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Tag: Mercado Libre

Fintech Nexus Newsletter (May 3, 2024): Coinbase reports a blowout first quarter

As the price of bitcoin goes, so goes Coinbase. Bitcoin hit an all-time high in the first quarter, and Coinbase reported its best-ever results. The company made...

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LatAm neobanks surpass breakeven, signal maturing market

Digital banks in Brazil and Latin America performed strongly in 2023, even as interest rates and a risk-aversion scenario in venture capital put pressure...

How a fintech created the first digital bank in a Brazilian favela

Brazilian favelas, renowned for their vibrant culture and the scenic backdrop against Rio de Janeiro’s rounded hills, are so much more than just tourist...

Fintechs transform banking landscape in Argentina, reaching full population coverage

Argentina’s financial system, with a huge boost of fintech in recent years, is approaching full coverage of its population, its central bank said in...

Latin America Takes the Lead as Stablecoin Global Settlements Reach $7 Trillion

Circle recently reported that the global settlement volume of stablecoins reached $7 trillion last year, nearly half the $14 trillion settled by financial powerhouses...

How a Milei presidency could boost Argentine fintech

The surprising victory of libertarian Javier Milei in Argentina’s presidential elections has injected fresh optimism into the fintech sector. Industry leaders are hopeful for...

German N26 exits Brazil amid fierce digital banking competition

Two years after arriving in Brazil, neobank N26 has announced intentions to pull out of its Latin America endeavor. The German digital bank, one of...

Amazon Kinesis Data Streams: celebrating a decade of real-time data innovation | Amazon Web Services

Data is a key strategic asset for every organization, and every company is a data business at its core. However, in many organizations, data...

Mercado Libre’s Q3 profit soars on strong commerce in Mexico, fintech growth

Latin America’s leading e-commerce site, Mercado Libre, reported a surge in third-quarter profits. The company booked $359 million in net income, up 178% from...

LatAm neobanks defy challenges, report growing Q2 profits

Latin American publicly traded neobanks reported strong results in the second quarter, a sign that the buoyant fintech sector continues to grow even as...

Circle’s CEO Says the Firm Is ‘On the Path’ to Become a Public Company

As Circle progresses on its path, the company is strategizing to tap into the extensive market potential that lies ahead. ...

Nubank, fintechs take the lead in Open Finance in Brazil

The Central Bank of Brazil envisaged Open Finance as a game changer for the financial system. After two years, it is finally taking off,...

Walmart looking to grow aggressively into fintech in Mexico with recent acquisition

Walmart Mexico, one of the largest publicly traded companies in the country, has recently unveiled a new fintech strategy that is bound to make...

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