Mexico’s banking sector is reportedly facing pressure from a wave of FinTech challengers. As Bloomberg News reported Friday (Nov. 28), companies like Revolut are expected to begin operating in that country in the first half of 2026, with Brazil’s Nu hoping to become a bank...
Mercado Pago, the FinTech unit of Mercado Libre, plans to apply for a banking license in Argentina to expand the service offering of its digital model in the country. A banking license from the Central Bank of Argentina will allow Mercado Pago to add more investment tools and...
Latin America’s digital commerce giant, MercadoLibre, continues to demonstrate its influence across the region’s evolving financial and retail landscape, extending its reach beyond transactions into areas critical for future growth and user engagement. The company’s first-quarter 2025 results, reported Wednesday (May 7), highlight strategic advancements...
Latin America is undergoing a dramatic shift in how money moves. But it isn’t traditional financial institutions that are leading the charge. Instead, mobile wallets and real-time payment systems are rapidly gaining ground across the region, and these 21st century solutions to the age-old problem...
May 07, 2025
Latin America is undergoing a dramatic shift in how money moves. But it isn’t traditional financial institutions that are leading the charge. Instead, mobile wallets and real-time payment systems are rapidly gaining ground across the region, and these 21st century solutions to the age-old problem of money movement are even overtaking banks in the race […]
November 11, 2024
Earnings, earnings everywhere — and for connected economy stocks in the CE 100 Index, roaring ahead almost in lockstep, the week was a good one. Indeed, two sectors of the...
October 03, 2024
As the digital payments landscape in Latin America rapidly evolves with nearly 600 million people generating close to $6 trillion in GDP, consumers are shifting away from cash and embracing...
August 16, 2024
Most countries measure banking activity in terms of where and how it happens. Hence distinctions such as in-branch, ATMs, online and mobile. But in Latin America, for all intents and...
May 07, 2026
Mercado Libre’s investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and financial income in the first quarter, the company said in a Thursday (May 7) earnings release. That increase brought the Latin American eCommerce and FinTech’s net revenue and financial income […]
November 30, 2025
Mexico’s banking sector is reportedly facing pressure from a wave of FinTech challengers. As Bloomberg News reported Friday (Nov. 28), companies like Revolut are expected to begin operating in that...
May 28, 2025
Mercado Pago, the FinTech unit of Mercado Libre, plans to apply for a banking license in Argentina to expand the service offering of its digital model in the country. A banking...
October 09, 2024
Mercado Libre is witnessing a consumption recovery in Argentina amid a period of “profound economic transition.” The Latin American eCommerce/FinTech platform announced Tuesday (Oct. 8) that it had sold a...
