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Payments Group PayU Finalises Acquisition of Colombia’s Ding to Expand to LATAM

Netherlands’ PayU has received the endorsement of Colombian regulatory authorities to acquire local electronic payment and deposit specialist Tecnipagos, better known as Ding. Based in Bogota, Ding allows merchants to make electronic deposits like they would with a savings account,

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Colombian Proptech Habi Attains Unicorn Status With US$200 Million Series C

Habi, a Colombian data-driven residential real estate platform, announced that it has raised US$200 million in equity in its Series C funding round, The company said that it is the first proptech unicorn with a female founder and CEO in

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Colombia Fintech: Underdeveloped Wealthtech, Banking Tech Sectors Are an Opportunity

In Colombia, underdeveloped fintech segments including investment management/wealthtech and banking infrastructure represent a market opportunity for Swiss fintech companies, which have over the years build up expertise and competencies in both areas, a new report by Swiss governmental agency Switzerland

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Momentum Continues in Colombia’s Fintech Ecosystem

Colombia’s fintech sector is growing at a fast pace with now more than 320 companies operating in various segments ranging from online lending and digital payments, to business finance and wealthtech. This makes Colombia the third largest fintech hub in

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EPAM Acquires Colombian Software Firm S4N for Its Latin America Expansion

EPAM Systems, a US-based provider of digital platform engineering and development services, has acquired S4N, a Columbian software development services firm specialising in the design and development of modern software products and enterprise platforms. The move is a part of

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Warren Buffett-Backed Nubank Crosses 70 Million Users

Nubank has reached 70 million customers in Latin America, with 66.4 million users in Brazil, 3.2 million in Mexico, and more than 400,000 in Colombia — making it the fifth largest financial institution in Brazil in terms of number of

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Digital Banking and Insurtech Among Fastest-Growing Fintech Segments in Latin America

The fintech ecosystem in Latin America (LatAm) has risen quickly over the past couple of years with sustained growth observed in all segments and in the number of active fintech companies, a new report from the Inter-American Development Bank (IDB)

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The Super App Model May Not Be Suitable for the US Market

Super apps may be widely popular in Asia and quickly gaining ground in Africa and Latin America (LatAm), they have little chance to succeed in the US because of lacking consumer interest, cultural barriers as well as data privacy and

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Foreign Fintech Companies Flock to Peru

Peru’s fintech industry is expected to get a boost this year, driven by favorable regulatory developments and rising demand for more accessible and inclusive financial services. Javier Salinas, director of Emprende UP, the center for entrepreneurship and innovation of the

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Argentina Paves the Way for Open Banking

In Argentina, the central bank is paving the way for open banking, introducing new regulation and initiatives to encourage digital payments and enable interoperability. New measures for regulating virtual wallets were adopted in May 2022 by the board of Banco

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