ACI Worldwide Transforming the Real-Time Payments Landscape?
Weekly news up to Wednesday, 7th of May 2025.
👀 NEWS HIGHLIGHT
Jeeves, a FinTech that offers financial management solutions for companies, focuses on simplifying and integrating the financial operations of medium and large companies operating in multiple countries.
Founded in 2021, the company has rapidly expanded to more than 25 countries, including Brazil, Mexico, Colombia, the United States and various regions of Europe, with Brazil expected to become the company's second largest market by 2024.
📊 INFOGRAPHIC
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ How is ACI Worldwide Transforming the Real-Time Payments Landscape?
⭐️ Women Leading Financial Inclusion with Real-Time Payments.
⭐️ Magalu has appointed Jorg Friedemann as the new CEO.
⭐️ Bank of America hires from Citi, Deutsche Bank, and Santander for Latin America.
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BRAZIL
PagBrasil completes the integration of Pix Automático on its platform. The Central Bank of Brazil expects to officially roll out the new feature on 16 June 2025, Pix Automático aims to improve recurring payments in the country by enabling automated, pre-authorised debits through the country’s popular Pix and Open Finance systems.
Clara raises $80 million and is close to profitability. The new capital will be used to invest in technology and expand operations across Latin America, with a focus on Brazil. Keep reading
COLOMBIA
Colombia will launch Bre-B, a new real-time and interoperable payment system. The platform, integrated into existing banking apps and websites, will enable 24/7 instant payments using unique identifiers. ACI Worldwide has been selected as the technology provider for interoperability services, supplying the infrastructure to support seamless real-time transactions.
Regulation and lack of liquidity, challenges for medium-sized banks in Colombia. The report states that although banks have shown resilience in the face of contractionary monetary cycles, evolving funding conditions and new regulatory requirements could limit their competitiveness compared to larger banks and emerging FinTech companies.
MEXICO
Stablecoin-enabled FX, Now Live in Mexico. Bridge is launching local on and off-ramps, enabling developers to move funds seamlessly between dollars, pesos, and stablecoins through a simple set of APIs. This rollout is the first step in a broader effort to support cross-border financial operations across Latin America.
Ualá users can now withdraw money at Oxxo shops throughout Mexico. The new partnership allows customers of this financial platform to withdraw up to 3,000 pesos per transaction, although they must pay a fixed fee of 20 pesos per withdrawal.
TruBit joins Circle Payments Network as early design partner to advance borderless finance. The CPN is designed to modernize today's fragmented cross-border payment systems, enabling financial institutions to move money with internet-level speed, transparency, and efficiency.
MOVERS & SHAKERS
Magalu has appointed Jorg Friedemann as the new CEO of MagaluBank, its financial services division. This strategic move aims to accelerate the growth of Magalu's financial services, particularly in digital channels, where the company sees significant untapped potential.