Western Union and Pago Fácil Launch Their Card Powered by Pomelo
Weekly news up to Wednesday, 3rd of December 2025.
👀 NEWS HIGHLIGHT
According to the Central Bank. “The result is yet another demonstration of the importance of Pix as a public digital infrastructure for the functioning of the national economy,” says the Central Bank in a statement.
NOW, ON TO THE SUMMARY OF LAST WEEK’S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Western Union and Pago Fácil launch their card powered by Pomelo in Argentina. This new offering aims to provide a safer, more convenient, and cashless alternative for those who currently rely on cash. The card powered by Pomelo allows users to receive remittances or loans directly into a digital account, eliminating the need to handle banknotes or carry large sums of money.
⭐️ Nubank is negotiating naming rights for Inter Miami’s future stadium. According to Josette Goulart in her newsletter, a digital bank led by David Vélez is close to finalizing a ten-year contract with Messi’s team, worth up to US$190 million over the period; Nubank declined to comment.
⭐️ Mercado Pago Chile is betting on being the primary provider, not on banking. Mercado Pago wants to distance itself from any local banking model, but its growth, efficiency, and business plans are pushing it to operate like one. The Head of Legal said that becoming a bank is not a priority for the company, but that financial authorities and its market share could force it into that role.
⭐️ Movii enters Peru as a new acquirer, seeking to connect payment aggregators to a 100% technological infrastructure that competes with traditional players. The entity has invested US$2.2 million, which will be used primarily to grow in the world of railway card acquisition and real-time rail payments.
BRAZIL
Paysafe enables Brazilian gamers to pay for Boosteroid by Pix. Through Paysafe, Brazilian gamers wanting to access Boosteroid’s extensive collection of video games can now pay for their subscriptions using Pix, the country’s most popular payment method, as well as by Boleto Bancário.
Nu Empresas launches Collections Assistant, a complete and free billing solution to eliminate operational effort and give entrepreneurs more confidence. With it, Nu Empresas clients gain greater control over their receivables, optimising this management, preventing payment delays, and improving cash flow.
Nubank hires talent from Dex Labs and reinforces its data and AI strategy. The hiring of the Dex Labs team reinforces Nubank’s ongoing investment in data and AI capabilities, aiming to continue advancing the global disruption of financial services, enabled by advancements in artificial intelligence.
The Central Bank will authorize tests of a system that could generate R$10 trillion in RWA tokens in Brazil. With the approval of the Central Bank, the system is now undergoing supervised testing. This phase will last up to 120 days and includes simulations of the issuance, registration, settlement, and monitoring of digital promissory notes.
PicPay enters the high-income segment with the Epic brand. The portfolio includes a Black card with up to 4% cashback and the option to split international purchases into up to three interest-free installments. In a statement, the bank reported that more than 2 million customers already fit the high-income profile.
The Central Bank of Brazil prohibits financial institutions from using names unrelated to their activities. The regulation will affect Nubank, which is authorised to operate in the country as a payment institution, but not as a bank. The measure comes into effect immediately and will have an adjustment period.
ARGENTINA
Reaquila and Pomelo roll out a new worker card in Argentina. This initiative aims to formalise a sector that handles over USD 1 billion annually and could meaningfully increase monthly income for recyclers through digitalisation, transparency and fairer pricing.
COLOMBIA
Nu Colombia doubles its customer base and reaches 4 million users in just one year. The company reports a presence in 100% of the country’s departments and more than 95% of its municipalities, a reach superior to that of several traditional banks with decades of operation.
MEXICO
Nu and Revolut lead FinTech quest for Mexico’s middle-class wealth. Their arrival is shaking up one of Latin America’s most competitive financial markets and pressuring major lenders to modernise, though newcomers will face tough regulators, weak infrastructure and fierce competition from both incumbents and local FinTechs.