Mexico Fintech Ecosystem Trends, Mastering Product Prioritization in B2B Companies, and Fintech Highlights 🚀
Key Lessons in Product Prioritization for B2B Fintechs, Plus the Biggest Fintech Funding Rounds and Fintech Industry news and moves 🚀
Mexican Fintech Ecosystem is Booming
Moody's report on Mexican Fintech Growth is incredible. All you need to know:
Fintech Consolidation and Regulatory Evolution:
Trend: Mexican fintechs are increasingly seeking banking licenses to consolidate their positions and expand services, aligning themselves with traditional banks in regulatory compliance.
Sofipos (regulated financial entities): Key players are using Sofipo licenses to accept deposits, with fierce competition driven by attractive interest rates (up to 15%).
Synergies and Competition with Traditional Banks:
Collaboration Areas: Fintechs and banks are converging in payment aggregation, electronic platforms, and data management, but competing intensely in lending and deposits.
Focus on Niche Services: Players are segmented into niche-focused entities or those offering a broader range of services.
Transition to Regulated Banking Models:
Opportunities: Banking licenses provide fintechs with deposit insurance, central bank access, and expanded product offerings, enhancing customer trust and stability.
Challenges: Operational costs and credit losses pose significant risks, requiring strong risk management and governance.
Credit Penetration in Mexico:
Lagging Behind: Credit penetration in Mexico stands at 38.8% of GDP, lower than Brazil (>50%) and Colombia (>40%), highlighting opportunities for growth in lending.
Welcome back amigos
Founders, builders, and fintech enthusiasts!
The last 30 days have been packed with exciting fintech news, led by Ualá’s $300M Series E funding, solidifying its place as one of Latin America’s most valuable startups. Another standout is Nubank’s incredible milestone of reaching 100 million customers in Brazil, a remarkable achievement that underscores the impact of customer-first product strategies.
In this edition, I’m reflecting on prioritizing product development on B2B Fintechs, a challenge many founders, product managers, and teams face. Whether scaling a platform or refining an MVP, deciding what to build (and what not to) is often more about discipline than resources. Drawing from my experiences, I’ll share tips on staying focused and delivering impactful solutions.
As always, these updates reflect my personal views and are not affiliated with any employer or organization. This is my space to learn, share, and grow—and I’m glad you’re part of the journey!
Let’s dive in.
Mastering Product Prioritization: Strategies for B2B Founders and Product Leaders
Why Prioritizing in B2B Is So Challenging
Prioritizing what to build in a B2B company isn’t just hard—it’s often a high-stakes balancing act between competing demands. Unlike B2C, where you have thousands of user interactions to analyze, B2B teams often face:
Smaller customer base = fewer data points to draw insights from.
Diverse customer segments = conflicting priorities that rarely align.
Unclear segmentation = time wasted solving for users who aren’t your ideal target.
Resource constraints = too few engineers and designers to meet all demands.
Competing internal voices = input from Sales, Marketing, Support, and others pulling in different directions.
And perhaps the trickiest challenge: unintended adoption—where your product solves problems for a segment you didn’t initially target. This can create tension in deciding what to prioritize next.
Common Traps in Product Prioritization
Even experienced teams can fall into these pitfalls:
Building for one customer – Creating custom solutions for a single client is tempting, especially if they’re a big account. But it often results in inefficiencies and non-scalable products.
Example: Early in my journey, we built a niche feature to secure a deal. It pleased the customer but became a burden, as no other clients used it.
Neglecting broader use cases – Over-focusing on one pain point can leave critical workflows unaddressed, reducing overall product value.
Trying to serve everyone – Spreading resources too thin to accommodate all segments leads to mediocrity and team burnout.
Copycatting competitors – Blindly building what your competitors offer—or chasing trends from podcasts or VC conferences—can derail focus.
Becoming a product factory – Shipping features simply because customers asked for them, without assessing long-term impact, creates a tactical win but strategic misalignment.
