The central bank of Mexico is in talks with Amazon to launch a new mobile payment system, backed by the state. That would allow consumers to pay for purchases online using QR codes, said the general director of payments of the bank. It would be the first time that Amazon,…
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Mexico lagged behind Brazil as an investment destination for venture capital funds. With 201 investments in startups and 1.4 billion dollars invested in 2017 and the first half of 2018, Brazil became the Latin American leader in attracting venture capital. Capturing 73 percent of the amount that was exercised in…
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Mexico had in 2018 one of the most scandalous events in the banking industry. Between April and May of that year the Bank of Mexico (Banxico) estimated the theft of between 300 and 400 million Mexican pesos (from 15 to 20 million US dollars). Almost a year after the incident,…
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In Mexico, traditional banking has had difficulties in offering high-level service, especially in the digital age. In fact, only 35% of Mexicans who have a bank account have stated that their bank offers good products and services. In this way fintech have a great potential to improve this problem, and…
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In the framework of the activities that took place during the South by Southwest SXSW 2019 festival, some exponents agreed that Latin America has become less than five years old in a market of opportunities for small businesses. This is despite the fact that everyone knows that competing against the…
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Yotepresto, a collective financing platform that connects people who need a loan with investors. It has raised resources for 1.8 million dollars from the Variv Capital, Redwood Ventures and Tonk Capital funds. Its goal this year is to place 500 million pesos in new loans and, for this, it will…
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Every day the adoption of cryptocurrencies becomes more visible in different societies. The enthusiasts of Bitcoin, Ethereum, Ripple, etc., are constantly increasing, and the financial authorities of each country are aware of this. However, many of these institutions have reservations about digital currencies and have preferred. This is due to…
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Mexico’s development opportunities are enormous and go beyond the economic and political environment it faces, assured the global CEO of International Personal Finance (IPF), Rami Ryhannen. In this sense, the Estonian executive stressed, Mexico has a very large population to which it is necessary to bring financial services closer, so…
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Bitcoin in Mexico is developing fruitfully. However, there are conflicting views on whether the use of Bitcoin should be promoted or not. It seems that some regulators and financial institutions do not like the existence of Bitcoin very much, while the crypto community in Mexico is doing more and more…
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GoTrendier and Chicfy merge to create the largest second-hand clothing buying and selling platform in Latam and Spain The companies are leaders in Mexico, Colombia, and Spain, with more than 8 million users. GoTrendier the largest merger of fashion buying and selling startups in the Spanish-speaking market. Driven by the…
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