REPORT
Key Findings in the Study Include:
‣ 50%: Share of brick-and-mortar shoppers in Brazil who use smartphones while shopping in-store.
‣ 57%: Share of brick-and-mortar shoppers in Brazil who cite immediate availability as a reason for shopping in-store.
‣ 23%: Portion of shoppers in Brazil who shopped paid for their most recent purchase entirely via mobile.
👀 NEWS HIGHLIGHT
Stripe announced that it would open a new centralized operations center known as a Delivery Center in Mexico.
To staff the new hub, Stripe plans to hire 100 new employees over the next 36 months in multiple areas including cybersecurity and customer service to meet local and international demand, supporting external users and internal teams.
💡INSIGHTS
According to a new Mastercard study on Latin America financial inclusion, seven out of 10 crypto holders started accessing these digital assets for the first time in the years following the COVID-19 pandemic.
The company currently has the largest number of PJ users with an open bank account in the country, with a 60% growth in the last year.
In a survey conducted in May this year, 58% of PJ customers said they use Nubank as their primary account.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️Belvo and FICO partner to expand credit access in Brazil through open finance.
⭐️Asaas raises $20.9M in Series B round extension.
⭐️Fivvy secures a $4M investment to begin operations in LatAm.
BRAZIL
Nubank completes all mandatory steps for the payment initiator status. Nubank can now perform the initiation of Pix payment transactions within the framework of Open Finance Brasil.
Nubank launches a program that allows customers to present themselves with an insurance policy.
COLOMBIA
AAvance, the new wallet for the Colombian returnee population and Venezuelan migrants, arrives in Colombia. For Colombians, only the national identification card (cédula de ciudadanía) will be required as the first requirement.
MEXICO
Tapi strengthens its position in Mexico to transform the payment experience of the local fintech ecosystem.
Accesa México Pagos Digitales has been authorized by the National Banking and Securities Commission (CNBV) to function as an Electronic Payment Funds Institution (IFPE).
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.