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The drive towards a strategic alliance between fintech and banks emerges as the key catalyst for economic growth and financial inclusion in Latin America. With the support of data that reveals notable progress in the adoption of digital solutions, led by fintech, the region is preparing to take a significant leap towards an interconnected and collaborative regional financial ecosystem.

Latest news

Fuente: El Economista
Remittance shipments to Mexico totaled US$ 14,105 million in the first quarter of 2024

Between January and March of this year, the flow of remittances had an annual growth of 1%; However, it is the lowest observed for a similar period since the drop observed in 2013.

Fuente: COFIDE
COFIDE, Peruvian development bank, issues social bond for US$ 300 million

After four years without issuing in international markets, this new issue obtained an oversubscription of 4.3 times, with a historical record of spread against the sovereign.

Fuente: El Economista
Lower consumption in the US caused a 2.9% decrease in Mexican exports in March

Even so, the Aztec country remained the first partner of its northern neighbor in merchandise trade, with a share of 15.8%, followed by Canada and China.

Bancolombia. Foto: Reuters.
Bancolombia enters the world of cryptocurrencies with Wenia

As explained by Juan Carlos Mora, president of this business group, the operation of this platform will be intermediated by a crypto asset that they created and which they called COPW.

F1. Foto: Europa Press.
Globant and Formula 1 join forces to promote the digital experience in racing

The first two projects of this collaboration will focus on improving the current pit wall system, a key source of information for racing teams, and enriching the mobile application experience for fans.

Mexicana. Foto: Reuters.
Mexicana de Aviación increased its subsidy by 1,030% by 2024

Among the benefits to be obtained with the requested resources are: covering unmet demand, shorter waiting time for users to obtain a flight in high season, competitive prices, greater range on routes, greater options for fast and efficient transportation, and generation of employment.

Startups. Foto: Unsplash.
'Unicorns' tend to lose value immediately after going public

A study conducted at the University of Chile revealed that the stock market tends to pay around 7% more for companies that do not have the label.

Santiago de Chile. Foto: Unsplash.
Chile registered growth of 0.8% in March, more discreet than the previous month

The result of the Monthly Index of Economic Activity (Imacec) was explained by the increase in mining and other goods, offset by the falls in commerce and industry.

Fedexpor vía X.
Ecuador and China formalize trade agreement with announcement of import fair

The participation of phytosanitary authorities is proposed to better understand options so that products that are already considered can enter the Asian giant.

remesas Global66
Peru: studies abroad and imports drive money transfers in the first quarter of 2024

According to a report from the remittance fintech Global66, sending money from the Andean country increased by 126% compared to the same period last year; The main markets being Colombia, Chile and Spain.

Captura de pantalla AMLO
President of Mexico signs decree to create the Pension Fund for Wellbeing

"The idea is that the universal pension continues to increase to guarantee the basics, food, for example, that the purpose we have is achieved, in that we are going to make a lot of progress," said Andrés Manuel López Obrador within the framework of Labor Day. .

Foto Andina
The Government of Peru will evaluate an increase in the minimum wage in the second half of this year

The Minister of Labor, Daniel Maurate, explained that this measure will depend on the recovery of the economy.

cencosud shopping
Cencosud Shopping increases its net profit by 82.1% this first quarter of 2024

The results are mainly explained by the increase in the gross leasable area by more than 20,000 square meters and by its high occupancy rate of 98.3%. The holding company 's real estate subsidiary is embarking on a process of expanding its shopping centers in Chile and Peru.

México. Foto: Reuters.
Moody's Ratings forecasts relief for banks and companies in Latin America in 2024

The four main issues that will influence credit quality are: higher interest rates sustained over time, reforms and regulations, adaptation to structural changes and polarization.

Fuente: Reuters
BBVA resumes negotiations to merge with Sabadell bank

BBVA confirmed in a communication sent to the CNMV and the BMV that it sent Sabadell a formal letter with its interest in starting negotiations to explore a merger between both financial entities.

Fuente: Reuters
Peruvian government talks with companies about the possibility of exporting beef to China

In a space of five years, the Andean country could export poultry, pork and beef for US$3 billion.

Spencer Friedman, CEO de Rappi en Perú y Ecuador
“In Peru, we already are profitable and have demonstrated that our business model is sustainable”, Spencer Friedman, CEO Rappi

The super app of Colombian origin has made positive numbers for the first time since it landed in the South American nation, in 2018. The implementation of the Turbo service and multi-verticality have been key in the process.

Inversionistas. Foto: Unsplash.
Investors resume favorable perception of the Chilean economy for the next 12 months

Two out of three investors showed a favorable level of expectation towards raw materials, which corresponds to an increase of 30 pp compared to the previous quarter.

Mex. Foto: Reuters.
Mexico's GDP grew 0.2% in the first quarter

The industrial sector concentrated on secondary activity registered a second consecutive quarter of contraction, according to Inegi.

Julio Farías crédito foto Zerviz
Zerviz's Julio Farías: “There are few companies dedicated to customer experience in the United States"”

The Chilean user experience firm is looking to expand into the North American market and, to that end, has gone out to seduce investors. The CX sector is well worth it, with an expected growth of 15% annually, driven by technologies such as AI.

Energía Ecuador. Foto: Reuters.
Ecuador reduces energy deficit with power purchase agreement with Colombia

This will allow power outages for the next few days to be just two hours, and on Friday there are expected to be no interruptions.

Avianca. Foto: Reuters.
Avianca comes out of losses in the first quarter and earns US$ 13 million

As reported by the company, sales grew by 16.4% year-on-year in the first quarter, reaching a turnover of US$ 1,265 million.

AMLO. Foto: Reuters.
Large companies in Mexico alarmed by reform of the Amparo Law

The Executive Council of Global Companies (CEEG) asked President Andrés Manuel López Obrador to analyze the opinions of experts and civil associations on the negative impact.

Chile. Foto: Unsplash.
Unemployment in Chile fell to 8.7% in the first quarter

The sectors that contributed to the increase in the employed population were commerce (5.1%), public administration (6.8%) and households as employers (12.5%).

Crédito foto Reuters Pemex corporativa
Pemex transformation: cuts crude oil shipments and ramps up refineries

After years of delay, Pemex finally showed signs of greater dynamism towards meeting its ambitious transformation goals, which ultimately aim to process domestically all the oil it produces. The oil company reduced its exports volume by 29.3% to a low of 687,814 barrels per day.

Fuente: Bitso
Briq.mx platform will use Bitso technology to improve payments in real estate investments

Crowdfunding companies regulated by the Fintech Law in Mexico need to comply with a series of requirements that protect those who invest in their projects, for which they require strategic allies of payment technologies such as Bitso.

Fuente: Parque Arauco
Parque Arauco will build the first multifamily building integrated into a shopping center in Chile

The construction of the residential rental building in Parque Arauco Kennedy is part of the third stage of expansion of the shopping center and will represent an investment of approximately US$60 million.

Fuente: El Economista
AT&T and Movistar extend their agreement for the use of 5G infrastructure in Mexico until 2030

In November 2019, the two companies originally announced the start of this wholesale agreement on the use of cellular networks.

Fuente: Starbucks
Starbucks announces its arrival in Ecuador and Honduras after a decade of purchasing coffee in both countries

In partnership with Delonorte and Premium Restaurants of America , the company will open stores in Quito, Ecuador and San Pedro Sula, Honduras, respectively.

Fuente: Agencia Andina
Peru would open electric car assembly plants in the Chancay Megaport to distribute in the region

The Peruvian Minister of Economy says that assembly plants would operate in the special economic zone to supply Latin America.