Yuno And Openpay Unite To Fuel Digital Payments Revolution In Mexico

?? NEWS HIGHLIGHT

• EBANX and Zuora Partner in 15 Countries Across Latin America and Africa, Enhancing Subscription and Recurring Payments Experience for Merchants .

EBANX, a global technology company specializing in payment services for rising markets, announced a partnership with Zuora, a leading monetization suite for modern business, helping to enable payment processing in some of the fastest-growing digital markets in the world.

The collaboration aims to support the global expansion of Zuora’s customers by enhancing local payment methods acceptance in 13 markets across Latin America and two markets in Africa, supporting global subscription-based and recurring revenue businesses in these regions.

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NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS

?? REGIONAL HIGHLIGHTS

?? Pix set a new record, with 224.2 million transactions in a single day .

?? Yuno And Openpay Unite To Fuel Digital Payments Revolution In Mexico .

?? Cumbuca gets 'green light' to operate payment initiation .

?? Mastercard targets Caribbean with FinTech solutions .

BRAZIL

FinTech for SMEs, Cora, Receives Authorization from Central Bank to Operate as a Financial Institution in Brazil. Cora, a FinTech for small and medium-sized enterprises (SMEs), has just received authorization from the Central Bank (BC) to operate as a finance company.

FinTech Sicredi Launches New App Features for Transferring Money and Sharing Financial History via WhatsApp. One of the new features allows members to securely use account balances in other financial institutions to move amounts for bill payments, transfers or deposits.

COLOMBIA

Pronus Launches "Pronus Payments" to Provide Instant Payment Technology in Colombia. Brazilian payments developer C&M, which helped build the Pix system, arrived in Colombia to present the alliance with investment bank Pronus, to offer technology for the immediate payments scheme that Banco de la República will launch in 2025.

The Open Finance Institute was officially launched, marking the first institute dedicated to the training of professionals in open finance in Ibero-America . Founded and led by ángel Sierra, the institute gathered over 30 open finance experts from the Colombian financial system.

Leveraging the booming payment industry in the region, Eduardo Luna (CEO) and Franco Zurita (CCO), founders of Monnet Payments Solutions a Peruvian payment gateway celebrating its 4th anniversary announce the launch of their new brand , CLINNG.

Chilean Paytech Vita Wallet Announces Launch of Its First Virtual Debit Card in Colombia. This card is designed mainly for technology companies, exports and imports , and according to the company's goal, it is expected to reach 5,000 users in the country in the first year and to carry out 90,000 transactions.

GUATEMALA

MayaPlus, a FinTech company focused on empowering the migrant community, has launched a new app designed to revolutionize the handling of remittances in Guatemala.

MEXICO

Mexican FinTech Colors Raises $1.2M and Partners with VISA and Círculo de Crédito to Offer Financial Services to the LGTBIQ+ Community. Persistent discrimination is also reflected in the workplace, where six out of 10 LGTBIQ+ people report obstacles related to their sexual orientation in accessing employment.

Stori plans to invest 7 billion pesos (approx $381 million) over the next two years to expand its financial services in Mexico ???? , particularly targeting underserved municipalities, said co-founder Marlene Garayzar.

Mexican FinTech Yuhu is taking steps to become a Sociedad Financiera Popular (Sofipo). According to CEO Ricardo Flores, the company has begun the authorization process with the National Banking and Securities Commission (CNBV).

CHILE

The Financial Market Commission (CMF) has released regulations governing the Open Finance System (SFA) as part of the FinTech Law (N°21.521), marking a significant milestone for Chile's financial market. This step is central to implementing the FinTech Law , approved in early 2023, which aims to promote competition, innovation, and financial inclusion.

PARAGUAY

BucksApp, a B2B FinTech startup founded in Paraguay and Bolivia, has successfully secured $1 million in a pre-seed funding round, marking a significant milestone in its journey.