Decentralization of Credit Will Benefit Brazil, says Pomelo
Weekly news up to Wednesday, 12th of February 2025.
👀 NEWS HIGHLIGHT
Brazilian credit FinTech BYX Capital acquired Nvio, Bitso‘s licensed payment entity in Brazil, for an undisclosed amount. The transaction is pending Central Bank approval for the change of ownership.
BYX operates as a banking correspondent, acting as an intermediary for financial services and offering structured payroll credit and securitization solutions for FinTechs, banks, and financial institutions. Nvio is an authorized direct credit society regulated by Brazil’s Central Bank.
📊 INFOGRAPHIC
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Decentralization of credit will benefit Brazil, says Pomelo.
⭐️ PayRetailers wins approval from Chilean regulators for cross-border acquiring.
⭐️ Banking personalisation platform Moneythor lands in Latin America.
⭐️ Bancard and PagBrasil partner to offer Pix roaming.
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ARGENTINA
Takenos & Pomelo: Introducing the Spicy Card for global workers. The card is designed for freelancers, entrepreneurs, and remote workers who need to use their foreign earnings locally. This is a prepaid card, available in both physical and virtual versions.
What are the areas with the highest growth potential in the FinTech world for 2025? Santiago Witis, Country Manager of Pomelo in Argentina, assures that the FinTech sector will grow significantly in 2025, but there are specifically two areas with exceptional potential: digital payments and loans/credit.
MercadoLibre's payment processor offers Pix. The company is offering transactions using its payment processors in Argentina through Pix, the Brazilian instant payment system, as Brazilian tourists flock to the neighboring country for vacation.
COLOMBIA
Multi currency cards: Insights from Diego Quesada, Country Manager of Pomelo Colombia & Perú. "With around 6 million Colombians traveling abroad each year, the possibility of using a single card to make all types of payments in different currencies has increased. It is the issuers in the FinTech sector, retailers, and new brands that are joining traditional players in offering this service," Quesada said.