Mercado Libre reported strong Q4 2022 results with their fintech division, Mercado Page, leading the way
The law deals with various aspects of crypto assets, including their issuance and operations of tokenized financial products.
The last years have been great for fintechs. But this scenario of rising interest rates and economic uncertainty is hitting companies hard.
Last month, PicPay launched peer-to-peer lending for companies, a major innovation in a bid to enhance the product suite.
To increase the engagement of the fintech's user community, the new product will expand Nubank's internal rewards program.
Argentine banks sued Mercado Libre for alleged dominant position in the market, while the fintech responded by dennouncing "cartelization".
US fintech giant Fiserv acquired Argentine digital wallet Yacare to ramp up its offering to clients and compete with Mercado Libre.
Mexican fintech Clara secured a $90 million debt facility as it plans to grow its footprint in South America.
Binance announced a partnership with Mastercard this week to launch a prepaid card in Brazil, the second initiative of its kind in Latin America after a previous rollout in Argentina.
Fintechs are diversifying to survive, adding solutions to monetize their customer base and reduce dependence on riskier lines of business.