Brazilian Digital Bank PicPay Eyes Nasdaq IPO in 2025
Weekly news up to Wednesday, 3rd of October 2024.
👀 NEWS HIGHLIGHT
The National Securities Commission (CNV) of Argentina has incorporated Binance into the country’s Virtual Asset Service Providers Registry. This achievement marks Binance’s 20th regulatory milestone globally. The news closely follows our regulatory wins in diverse regions like India, Kazakhstan, and Indonesia, illustrating Binance’s sustained global momentum and adding to previously secured licenses, registrations, and authorizations in jurisdictions like Dubai, France, Japan, El Salvador, and others.
💡INSIGHTS
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Brazilian digital bank PicPay eyes Nasdaq IPO in 2025.
⭐️ What can a payment orchestrator do for your business.
⭐️ InDrive Expands Its Financial Services Offering, Launches inDrive Money in Colombia.
⭐️ MercadoLibre, Latam's Amazon.com rival, rides high with AI, loans, drones.
Stay Updated on the Go. Join my new Telegram channel for daily updates and real-time breaking news. Stay informed and connect with industry enthusiasts —subscribe now!
ARGENTINA
Ualá launches a secured credit card designed for individuals without credit history or those looking to rebuild it. It requires a security deposit from the customer, which yields up to 5% interest in their Ualá account. Read more
COLOMBIA
Yuno tackle payment anomalies in real time. Yuno announced the launch of Monitors, an innovative new feature designed to detect and resolve payment anomalies in real time. This cutting-edge solution guarantees seamless transaction flows and safeguards businesses against revenue losses during outages.
MEXICO
DEUNA and Hands in partner to revolutionize the online checkout experience. DEUNA, a payment orchestration platform from Latin America, is teaming up with Hands In to offer split payment solutions to their merchants. This partnership will enable DEUNA to integrate Hands In’s Multi Card Payments and Group Payments into their checkout services.
MercadoLibre's FinTech arm applies for banking license in Mexico. The application to the National Banking and Securities Commission (CNBV) was sent earlier this month, Mercado Pago said in a statement. In May, Mercado Pago said it aimed to become the largest digital bank in the country with the license.
Revolut aims to launch its operations in Mexico in the first half of 2025, according to Juan Miguel Guerra Dávila, CEO of the company in Mexico. Juan Guerra also indicated that they already have over 100,000 people on the waiting list to become customers. Read on
Due Network, a global FinTech for international payments, announces the start of operations in Mexico. Due Network enables businesses and individuals to transfer funds to and from over 60 countries, including Mexico, at a fraction of the cost and significantly faster than traditional bank transfers.