Logo Contxto

Banking

MercadoLibre Kicks Off Talks to Apply for Mexico Banking License

MercadoLibre Inc., a leading e-commerce and fintech company, has initiated discussions with Mexican authorities to apply for a banking license....

May 21, 2024

Nubank Eyes Expansion in Mexico Amid Q1 Revenue Surge

Nubank reported record revenue of $2.7 billion in Q1 2024, with a net income of $378.8 million, surpassing the $357.3...

May 16, 2024

Nubank Reaches 100 Million Customers Milestone

First digital banking platform outside Asia to hit this number, celebrating with a unique tech-driven campaign in Brazil, Mexico, and...

May 8, 2024

Santander Boosts Private Banking Team, Targets Growth in Miami, Mexico

Banco Santander hires 40 new bankers to expand service for high-net-worth clients, aims for increased assets under management.

May 6, 2024

TBD Launches Global SDKs for tbDEX, Expands in Latin America

Jack Dorsey's TBD introduces software kits for decentralized transactions, partnering with Latin American fintechs to enhance financial inclusivity.

April 17, 2024

Konfío Seeks Banking License to Boost SME Credit Services

Fintech unicorn Konfío aims for banking license to expand offerings to small and medium-sized businesses in Mexico.

April 17, 2024

Nubank Colombia secures $150M from DFC to boost access to credit and digital banking

The U.S. International Development Finance Corporation approved the loan to support Nu Colombia's expansion of credit card operations and digital...

April 10, 2024

PayRetailers obtains payment institution license from Brazil’s Central Bank

The approval enables the company to offer new services to local and cross-border clients, including the recently regulated online gaming...

April 9, 2024

Clara Hits Over $2 Billion in Digital Transactions in Mexico

CEO Gerry Giacomán Colyer highlights the transition from startup to a major player, emphasizing agility and a strong business model.

March 27, 2024

Nu México Trims Savings Account Yield to 14.75%

Following Banco de México's rate cut, Nu México adjusts savings yield, impacting fintech sector strategies and possibly setting a trend.

March 27, 2024