ACI Worldwide to Power Bre-B, Colombia's Pix Equivalent
Weekly news up to Wednesday, 2nd of April 2025.
👀 NEWS HIGHLIGHT
Brazil’s central bank president, Gabriel Galipolo, cleared his schedule on Monday to make room for some urgent meetings.
The guest list included Andre Esteves, chairman of financial giant Banco BTG Pactual SA, and Paulo Henrique Costa, the leader of a smaller, more obscure bank owned by the government of Brasilia.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Neon is authorized to operate as a payment initiator in Open Finance.
⭐️ PicPay makes seven times more profit and advances in diversification.
⭐️ Panama’s draft bill sets the stage for crypto payments.
⭐️ AstroPay Expands Access to Multicurrency Wallet Across Latin America.
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BRAZIL
Itaú Unibanco partners with Wise Platform to strengthen its cross-border payments experience for customers. This new solution allows Itaú customers in Brazil to make international payments or send money with the same ease and simplicity as with Pix, any time, every day of the week.
Nubank launches ‘Caixinha Turbo’ with a yield of 110% of CDI, but has conditions. This is a type of bank deposit receipt that allows daily withdrawals. However, there are conditions to access the higher yield: clients must deposit R$900 monthly into their account, and they can invest up to R$5,000 in the product.
COLOMBIA
ACI Worldwide will lead the technological infrastructure of Bre-B and Colombia's Pix to implement the core infrastructure for instant payments in the country. This initiative is aimed at improving interoperability and efficiency within the financial system. The first phase is set to launch in July, with the implementation of a centralized key directory, followed by a liquidity management system in October.
Transfiya, an instant payment system, has 99.99% availability in Colombia. The service, managed by ACH Colombia, handled 300 million transactions in 2024 and serves over 22 million users, providing fast, secure, and efficient money transfers across different financial institutions.
FinTech firm Monet and Refácil launch solution for paying bills on credit in Colombia. This new service will allow users to pay household bills such as water, electricity, gas, phone, and television, without the need to have cash at the time of the transaction.
MEXICO
Crypto Exchange Bitso launches stablecoin business, eyeing LatAm cross-border payments through its subsidiary, Juno. The first stablecoin is pegged to the Mexican peso and is designed to facilitate cross-border payments. This move positions Bitso to capitalize on the growing demand for stablecoins in the region.
YC alum Mendel, a ‘Ramp for LatAm enterprises,’ raises $35M Series B. Mendel’s mission is straightforward: to reinvent corporate spend management by automating most of the operations for an enterprise CFO that are currently done manually. Simply put, it aims to be the go-to for all B2B spending.
ECUADOR
Ecuador, Tupay's first destination for international expansion. The company aims to expand beyond betting into sectors like retail, education, and services by offering new payment collection solutions and planning to grow its processed volume 3.5 times in 2025.
MOVERS & SHAKERS
dLocal announces CFO transition due to health reasons. Mark Ortiz will step down from his role due to an unforeseen health issue that requires attention. The transition will take effect once the company has filed its annual report on Form 20-F, including the 2024 annual audited financial statements.
Nubank announces new IR and market intelligence director Guilherme Souto. The new director will play a key role in shaping Nubank's investor relations strategy and providing valuable insights to support the company's growth and expansion. Click here to learn more