Yuno Unveils Payout at Money 20/20, Revolutionizing Payment Orchestration With a Unique End-to-End Solution
Weekly news up to Wednesday, 30th of October 2024.
👀 NEWS HIGHLIGHT
Yuno, the world’s leading payment orchestrator, announces the launch of Payout, a groundbreaking new feature designed to simplify the full spectrum of global payment work streams for merchants.
With this feature, the Yuno platform now handles both pay-outs and pay-ins, making it possible for all payment flows to be managed and optimized with one user-friendly, end-to-end solution.
📊 INFOGRAPHIC
There were an estimated 𝟱.𝟱 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 Pix transactions in Sept 2024 - 41% more than Sept 2023 .
Let's dive into more mind blowing info & Stats by reading the full report by Matera
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Finastra Accelerates Its International Growth With New Office in Guadalajara.
⭐️ Yape and TerraPay join forces inn Peru to accelerate digital inclusion.
⭐️ Recurring Scheduled Pix becomes mandatory from today.
⭐️ Osigu’s $25m Series B to help revolutionise healthcare payments in Latin America.
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BRAZIL
Agrolend raises $53M in series C round. The company plans to expand its credit offerings to small and medium-sized farmers, in partnership with resellers, cooperatives, and agricultural input and equipment industries.
FinTechs’ IPO valuations can look beyond Nubank. The $70 billion Brazilian financial group has become the go-to valuation benchmark for a host of digital “neobank” players keen to become publicly listed companies. For the likes of Revolut, Chime and Monzo there's just one catch: as listed comparisons go, Nubank leaves something to be desired. Find out more
PagBank, C6 Bank, and Inter lead the Central Bank of Brazil’s ranking for customer complaints in the third quarter of 2024. Following these three digital banks, Itaú ranks fourth on the list of the 15 largest banks and payment institutions. Link here
ARGENTINA
Nubank is taking new look at Argentina under Milei, CEO says. David Velez said that Nubank “will watch” Argentina over the next 12 months. The company is “taking a new look” toward Argentina under president Javier Milei, Velez said in an interview at the Bloomberg New Economy at B20 in Sao Paulo.
"Before the end of the year, we’re going to announce something big in that space because we think there’s a huge opportunity for machine learning and for AI specifically," according to Ualá's Pierpaolo Barbieri. Watch more
COLOMBIA
Nu Colombia will be offering Bre-B in Colombia. Bre-B is an instant payment system coming to Colombia in 2025, enabling transactions in seconds. It works between any bank or digital wallet, regardless of the financial institution. Designed by Banco de la República, Bre-B allows all Colombians to move their money easily, quickly, and securely at any time.
MEXICO
Kuady expands digital wallet services into Mexico, boosting financial access across Latin America. Kuady's launch in Mexico marks its continued growth in Latin America, expanding market access and enabling seamless cross-border transactions, with more countries added monthly.
Clothing retailer Shein launches its first branded credit card worldwide with Mexican FinTech Stori, the firms said on Tuesday, touting synergies that should help both expand in Latin America's second-largest economy. The push aims to attract more Mexicans to the credit market while drawing shoppers to the low-cost retailer's website.
ebankIT selects MX as open banking partner to provide secure data access to financial institutions in North America. ebankIT's omnichannel tech and MX's Data Access help banks offer personalized digital banking by enhancing consumer insights to improve service and meet needs.
Mexican watchdog proposes FinTech reforms to boost financial inclusion. The Federal Economic Competition Commission (Cofece) has proposed a series of changes seeking to ensure that more Mexicans gain access to better and more affordable financial services.
MOVERS & SHAKERS
Bitso appoints Aimee Fearon as its new Chief Financial Officer. Throughout her career, Fearon has accelerated company growth by driving value creation, raising capital, and building strong teams and alliances with strategic investors.