How We Built a Voice of the Customer Process
One of the most transformational efforts I’ve led was designing a Voice of the Customer (VoC) process. This initiative aligned Sales, Marketing, and Support to give us a 360° view of customer needs and the biggest sales detractors. The outcome? A prioritized roadmap that drove real impact—boosting NPS, total processing volume (TPV), and sales conversions.
Here’s how we did it:
1. Revamped the NPS Process
We restructured how we collected and analyzed NPS data to capture richer insights. By segmenting feedback by customer type, we identified recurring pain points and opportunities.
2. Segmented HubSpot Data
Sales data was categorized by customer segment, size, and industry, along with identifying deal-breaking feature requests. This helped us focus on high-impact initiatives that could unlock sales or expand credit usage.
3. Analyzed Customer Support Tickets
Customer tickets were broken down by:
Volume per category (onboarding, payments, product bugs, etc.).
Resolution time and success rates.
Customer segment (small business, enterprise, etc.).
This analysis surfaced the most common and time-consuming issues, helping us prioritize what to fix.
4. Created a Prioritized Roadmap
Using all this data, we evaluated each potential initiative’s impact (e.g., sales lift, churn reduction) against the effort required to execute. Once the roadmap was ready, we worked with product teams to integrate high-impact needs into their backlogs.
The Results?
Sales conversions increased by addressing key pain points.
TPV skyrocketed as we unlocked more value for our users.
NPS exponentially improved, with customers noticing faster resolutions and more relevant features.
How to Avoid Common Traps in B2B Prioritization
Here are some actionable steps to keep your team focused and avoid pitfalls:
1. Build a Robust Feedback Loop
Use tools like HubSpot (sales), Zendesk (support), and NPS surveys to gather feedback.
Train support teams to ask broader questions, such as:
“Are there recurring challenges you face with this workflow?”
Centralize all feedback into a single view for your team.
2. Set Up a Discovery Roadmap
A structured discovery process ensures you’re solving real problems.
Conduct primary research: interviews, usability tests, and surveys.
Perform secondary research: industry reports and competitor analysis.
3. Clearly Define Your Target Segments
Identify your power users—the segments driving most of your business.
Focus deeply on 1-2 additional segments where you can deliver outsized value.
4. Leverage Prioritization Frameworks
Use proven frameworks like:
RICE (Reach, Impact, Confidence, Effort): Helps score and rank initiatives objectively.
BACER (Business goals, Adoption, Customer value, Effort, Risk): Tailored for B2B products to align with strategic goals.
5. Build, Test, Learn, Repeat
Start small, launch an MVP, and iterate based on real-world feedback. For example:
Before releasing a major dashboard feature, we launched it to a beta group, gathered feedback, and fixed usability gaps before scaling.
Closing Thoughts
Prioritizing in B2B isn’t about saying “yes” to everything; it’s about saying “yes” to the right things. By combining structured processes, deep customer empathy, and actionable frameworks, you can build products that not only serve your users but also scale your business.
What’s been your biggest challenge in prioritizing product development? I’d love to hear your thoughts—reply below or drop me a note! Let’s keep building smarter, together. 🚀
Top LatAm Fintech News and Insights from the past 30 days
TL'DR (Too Long, Difficult to Read)
1. Major Funding Rounds
Key Insights:
Agriculture, credit, and embedded finance dominate funding rounds, showcasing the region’s focus on practical financial services to address underserved markets.
Argentina and Mexico lead in neobanking and fintech innovation, with significant funding for platforms like Ualá and Albo.
Venture capital is also fueling DeFi and blockchain startups, signaling a rebound in crypto-related activity.
Examples:
Ualá Raises $300M: Reinforces Argentina’s leadership in neobanking, valuing the company at $2.75B.
Agrolend Secures $53M: Highlights the importance of agricultural fintech in Brazil, focusing on credit access for farmers.
Pravaler Raises $70M: Education financing remains a key theme, with FIDCs enabling growth in lending for students.
Companies addressing core financial needs like credit access and embedded finance are garnering the most funding, while innovation in blockchain is starting to resurface.
