Internet is now king among banking channels by both transaction volume and amount of money moved, watchdog Superfinanciera says.
A bill designed to help ease access to financing for SMEs clears its penultimate hurdle as authorities add invoices and water and mining concessions, among others, to a list of instruments that can now be held in securities depositories.
The government initially proposed a 10% tax on online companies but caved in to pressure from influential business lobby group Sofofa, which asked for 19%.
The country's EXIM Bank looks to increase lending to the productive sector in the 2019/2020 fiscal year. Finance minister Nigel Clarke is pushing for reforms to incorporate inflation targeting at the central bank.
There will be a period of time that banks have to wait before offering loans to newly retired people.
According to Gonzalo Kirberg, CEO of Cumplo, the company has had a very positive experience, since the need for financing of SMEs in growth is transversal to all of Latin America.
BNamericas spoke with the head of WorldRemit's North America operations about its digital strategy to stand out in a crowded field of competitors as it expands its reach in Latin America and the Caribbean.