Ualá Launches A Secured Credit Card
Weekly news up to Wednesday, 25th of September 2024.
👀 NEWS HIGHLIGHT
DEUNA, a leading payment orchestration platform in Latin America, is teaming up with Hands In to offer split payment solutions to their merchants. This partnership will enable DEUNA to integrate Hands In’s Multi Card Payments and Group Payments into their checkout services.
By incorporating Hands In’s technology, DEUNA merchants can now offer customers the ability to split payments across multiple cards, overcoming barriers such as credit limits and insufficient funds. This feature is particularly valuable in industries with high basket values, such as aviation and luxury goods, providing a seamless checkout experience.
📰 ARTICLE OF THE WEEK
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Ualá launches a secured credit card.
⭐️ Nubank Signs Agreements with RJ and MG States, Expands TAM for Payroll Loans to 70%.
⭐️ Nasdaq expands digital bank presence in Latin America.
⭐️ Brazil’s Parabank partners Dock to launch inclusive card programme for people with disabilities.
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BRAZIL
Yolo Bank raises a $500K pre-seed round. Yolo Bank provides debit and credit cards, payment services, and uses AI to offer tuition discounts for students in Brazil. Funds will be used to enhance its AI technology and to hire new talent.
COLOMBIA
Stori, the Mexican FinTech unicorn, arrives in Colombia to combat “drop by drop” loans. The company aims to become a viable alternative to illegal credit options and plans to serve 350,000 Colombians in its first year.
MEXICO
Circle announces availability of stablecoin USDC in Brazil and Mexico via National Payment Systems with local currency. Fiat transfers through real-time payment systems accelerate “access to digital dollars.” Read more
MercadoLibre secures $250 million financing from JPMorgan to expand FinTech's credit profile in Mexico. The company said the financing deal will strengthen its commitment to Mexican small and medium-sized businesses, allowing the firm to reinvest and finance more businesses and individuals in the coming years.
URUGUAY
dLocal partners with Ontop to streamline payroll payments in high-growth markets. This strategic alliance will streamline currency conversion and improve payment efficiency in emerging markets. Continue reading