2. M&A and IPOs
Key Insights:
Acquisitions focus on enhancing platform capabilities, particularly in credit services and open finance solutions.
IPO plans reflect optimism despite valuation challenges, signaling growth ambitions in neobanking and financial infrastructure.
Examples:
Celcoin Acquires CobranSaaS: Expands credit recovery offerings, critical for financial services in Brazil.
BV Bank Eyes IPO: Record profits boost confidence for a public offering in a competitive market.
Klar Aims for IPO by 2026: Aims to capitalize on Mexico’s growing fintech market with a $500M revenue target.
Strategic acquisitions and IPO planning reveal a focus on scaling operations and improving product diversity, especially in credit and payments.
3. New Product Launches & Innovations
Key Insights:
Pix and instant payments dominate product launches, with adoption growing across consumers and businesses in Brazil.
Partnerships are driving innovation in digital wallets, cross-border payments, and credit access across Latin America.
AI and advanced software solutions emerge as efficiency enablers, particularly for payment processing and credit analysis.
Examples:
PicPay Integrates Pix with WhatsApp: Enhances payment convenience through social messaging.
Spin by Oxxo Offers Credit Products: Highlights the shift toward providing credit to retail users through innovative platforms.
OpenWay Launches Payment Software: Targets North and Latin American markets with enhanced digital infrastructure.
Innovation centers around instant payments and AI-powered efficiency, addressing consumer demand for speed and accessibility.
4. Regional Expansion
Key Insights:
Neobanks are scaling rapidly across Latin America, focusing on deposits, credit networks, and new services.
International partnerships and platform expansions are enabling broader access to financial tools in underserved regions.
Examples:
Nu Colombia to Launch Bre-B: Real-time payments infrastructure marks Colombia’s push for fintech innovation.
Kuady Expands Digital Wallet in Mexico: Expands cross-border capabilities to improve remittance and local transactions.
Finastra Opens Office in Guadalajara: Signals growing demand for financial technology talent in the region.
Companies are prioritizing geographic growth and integration of cross-border capabilities, emphasizing inclusion and efficiency.
5. Crypto & Blockchain News
Key Insights:
Stablecoins and remittance use cases are gaining traction, with platforms integrating crypto for real-world applications.
Bitcoin’s resurgence reflects renewed investor interest, driving significant market activity.
Examples:
Neverless Expands Stablecoin Platform to Argentina: Helps users mitigate inflation risks using USDT.
Bitcoin Surges Past $90,000: Highlights the growing demand for cryptocurrency investments in Latin America.
Ramp Network Enables Crypto-to-Peso Exchanges: Simplifies crypto integration into local economies in Mexico.
Crypto is regaining momentum, driven by inflation hedging, remittance solutions, and institutional adoption in the region.
6. Regulatory Updates & Compliance
Key Insights:
Governments are focusing on security and compliance for payments, with Pix rules tightening and Open Finance gaining traction.
CBDC frameworks and licenses are enabling growth for fintechs, paving the way for safer and more inclusive financial services.
Examples:
Pix Recurring Payments Become Mandatory: Standardizes recurring payment capabilities across institutions in Brazil.
Open Finance to Integrate with Brazil’s Drex CBDC: Combines innovation with compliance, linking digital currencies to open banking frameworks.
Mexico Launches Finviar App: Government-backed app simplifies remittance management for Mexican citizens.
Regulatory efforts focus on building secure ecosystems for payments and credit, with CBDCs and Open Finance driving collaboration between public and private sectors.
Overall Trends in Latin America’s Fintech Sector
Funding Focus: Credit access and embedded finance dominate investments, while blockchain and DeFi are re-emerging.
Innovation Spotlight: Instant payments and AI solutions are leading product launches, addressing growing demand for speed and reliability.
Regional Expansion: Neobanks and fintech platforms are scaling to tap underserved markets across Latin America.
Crypto Resurgence: Stablecoins and remittance applications are pivotal to crypto’s comeback in the region.
Regulatory Shift: Compliance and innovation coexist as governments and institutions align on secure financial ecosystems.
