Ecuador has announced the launch of an online business-to-business (B2B) marketplace. According to Produce Business UK, e-Ecuador — called the “Ecuadorean Alibaba” — enables buyers from around the world to locate and connect with more than 1,000 suppliers of the country’s products and fresh produce. Almost a quarter...
Ecuador announced last week that it needs to borrow more than $1.1 billion from international lenders as the country tries to fix its deficit. The Financial Times reported that one of the loans includes $500 million from a repurchase agreement with U.S.-based Goldman Sachs. The country’s...
The Central Bank in Ecuador is trying to launch a national mobile payment scheme that is designed to handle B2B transactions (along with P2P, top-up, cash in and out, in-store purchases and electronic receipts), deliver a very low rate (a $50 charge costs four cents,...
September 22, 2019
Ecuador’s government has rushed a draft privacy law to Congress after the nation was hit with a massive data breach impacting more than 20 million people. The breach, according to the Financial Times, was discovered by researchers at VPNMentor, who reported that the data was found on an unsecured server owned by Novaestrat, a data […]
September 03, 2018
Ecuador announced last week that it needs to borrow more than $1.1 billion from international lenders as the country tries to fix its deficit. The Financial Times reported that one...
