Miranda’s Weekly Mex FinTech Monitor

Mexico FinTech News

Revolut seeks to be a top 3 bank in Mexico
Revolut is set to launch in Mexico, following its recent banking licence approval. CEO Juan Guerra highlights the significance of this milestone and the potential to become a top 3 bank in the next five years. The company aims to capitalize on Mexico’s large unbanked population, offering free, instant cross-border transfers and comprehensive financial services. Despite challenges in building trust and awareness, Revolut is actively recruiting and committed to driving financial inclusion and economic growth in the region

Revving Up for Revolut Mexico | Revolut United Kingdom

FinTech Embraces Bitcoin, Stablecoins to Innovate Client Services
FinTech companies like PayPal and Nubank are increasingly integrating cryptocurrencies such as Bitcoin and stablecoins into their platforms to enhance client services. PayPal has launched its PYUSD stablecoin on the Solana blockchain, leveraging its high transaction speeds. Nubank now allows customers to transact with Bitcoin, Ethereum, and Solana, responding to growing demand in Latin America. These moves aim to expand crypto utility in areas like cross-border payments and retail transactions, despite regulatory challenges and market competition.

Mexico Business News, 06/04/2024, Mariana Allende: FinTech Embraces Bitcoin, Stablecoins to Innovate Client Services

RappiCard reached one million cards in Mexico
RappiCard has reached one million cards issued in Mexico. The company plans to expand its services, focusing on automation, AI, and data technology to enhance customer offerings.

Marketing4Ecommerce, 06/04/24, María José Ramírez: RappiCard alcanzó 1 millón de tarjetas en México

Other news

Iupana, 06/06/24, Staff: México endurece las reglas para combatir el fraude en la banca, en medio de un alza de los ataques

FinTech Mexico, 06/05/2024, Staff: TransNetwork adquiere Inswitch para impulsar el futuro de la banca y los pagos digitales transfronterizos en América Latina


LatAm FinTech News

FinTech Dock announces its alliance with Visa to expand electronic payments in Colombia
Dock, a technology and banking company in Latin America, has announced a strategic partnership with Visa. This collaboration aims to strengthen Dock’s capabilities in the FinTech sector and expand its reach in the region.

Latam FinTech Hub, 06/06/2024, Staff: FinTech Dock anunció su alianza con Visa para seguir aumentando el uso de pagos electrónicos en Colombia


Nubank launches direct cryptocurrency transfers
Nubank, a leading Brazilian FinTech company, has launched a feature that allows its users to make direct transfers of cryptocurrencies. This move reflects Nubank’s efforts to diversify its services and meet the growing demand for cryptocurrency transactions among its customer base.

Latam List, 06/05/2024, Hellen Villena: Nubank launches direct cryptocurrency transfers

Other news

Latam FinTech Hub, 06/05/2024, Staff: FinTech Belo amplía su billetera digital para permitir a los usuarios latinoamericanos recibir pagos en dólares

Tekios, 06/06/2024, Redacción: Paytech ProntoPaga expande su plataforma de pagos a cinco países de Latinoamérica

Latam FinTech Hub, 06/05/2024, Staff: Gringo, la aplicación de gestión de coches, recauda US$28.5M para seguir acelerando su base de clientes en Brasil


Global FinTech News

Robinhood to acquire Bitstamp in $200m deal
Robinhood is set to acquire Bitstamp, a global cryptocurrency exchange, for approximately $200 million. This acquisition, pending regulatory approval, will mark Robinhood’s first institutional business venture and support its global expansion. Bitstamp, which holds over 50 licenses worldwide, offers reliable trade execution and advanced API connectivity. The deal will integrate Bitstamp’s services and its 85+ tradable assets into Robinhood’s platform, enhancing its crypto offerings. The acquisition is expected to close in the first half of 2025.

FinTech Futures, 06/07/2024, Cameron Emanuel-Burns: Robinhood to acquire Bitstamp in $200m deal

Visa and Mastercard set to pay $197m to settle US ATM fee lawsuit
Visa and Mastercard have agreed to a $197 million settlement to resolve a lawsuit in the United States over ATM fees. The litigation, which began in 2011, accused the companies of conspiring with banks to fix ATM access fees, effectively eliminating competition and keeping fees high for consumers. This settlement aims to compensate consumers and end the prolonged legal battle, marking a significant resolution in the financial services sector.

FinTech Futures, 06/03/2024, Tyler Pathe: Visa and Mastercard set to pay $197m to settle US ATM fee lawsuit

Other news

FinTech Futures, 06/06/2024, Cameron Emanuel-Burns: JP Morgan Payments head Takis Georgakopoulos to step down after 17 years at the bank

FinTech Futures, 06/05/2024, Cameron Emanuel-Burns: Dutch neobank Bunq enters partnerships with Mastercard and Nvidia

Nium Raises US$50 Million in Series E Round to Expand Real-Time Payments Global Infrastructure

Monzo Annual Report and Accounts 2024