This dynamic growth indicates a thriving fintech ecosystem, with a balance between innovation, regional scaling, and regulatory oversight shaping the future of financial services in Latin America. More to come!
Full Breakdown
1. Major Funding Rounds (Vamos LatAm!)
🌐 Chemistry VC launches $350M fund for fintech and blockchain – The new fund supports early-stage startups focusing on decentralized finance and embedded services.
💸 Ualá raises $300M in new funding – The Argentine neobank’s latest round boosts its valuation to $2.75 billion, solidifying its status as a fintech leader in the region.
🌟 Redwood Ventures raises $200M for LatAm startups – In collaboration with Seedstars Capital, the fund focuses on fintech and tech-enabled service companies
💸 Pravaler Raises Over $70m Million Through FIDCs: Education-focused fintech Pravaler has secured more than R$430 million via Credit Rights Investment Funds (FIDCs) to expand its student financing solutions.
💳 Albo secures $60M credit line – The Mexican neobank secures significant funding to strengthen its credit products and achieve profitability in the coming months.
🌾 Agrolend secures $53M in Series C funding – The Brazilian agricultural fintech plans to expand credit access for farmers by partnering with cooperatives and resellers in the agriculture sector.
💸 Fairplay secures $35M credit line from BBVA Spark – The Mexican fintech will use this funding to boost its offerings for e-commerce SMEs
💊 Osigu secures $25M in Series B funding – The Miami-based healthtech startup plans to transform healthcare payments in Latin America, improving accessibility and efficiency for providers and patients alike.
💸 Comun raises $21.5M in Series A funding – The Mexican digital banking platform for Latinos in the U.S. expands its financial services, supporting underbanked consumers.
💼 NovoPayment secures $20M for embedded finance innovation – This investment enables NovoPayment to accelerate its embedded finance solutions in LatAm.
📊 Educbank raises $14.5M through corporate bonds – The educational fintech will expand its services to better support schools and students in Brazil.
⚡ Tako secures $13.2M seed funding – With backing from a16z, Tako focuses on advancing financial systems infrastructure in Latin America.
💸 Cometa secures $12M for digital lending growth in Mexico – This funding allows Cometa to strengthen its position in SME lending and expand its product offerings.
🚚 OxPay raises $6.7M for transport financing growth – The funding allows OxPay to scale operations and better serve logistics companies.
🌟 Conduit raises $6M for remittance innovation – The US-based company scales its LatAm operations, focusing on affordable money transfers.
💳 Akua raises $4.3M in seed funding – Akua is developing solutions to help payment gateways, processors, and acquirers modernize their systems and overcome the limitations of legacy platforms.
🏘️ CredAluga secures $3.9M to expand real estate solutions – The B2B2C fintech supports real estate agencies with specialized financing tools.
💻 Lerian raises $3.1M for banking software innovation – The Brazilian startup focuses on improving efficiency and scalability for banking operations with its software solutions.
💡 Stay secures $2.6M to expand private pension offerings – Stay is focused on modernizing retirement planning for Brazilians by offering accessible pension solutions.
🌟 Tumoni raises $2.29M to enhance remittance services in Central America – The US-based startup focuses on reducing costs for users by offering free remittance solutions.
2. M&A & IPOs
🤝 Dimensa Plans M&A Activity: Dimensa, a joint venture between Totvs and B3, is preparing to re-enter the mergers and acquisitions market to expand its financial infrastructure offerings.
💳 Celcoin Acquires CobranSaaS to Boost Credit Services: Celcoin has acquired CobranSaaS, a credit recovery startup, to enhance its credit service capabilities and expand its client base.
📈 BV Bank Eyes IPO After Record Profit: BV Bank posted a record Q3 2024 profit of R$496 million, up 73.8% year-over-year, with its CEO declaring readiness for an IPO.
📉 Klar aims for IPO by 2026 – Klar, the Mexican fintech, plans to go public with a projected $500M annual revenue target as it scales operations.
