Unlimit and Pagaloop Partner to Simplify Expenses for SMBs in Mexico
Weekly news up to Wednesday, 20th of November 2024.
👀 NEWS HIGHLIGHT
Paymentology, the leading global issuer processor, announces a strategic partnership with Mexico’s leading digital bank, albo, aimed at accelerating the FinTech’s growth and strengthening its market position across personal and business finance.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Unlimit and Pagaloop partner to simplify expenses for SMBs in Mexico.
⭐️ Uruguay passes law regulating crypto, could set precedent for rest of Latin America.
⭐️ Santander launches digital bank in Mexico.
⭐️ Nubank launches cryptocurrency swap tool in its app.
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BRAZIL
Nubank has reached 𝟭𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 customers in Brazil, a number that represents 57% of the adult population in the country. In the third quarter of 2024, Nu’s business model once again demonstrated its capability of combining growth and profitability. Click here to learn more
Wise Platform Announces Partnership with Grupo Travelex Confidence in Brazil. Through this collaboration, Travelex Confidence will now offer a global account through its app, using Wise Platform’s infrastructure to provide a simpler and more cost-effective global financial experience for its Brazilian customers.
Hunter Pay, the FinTech arm of the car rental company Hunter, is entering a new phase. Starting next year, it plans to raise investments through a Credit Rights Investment Fund (FIDC). This move aims to solidify its business model, which connects app drivers with investors looking for returns through vehicle rentals.
MEXICO
Bitso enables Bitcoin transactions via Lightning for all its customers. This integration strengthens Bitso's existing flow by allowing its users to receive bitcoin payments more easily and economically, exchange it for FIAT currencies, and withdraw their money.