REPORT
👀 NEWS HIGHLIGHT
Banco do Brasil is to work with German firm Giesecke+Devrient (G+D) to test offline payments as part of pilot trials of its central banking digital currency, Drex. The tests will explore payment use cases using the Brazilian digital currency in situations where there is no internet connection or electricity grid.
It will also enable payments to be made in crisis situations, such as power or internet outages, where cash was previously the only option. One of the main goals of the project is to extend access to financial services to Brazilians with limited or no access to the Internet, by providing a complementary payment instrument to cash.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Andro has been acquired in its entirety by Infinity Capital.
⭐️ MeaWallet provides tokenization services for Mexican challenger Fondeadora.
⭐️ Ualá expects to be profitable in Mexico by 2026.
⭐️ FinTech YoFio closes US$10M financing round to boost microbusinesses in Mexico.
MEXICO
Prometeo Revolutionizes the Mexican Market With the Launch of Account to Account Payments, an Embedded Solution for Businesses to Receive Payments.
MOVERS & SHAKERS
Mastercard Appoints Kiki Del Valle to lead North Division for Latin America and the Caribbean. Kiki is a strategic and results-driven executive leader with more than two decades of experience in digital transformation, global product development, financial inclusion.