🤝 Aleph acquires Localpayment to enhance payment services – The Argentine unicorn strengthens its portfolio by acquiring Localpayment, a specialized payment solutions provider.
🏦 Klavi acquires Inipay to enhance Open Finance solutions – The Brazilian fintech strengthens its platform by acquiring the local payment institution.
3. New Product Launches & Innovations
💬 PicPay Integrates Pix with WhatsApp: PicPay has integrated Pix payments into WhatsApp, allowing users to conduct transactions directly within the messaging app, enhancing convenience and accessibility.
🛠️ PicPay Launches New Card Machine for Businesses: PicPay has introduced the "Smart" card machine, featuring integrated camera and NFC technology, to provide businesses with advanced payment solutions.
📲 Pix Usage to Surge by 60% in 2024: Pix transactions in Brazil are projected to grow nearly 60% next year, with an estimated R$27.3 trillion in transactions across 63.7 billion operations.
🛍️ Pix Black Friday Transactions Surge: During Black Friday 2024, Pix transactions in Brazil increased by 60%, highlighting the growing adoption of instant payments among consumers and retailers.
💸 EBANX Enables Merchants to Prepare for Pix Recurring Payments – EBANX is paving the way for merchants to adopt Brazil’s Pix Automático, the new feature for recurring transactions, by integrating it into their payment services.
🏦 Nubank expands working capital offerings for SMEs – Nubank has seen a remarkable 150% growth in loan volume, as it scales up its working capital solutions to empower small and medium-sized enterprises.
🚀 OpenWay launches new payment software for North and Latin America – The payment solutions provider debuts a software platform designed to enhance digital payment infrastructure across both regions.
🛒 Shein partners with Stori to launch a global credit card in Mexico – Fast-fashion giant Shein collaborates with fintech Stori to roll out its first co-branded credit card, aimed at attracting more shoppers in Mexico.
🌐 Yape and TerraPay join forces in Peru to boost digital inclusion – This collaboration aims to expand access to financial tools and services in underserved communities throughout Peru.
💳 Kuady expands digital wallet services in Mexico – Kuady’s growth continues as it brings cross-border transaction capabilities and financial access to more users across Latin America.
📊 Spin by Oxxo to offer credit products – FEMSA’s Spin by Oxxo expands its services, introducing credit options for its user base as part of its growing financial vertical.
🏢 Finastra opens new office in Guadalajara – Expanding its presence in Latin America, Finastra plans to double its workforce by leveraging local talent in tech, marketing, and sales.
📲 PicPay offers instant payments via Meta and Microsoft – Brazil’s digital bank integrates with WhatsApp for Pix transactions, powered by AI and partnerships with tech giants Meta and Microsoft.
🤝 B89 and PagBrasil expand Pix across Latin America – This partnership enables Brazilian citizens to pay in reais in other countries, facilitating cross-border commerce.
🧠 Yuno launches Smart Routing for payment optimization – Yuno’s intelligent algorithms and proprietary data aim to streamline payment processes for merchants.
💳 MACH partners with Pomelo to launch credit cards in Chile – The Chilean digital bank collaborates with the Argentinian payment platform to enhance its financial offerings.
🌐 Panda expands wallet interoperability in Peru – Panda’s digital wallet now works with financial institutions across LatAm, enabling seamless money transfers.
💼 Félix Pago partners with Mastercard to digitize remittances – The Mexican fintech focuses on improving efficiency in cross-border payments with this strategic alliance.
🤖 Holdo launches Chile Smart Fund, an AI-administered mutual fund – This is Chile’s first mutual fund managed entirely by artificial intelligence, setting a new precedent.
💳 Klar launches Klar Platino, a premium credit card in Mexico – This new product targets high-end users with perks like global airport lounge access and cashback rewards.
📲 MOVii and Payválida integrate Transfiya for instant payments – This partnership enables Colombian businesses to process real-time payments and disbursements.
📱 Mercado Pago introduces NFC payments in Argentina – Android users in Argentina can now make contactless payments, providing a faster alternative to QR codes.
