Uruguay’s current government has been pushing for financial inclusion and putting in place new banking laws that support the use of electronic payments, among other measures.
Read MoreFintech in Uruguay: The Silicon Valley of South America
Category: Latin America
FinTech in Chile: Big Data for SMEs and Ethical Banking
Chile’s biggest challenge for the banking sector and specially for FinTechs is to make people move their money from “under the mattress” to a bank. Being innovative with disruptive solutions is a game changer for Chilean FinTechs.
Read MoreNo IKEA in Brazil: local furniture brands pose fierce competition
So, why is Brazil the odd-one-out in the IKEA’s emerging markets success? The reasons are many
Read MoreFinTech in Argentina: turbulent economy brings opportunities for startups
Argentina has a very different economic history than its neighboring countries like Brazil. The Argentinian banking industry is broken and more FinTech startups are challenging the status quo, despite many hurdles.
Read MoreFinTech in Colombia: Ready for financial inclusion
Just behind Brazil and Mexico, Colombia has become very attractive for FinTechs. The growth rate of the Colombia FinTech industry has reached 60% in 2019 (20% more than the regional average).
Read MoreFinTech in Mexico: surge in digital banking targeting Millennials and Gen Z
Mexico’s FinTech landscape is as diverse as Brazil’s, with the payments & remittances sector as the biggest, followed by consumer lending in the number of FinTech
Read MoreThe Future of FinTech in Brazil: digital maturity and verticalization
Latin America FinTech series – To understand the future of Brazil’s FinTech landscape we need to look at the present situation.
Read MoreFinTech in Brazil: Challenger banks unlocking credit to millions of people
Latin America FinTech Series –
Unlocking credit for millions would be essential for Brazil’s economy. So, how does a FinTech do this when most of clients don’t even have a credit history to begin with?
Read MoreBrazil: Telegram exponential growth despite WhatsApp monopoly
WhatApp is the most used messaging app by Brazilians, but Telegram is already present in 35% of mobile users, report shows.
Read MoreHow Covid-19 helped decrease the unbanked population in Brazil
The Brazilian government announced a financial support scheme aimed at self-employed and informal workers that had their incomes affected by the coronavirus (Covid-19) crisis. Brazil has a large population of informal workers: those who work cash-in-hand jobs, with no formal work contract. They are mostly unskilled or semi-skilled workers eg. street vendors, service providers like cleaning and home repairs. The financial support will come from state owned bank Caixa Economica Federal. Individuals under the scheme criteria have to open an account with Caixa to receive its benefits. The process is…
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