Who’s Driving eCommerce Spend?
In the late 90’s there was a popular bumper sticker “Think Globally, Act Locally,” that had all but disappeared by the mid-2000’s when their original owners bought Priuses, which successfully conveyed...
View ArticleBrazil’s The Bellwether For Mobile Payments
Brazil is one of the fastest-growing payments markets in the world, with the most developed card market in Latin America and boasting 70 percent of the total ecommerce transactions in the region — and...
View ArticleAdyen Raises Quarter-Of-A-Billion Dollars
Global payments vendor Adyen on Tuesday (Dec. 16) said that it has closed $250 million in new funding, led by global growth equity investor General Atlantic, with additional participation from Temasek,...
View ArticleMozido Acquires CorFire
http://www.pymnts.com/wp-content/uploads/2014/12/Mozido-Podcast.mp3 America’s greatest musical treasure Elvis Presley once sang that what he needed was “a little less conversation, a little more...
View ArticleWalmart’s Mexican Mini-Grocers
Walmart’s big-box stores in Mexico are suffering from flat sales, but at the global retail giant’s mini-grocer format, called Bodega Aurrera Express, sales are now growing at 12 percent a year,...
View ArticlepeerTransfer Raises New Round – Disrupts X-Border Tuition Payments
Global payments firm peerTransfer announces today (January 13) that it closed a major funding round and hit a key profitability milestone. peerTransfer is an efficient, cost effective and transparent...
View ArticleP2P Payments Player TransferWise Picks-Up $58M
TransferWise has snagged a big pile of investment dollars in a round led by one of the Facebook’s earliest backers, Andreessen Horowitz. The UK-based P2P money transfer startup and Facebook have...
View ArticleLatin American Mobile Smart Wallet Gets $19M In New Funds
Last month, PayPal found itself with a new competitor in Latin American mobile wallet startup Yepex. Now, Yellow Pepper, the company that started that mobile wallet, got some extra funding that could...
View ArticleMasterCard And Microsoft’s Micro Merchant Innovation
For financial inclusion efforts to be effective, MasterCard CEO Ajay Banga said last week at Mobile World Congress that it will involve private and public partnerships. Last week (March 5), MasterCard...
View ArticleBorder Branches Closing Over Dirty Money Concerns
Concerns over human and drug trafficking have led some big banks to make an extreme move in an attempt to avoid illegal money that is flowing over the border (or, more accurately, crawling under the...
View ArticleRemitly’s Mexican Expansion And Changing How Money Moves Around The World
Despite being worth over half-a-trillion dollars annually, remittances are an oddly invisible part of the payments ecosystem to most people — even those who otherwise know it quite well. We all might...
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Global Payments: A Quietly Quirky World
Consumers in the developed world tend to think of their financial systems as complex, particularly as compared to the developing world. And while that is not an entirely incorrect perception, it might...
View ArticleRocket Internet Sheds Four Food Businesses
German startup accelerator Rocket Internet is slimming down its food delivery business with the sale of four of its companies for about $140 million in cash. The four companies, which include online...
View ArticleThe Business And Politics Of Pricing Trips To Cuba
President Obama’s official state visit to Cuba marked the first time the top elected U.S. official had done so in nearly 90 years. Despite the time between trips, Air Force One still managed to...
View ArticleInflation-Wracked Venezuela Pulling Largest Bills Out of Circulation
Facing some of the highest inflation in the world as part of a deepening ongoing financial crisis, Venezuela will be pulling its largest bill from circulation this week as it prepares to introduce new,...
View ArticleWill Trump’s Wall Kill Remittances To Mexico?
Remittances — cash payment into Mexico from expats living in the U.S. — are a national cash cow. In fact, remittances are the largest source of cash that comes into Mexico — and they may now be...
View ArticleLATAM Now Airbnb’s Fastest-Growing Market
Historically, Airbnb hasn’t had the best rapport with the markets it enters (and disrupts). It has often found itself at odds with housing regulations and the interests of both legacy hoteliers and...
View ArticleBrazilian FinTechs Prohibited From Borrower Deposits
The Brazilian Central Bank has floated a proposal that would let FinTechs lend money but which would also curtail them from taking deposits, as might be seen in a traditional commercial banking...
View ArticleAlipay Partners With Openpay In Mexico
Pushing its footprint even deeper into the Americas, Ant Financial’s Alipay — China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers — announced news...
View ArticleLetting The Air(TM) Out Of Venezuelan Hyperinflation
The U.S. dollar may not be a universal currency, but there are some who would prefer to be paid in the currency anyway, even if it’s not the coin of their home country. That’s because some developing...
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