📊 Treinta launches no-interest credit for shop owners – The Colombian platform enables small businesses to purchase inventory via its B2B marketplace.
💼 Nu México expands deposit networks with FINABIEN and Arcus – The Mexican fintech increases accessibility for its users with enhanced deposit options.
📲 Pix to launch tap-to-pay functionality via Google Pay – Starting in February 2025, Brazil’s Pix payments will integrate with Google Pay for added convenience.
💼 Nubi launches corporate prepaid cards in Argentina – Banco Comafi’s fintech arm introduces real-time expense management solutions for businesses.
💻 Sankhya unveils Venda Mais to streamline credit analysis – This new software optimizes credit evaluations and installment sales for Brazilian companies.
🌐 Nubank launches NuCel, its mobile network operator – In partnership with Claro, NuCel offers telecom services alongside digital banking features in Brazil.
💳 Mujer Móvil and FINSUS launch a credit card for SMEs – The partnership provides Mexican small businesses with easy access to financial tools.
🏢 Thomson Reuters collaborates with Belvo to streamline accounting solutions – This partnership provides digital tools for financial management in Brazil.
📲 Tpaga partners with Cali Chamber of Commerce – Tpaga’s SOFT POS feature allows merchants to accept contactless payments through their smartphones.
🌐 dLocal partners with Fourvenues to enhance payments – The Uruguayan platform expands payment options for Southeast Asia and Latin America.
🛒 Getnet unveils e-commerce payment system in LatAm – Santander’s payment division offers a unified solution for merchants in Brazil, Argentina, and Mexico.
🌎 Kushki partners with J.P. Morgan for LatAm payments – This collaboration enhances payment infrastructure for large corporations in Mexico and Colombia.
🌐 Nubank unveils Coupon Hub and slashes crypto fees – Customers gain access to cashback and discounts from over 150 stores, while transaction fees for crypto drop to as low as 0.6%.
📊 Price Lab expands to Mexico with AI pricing solutions – The Peruvian company helps e-commerce and retailers optimize pricing strategies and monitor competitors dynamically.
💳 Ualá launches secured credit card in Mexico – Targeting unbanked users, the card features no fees and offers an annual return of up to 5% on deposits.
🤖 Yuno debuts Monitors, a payment anomaly detection tool – This real-time feature helps businesses minimize revenue losses and improve transaction efficiency.
🚜 E-ctare introduces a harvest-focused credit card – The agrifintech’s card allows farmers to defer payments until after the harvest, addressing cash flow challenges.
🎓 Mattilda and Tapi partner for school payments – This alliance simplifies tuition payments by integrating neobank solutions across Latin America.
💼 PXP Financial collaborates with Kushki for LatAm growth – The UK-based payment processor enhances its presence in Mexico, Chile, and Colombia with the partnership.
🌟 Dock partners with Ant International for MSME credit access – The collaboration aims to improve credit and payment solutions for underserved small businesses
4. Crypto & Blockchain News
🚀 Bitcoin Surges Past $90,000: Bitcoin's price has soared to over $90,000, driven by increased investor interest and favorable market conditions, marking a significant milestone for the cryptocurrency.
💰 Brazil’s Crypto Fund Investments Top $1 Billion: Brazilian cryptocurrency fund investments surpassed $1 billion, driven by $3.7 million in net inflows during the week ending November 8, 2024.
🪙 Neverless expands stablecoin platform to Argentina – The UK-based fintech introduces a USDT-centered platform to help users preserve capital amidst inflation.
🪙 Ramp Network enables crypto-to-peso exchanges in Mexico – The UK-based fintech simplifies crypto conversions via Mexico’s SPEI system.
5. Financial Results & Market Moves
🎉 Nubank Hits 100 Million Customers: Nubank reached 100 million customers in Brazil, growing rapidly with 1 million new accounts added monthly, including minors and small businesses.
📉 Klarna's Valuation Drops Ahead of U.S. IPO: Swedish fintech Klarna's valuation has declined from $45.6 billion to $6.7 billion as it prepares for an initial public offering in the United States, reflecting challenges in the buy now, pay later market.
