- The Fintech revolution in Latin America continues to transform key industries and offer innovative solutions Across various markets
- Arcus, Depay, and Blex Lead the transformation of digital payments
Arcus, the Fintech Backed by Mastercard, receives authorization from CNBV to operate as an electronic payment fund institution in Mexico
This achievement marks a key milestone in Arcus’s regional expansion strategy, allowing the company to offer innovative and scalable financial solutions. The company plans to strengthen its presence in the country by facilitating access to digital payment services and promoting the adoption of modern financial technologies among consumers and businesses.
Depay: the universalization of QR codes
QR payment systems have gained massive adoption in Latin America. However, they face a major obstacle: they are fragmented by country, limiting interoperability between wallets. This issue was addressed by the Argentine startup Depay, which is positioning itself as a pioneer in the universalization of QR codes as a payment method in the region. Its platform enables users to make transactions in businesses and platforms across Latin America using a single interoperable system. This approach simplifies the consumer experience and promotes economic integration in a highly fragmented market. With this initiative, Depay aims to reduce cash dependency and accelerate the adoption of digital payments in sectors with lower banking penetration.
Blex: Cross-Border payments
Another Argentine fintech is making waves. Blex has launched an innovative system using QR codes to facilitate cross-border payments. This service addresses a critical need in the region, where international transfers are often expensive and slow. Blex offers an additional advantage for Argentinians (who, due to the low cost of the dollar in their country, are expected to vacation massively in Brazil this year); they will be able to make payments in local currency at businesses through this app, which is connected with Pix.