- Colombia: Bold acquires Tuily / instant aayments / dLocal: from Uruguay to the world / south Korea collaborates with Costa Rica / Scotiabank, is it returning to Argentina?
#1
Bold acquires Tuily
Bold, the Colombian fintech, has announced the acquisition of Tuily, a startup specialized in financial solutions for businesses. With this purchase, Bold aims to expand its service portfolio and begin offering business credit cards, facilitating access to financing for small and medium-sized enterprises (SMEs) in the country.
This initiative responds to the growing demand for financial solutions tailored to the specific needs of the Colombian business sector.
#2
dLocal seeks global expansion
The Uruguayan company dLocal, specialized in payment solutions for emerging markets, has received an Authorized Payment Institution license in the United Kingdom from the Financial Conduct Authority (FCA). This license will allow dLocal to offer a full range of regulated payment solutions to clients based in the UK, including frictionless payments and collections, cross-border transactions, and advanced fraud controls.
This achievement strengthens dLocal’s position in the global market and facilitates its expansion in emerging economies.
#3
Is Scotiabank returning to Argentina?
Breaking news published by Bloomberg.
According to one of the senior executives of the Canadian bank in Latin America, although the real economy continues to show disastrous indicators and a drop in GDP, financial institutions are analyzing the opportunities that the Argentine financial market presents.
#4
Colombia: instant payments Bre-B
The Bank of the Republic of Colombia has implemented Bre-B, an instant payments system that allows real-time electronic transfers between different financial entities in Colombia. This advancement seeks to improve the efficiency and security of financial transactions in the country, offering users a fast and reliable alternative for payments and transfers.
Bre-B aligns with global trends towards modernizing payment systems and promoting financial inclusion.
#5
Costa Rica & South Korea
Through a technological cooperation agreement, South Korea will help the government of Costa Rica launch a digital wallet. This ambitious project, developed jointly by both countries, will allow Costa Rican citizens to access a secure digital platform for conducting transactions and verifying their tax status efficiently; it will gradually incorporate more services. The initiative is part of the effort to modernize public administration and bring government services closer to the population.