📊 Nubank Exceeds Adjusted Profit Estimates in Q3: Nubank surpassed analyst expectations with an adjusted net profit of $592 million in the third quarter, driven by a growing customer base and increased revenue per user.
🏦 Caixa Econômica Federal Reports Strong Q3 Results: Brazil's Caixa Econômica Federal reported robust financial results for the third quarter of 2024, indicating solid performance across its banking operations.
💰 PagBank Achieves Record Profit of R$572 Million in Q3 2024: PagBank reported a record net profit of R$572 million in the third quarter of 2024, reflecting strong growth in its digital banking services.
📈 Creditas Sees Record Revenue but Remains Unprofitable: Fintech Creditas achieved record revenue in Q3 2024; however, it continues to operate at a loss, highlighting the challenges of scaling profitability in the lending sector.
📈 XP Inc. Reports Record Revenue and Profit: XP Inc. announced record revenue and profit figures, with net new money reaching R$31 billion, indicating strong growth in its investment platform.
📈 Banco Inter Achieves 12% ROE and Record NIM: Banco Inter reported a return on equity of 12% and a record net interest margin, showcasing its financial strength and efficient operations.
🎰 Fintechs See Betting Volume Rise Among Lower Income Classes: Fintech companies serving the betting industry have observed a significant increase in activity from consumers in classes C, D, and E, indicating a broader demographic engagement in online betting platforms.
📈 Kueski reaches 20M loans disbursed – The Mexican fintech doubles its lending volume in 18 months, highlighting its role in improving financial access and inclusion.
🌟 Nubank reaches 100M customers in Brazil – Nubank celebrates this major milestone, showcasing its growing impact in the digital banking space.
6. Regulatory updates and compliance
📲 Recurring scheduled Pix payments become mandatory – Brazil’s Central Bank now requires institutions to implement scheduled recurring payments via Pix, bringing standardized capabilities to financial services.
⚡ Nu Colombia to launch Bre-B, a Colombian instant payment system – Slated for 2025, Bre-B will enable real-time payments between banks and wallets, offering Colombians a seamless and secure money transfer option.
🏦 Brazil tightens Pix regulations for better security – From January 2025, only authorized institutions will be allowed to participate in Pix, ensuring compliance and reducing fraud risks.
📊 Chilean banks explore Open Finance opportunities – Financial institutions in Chile collaborate to address upcoming Open Finance regulations, aiming for improved services.
💡 Mexico launches Finviar app to streamline remittance reception – This government initiative aims to reduce costs and simplify remittance management for Mexican citizens.
🛒 Tino receives Central Bank approval for installment payments – The Brazilian fintech can now scale its B2B payment solutions for installment purchases.
💳 Addi gains financing company license in Colombia – The BNPL fintech can now offer enhanced credit solutions as a regulated entity.
📊 RecargaPay gains Central Bank license to raise funds – The Brazilian mobile payments platform expands its credit services with new regulatory approvals.
🪙 Open Finance to integrate with Brazil’s Drex CBDC – Brazil’s central bank continues to innovate by linking Open Finance frameworks with its digital currency.
🏦 Openbank receives regulatory approval in Mexico – Santander’s digital bank gains the green light to begin operations in Mexico.
🇨🇱 Tenpo Bank moves closer to full operation in Chile – The Chilean neobank receives provisional approval from regulators to expand its services.
🪙 Banco Atlántida gains approval for digital asset issuance – El Salvador’s largest bank strengthens its crypto services in line with national policies.
📉 Brazil tightens Pix rules to combat fraud starting November 2025 – New regulations by the Central Bank require registered devices for large transfers and introduce limits for unregistered users to enhance security.
That’s All for This Month!
Thanks for catching up on the highlights from the last 30 days. Which stories or insights resonated with you the most? I’d love to hear your thoughts— comment, shoot me a note, or connect with me on LinkedIn!
Remember, product success isn’t just about doing more; it’s about doing the right things. Stay focused, stay bold, and keep building. 🚀
Until next time,
Edu