fintech
🎉 Mexico🇲🇽: Revolut🇬🇧🇱🇹 receives approval to launch banking operations Paid Members Public
🎉 Mexico🇲🇽: Revolut🇬🇧🇱🇹 receives approval to launch banking operations While progress at home has been slow, the company is making significant strides in Latin America. ➡️ The National Banking and Securities Commission (CNBV) and the Central Bank of Mexico have granted Revolut final authorization to operate as a multipurpose banking institution, allowing
🐘 India🇮🇳: OpenAI, fintech Razorpay, and the National Payments Corporation (NPCI) launch UPI payments directly within ChatGPT Paid Members Public
🐘 India🇮🇳: OpenAI, fintech Razorpay, and the National Payments Corporation (NPCI) launch UPI payments directly within ChatGPT The AI-powered solution, called “Agentic Payments”, marks a major step forward in financial automation. The project is currently in its pilot phase. ➡️ Key features: 👍 Conversational interface for conducting digital transactions. 👍 Reduced risk of human
🧉Argentina🇦🇷: overview of the alternative finance market 2025 (wallets, crypto, interoperability) Paid Members Public
🧉Argentina🇦🇷: overview of the alternative finance market 2025 (wallets, crypto, interoperability) According to the Electronic Clearing House (#coelsa), Argentinians now hold an average of 8 financial accounts: 4 bank accounts (traditional or digital) and 4 linked to virtual wallets. 🔣 Scale and Reach The payment systems of Argentina🇦🇷 and Brazil🇧🇷 have
💣 United Kingdom🇬🇧: Revolut UK Bank license suspended Paid Members Public
💣 United Kingdom🇬🇧: Revolut UK Bank license suspended Regulators have raised concerns over risk management in cross-border payments. ➡️ Last year, after three years of discussions with regulators, the UK-Lithuanian digital bank obtained a provisional banking license valid for 12 months, allowing it to accept limited deposits while developing its risk control
💣 Turkey🇹🇷: court witness names fintech Papara “the largest money laundering scheme” Paid Members Public
💣 Turkey🇹🇷: court witness names fintech Papara “the largest money laundering scheme” According to the indictment, the case is linked to illegal online betting allegedly involving around 40 million Turkish citizens. 🔠 The Istanbul Prosecutor’s Office conducted a large-scale investigation that could result in up to 28 years in prisonfor Papara
🛠 Brazil🇧🇷: #PIX adds a “Dispute” button to banking apps starting October 1 Paid Members Public
🛠 Brazil🇧🇷: #PIX adds a “Dispute” button to banking apps starting October 1 The update is part of Brazil’s “Special Refund Mechanism” (MED), launched by the Central Bank to handle fraud-related cases. The dispute process is now fully digital, removing the need for any in-person procedures. Reminder: the PIX instant
🐘 India🇮🇳: UPI payment system will introduce biometric authentication… plus an update on Revolut🇬🇧🇱🇹 Paid Members Public
🐘 India🇮🇳: UPI payment system will introduce biometric authentication… plus an update on Revolut🇬🇧🇱🇹 India’s payment market continues to demonstrate strong momentum and innovation. ➡️ For transactions of up to ₹5,000 ($56 USD), biometric verification —facial recognition and fingerprint scans— will replace traditional PIN codes. However, regulators have indicated that
🤓U.S. Accuses Brazil 🇧🇷 of Unfair Practices in E-Commerce and Digital Payments Paid Members Public
🤓U.S. Accuses Brazil 🇧🇷 of Unfair Practices in E-Commerce and Digital Payments The U.S. Trade Representative Office (USTR) believes that Brazil’s instant payment system Pix, developed by the federal government, receives “too many advantages.” Naturally, this raises the question: why all the fuss? Shouldn’t they be focusing