing a complaint filed to Argentina’s National Commission for the Defense of Competition. “MercadoLibre’s […]
December 01, 2023
Ualá, a Buenos Aires-based FinTech company, has introduced a no-fee credit card in Argentina. Backed by prominent investors including George Soros, Steve Cohen and Tencent Holdings, Ualá aims to provide financial...
August 24, 2023
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, Brazil, Colombia and Bahrain, starting...
June 16, 2023
Payment platform dLocal says it is investing heavily in Argentina. The company plans to invest $100 million in that country, while hiring 400 new workers in the near and medium...
