Pomelo’s CEO Takes the Stage at FinTech México Festival 2025
Weekly news up to Wednesday, 5th of March 2025.
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👀 NEWS HIGHLIGHT
In the framework of the most important FinTech event in the country, Gaston Irigoyen participated in the panel “Mexico: the next great opportunity for digital banking in Latin America”.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Nayax acquires UPPay in Brazil for around $5.3m.
⭐️ 'Samsung Pay' joins Apple and Google Wallet with Lyra platform.
⭐️ Galicia adds 'Send Money Abroad' for international transfers in its app.
⭐️ Latin American FinTechs in the race to become unicorns.
BRAZIL
PagBrasil offers 1-Click Pix at checkout for Pix payments online. The solution allows retailers and ecommerce businesses to offer their customers faster and more convenient Pix payments. This move comes as the Central Bank of Brazil launches Pix with embedded authentication.
Brazilian SaaS startup Capim lands a $26.7M Series A. Capim plans to expand its financial offerings with a POS (point-of-sale) terminal that will offer clinics significantly lower merchant discount rates (MDR) while also integrating with its SaaS financial management module.
Belvo rolls out Biometric Pix in Brazil. By rolling out Biometric Pix, planned for 28 February 2025, Belvo aims to further improve the instant payment experience, providing scaled security, speed, and convenience for users and businesses. The solution includes financial institutions and ITPs.
Brazil’s OneKey Payments adopts Belvo’s Biometric Pix. With this technology, users can “authorize transactions quickly and securely using only their mobile device’s biometrics—eliminating the need for passwords or access to their banking app.
Trio buys PayBrokers to advance in online betting and gaming. The purchase aims to strengthen their position in this growing sector, with a focus on enhancing digital payment solutions for betting platforms. This move is part of their strategy to capitalize on the increasing demand for online gambling and gaming services.
Revolut customers in Brazil can now send and receive Pix. Customers can send and receive Pix quickly, for free, and 24/7, paying bills, making purchases, and transferring money with ease. Revolut states it is connecting Brazil to the world with innovative financial solutions.
Qred suspends operations in Brazil. The company had entered the Brazilian market aiming to provide credit solutions to small and medium-sized enterprises (SMEs). However, challenges such as regulatory complexities and market dynamics influenced the decision to halt operations in the country.
COLOMBIA
Credibanco and Dock launch instant payments solution in Colombia. The system will revolutionize transfers in the country with real-time payments, reducing transaction costs, eliminating waiting times, optimizing cash flow, and improving the overall payment experience.
“Cloud banking will be our innovation this year”: Fiserv. The company will introduce advanced solutions in digital payments, cloud banking platforms, and data analytics tools that will enable their clients to offer more personalized and secure experiences to their users.
MEXICO
Ualá launches a new payment terminal 𝙋𝙊𝙎 𝙋𝙧𝙤 with the lowest commission rate in Mexico (2.99%). POS Pro joins the current lineup of mPOS and payment link solutions Uala's already providing.
FinTech law loses strength and updates are necessary. According to Álvaro Vértiz, director for Latin America and the Caribbean at Grupo DGA, the arrival of new players drives the updating of the regulatory framework, allowing entities to migrate from one figure to another depending on the products they offer and based on their growth.