REPORT
👀 NEWS HIGHLIGHT
The company announced it has completed its acquisition of Pismo – a global cloud-native issuer processing and core banking platform.
With the transaction complete, the combination of Visa and Pismo will provide clients with core banking and card-issuer processing capabilities across all product types via cloud native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment schemes and RTP networks for financial institution clients.
📰 ARTICLE
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️Nu Mexico announced the integration of Dimo.
⭐️ Finbra Secures US$2.3M Financing Line to Continue Supporting SMEs in Mexico.
⭐️Brazil's Nubank trades above IPO price for first time in nearly 2 years.
⭐️ Spanish PayRetailers expands leadership team in Brazil.
BRAZIL
Paytech Stone authorized by Central Bank to operate as a Financial Institution in Brazil. In practice, the company now holds the same "status" as other fintechs that have become more prominent players.
Lina secures US$1.6M investment for developing new Open Insurance products. The start-up offers different services among them, sharing data and transactions quickly and securely.
COLOMBIA
RappiPay Exceeds 230K Clients in 2023, Aiming for US$257M in Balances by 2024 in Colombia. The company has a difficult portfolio indicator, as RappiPay we are no strangers to what has happened to the entire financial industry.
MEXICO
Nu México launches functionality for customers to receive money from the US. This strategic alliance with Felix Pago simplifies the process of sending money from the United States to Mexico.
Ualá México Emerges as the Fastest-Growing Fintech in the Country, Adding Over 140k New Clients in December 2023. The company is setting a positive trend in the local digital finance sector.
Bineo, the digital bank of Banorte, has entered the competitive market of digital banking in Mexico, commencing operations with savings accounts and loan services.
URUGUAY
Prometeo OpenBanking raises $13M from PayPal, Samsung Electronics and more to bring open banking to LatAm. Under that one API, so far, it has turned on some 350 channels across 283 financial institutions in 10 countries.