brazil

Nubank Defends Lending Practices as Late Payments Jump
Nubank Defends Lending Practices as Late Payments Jump
September 05, 2024  |  Loans

Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth,...

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Boomers Go Digital: The Surprising Rise of Digital Wallets Among Brazil’s Older Consumers
Boomers Go Digital: The Surprising Rise of Digital Wallets Among Brazil’s Older Consumers
September 05, 2024  |  Digital Payments

Consumers in Brazil are embracing their digital wallets for making payments. Almost half of consumers use them for paying bills, for example. Surprisingly, it is...

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PayPal-Backed Ume Raises $15 Million to Expand Payment Network
PayPal-Backed Ume Raises $15 Million to Expand Payment Network
September 04, 2024  |  Investments

Brazilian FinTech Ume has raised $15 million in a Series A funding round to expand its payment network and merchant services platform for small and...

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Can Stablecoins Spark Crypto Adoption Across Retail and B2B Markets?
Can Stablecoins Spark Crypto Adoption Across Retail and B2B Markets?
August 26, 2024  |  Cryptocurrency

The cryptocurrency sector has long been in search of gateway use cases to accelerate adoption. News broke Friday (Aug. 23) that Wyoming is reportedly developing...

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Mango and Farm Rio: Targeting US Consumers With Global Appeal and Local Relevance
Mango and Farm Rio: Targeting US Consumers With Global Appeal and Local Relevance
August 19, 2024  |  Retail

In the competitive arena of international fashion, Mango and Farm Rio are each pursuing distinct strategies to capture the U.S. consumer market. Both brands, hailing...

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Exclusive: Mercado Pago CEO on Building Brazil’s Biggest Digital Bank
Exclusive: Mercado Pago CEO on Building Brazil’s Biggest Digital Bank
August 16, 2024  |  Digital-First Banking

Most countries measure banking activity in terms of where and how it happens. Hence distinctions such as in-branch, ATMs, online and mobile. But in Latin...

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Nuvei Set to Acquire Brazil’s Pay2All
Nuvei Set to Acquire Brazil’s Pay2All
August 05, 2024  |  Acquisitions

Canadian payments FinTech Nuvei is set to acquire Brazilian payments institution Pay2All. The deal, announced Monday (Aug. 5), is designed to expand Nuvei’s capabilities in...

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Brazilian Receivables Marketplace Monkey Exchange Raises $11 Million
Brazilian Receivables Marketplace Monkey Exchange Raises $11 Million
August 04, 2024  |  Loans

Brazilian online marketplace Monkey Exchange has reportedly raised $11 million in new funding. As The Brazil Journal reported, the financing comes at a pivotal moment...

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Brazil’s Central Bank Delays Launch of Pix Recurring Payments Feature
Brazil’s Central Bank Delays Launch of Pix Recurring Payments Feature
July 22, 2024  |  Real-Time Payments

Brazil’s central bank has delayed the launch of a recurring payments feature that will be added to its Pix instant payment system. The feature, Automatic...

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