Pix achieved the milestone of 3 billion monthly transactions in March, up from a previous record of 2.8 billion by the end of last year.
PicPay stated that, before reaching the market, the solution went through tests for eight months with 10,000 company and partner employees.
Reliable off-chain credit scoring on the blockchain provides better service and attracts participants to DeFi.
The offering streamlines Web3 business' ability to maintain KYC compliance in the US as they navigate the regulatory landscape.
Mercado Libre will hire 13,000 new jobs this year, bucking a lay-offs trend. Most of the new employees will be based in Mexico and Brazil.
The fintech will operate in Panama, El Salvador, Guatemala, and Mexico, where it plans to become an ally of the region's underbanked population.
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Venture-backed Nova Credit set about developing an alternative to traditional credit analysis to empower borrowers and lenders.
The resources from the new investment, according to the fintech's CEO, will be used to reinforce the team of engineers and invest in the development of new products.
Brazilian Nubank reached 79.1 million customers in Latin America by early April. That is up almost 20 million compared to a year ago.