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  • Brief: Uber Eats accepts cash in Mexico

    8/17/18
    Uber Eats, the food delivery service of ride-hailing app Uber, started accepting cash payment in Mexico City, citing the low number of bank accounts in the country and users's preference for cash transactions. In a statement, Uber...

  • Few Brazilians make financial investments

    8/17/18
    Only a small portion of Brazilians invest in financial instruments, giving banks operating in Latin America's largest nation lots of room to expand. In 2017, just 9% of the population invested in financial products, according to a...

  • Itaú's startup hub opens new HQ

    8/16/18
    Brazilian bank Itaú's Cubo cut the ribbon on a new building in São Paulo that is four times larger than the previous one and with capacity to house 250 startups and receive 2,000 people daily. Launched in September 2015 by Itaú...

  • Brazilian economy contracts

    8/16/18
    Brazil's economy contracted in the second quarter due to negative effects of a nationwide truckers strike at the end of May. The central bank's economic activity index, a GDP proxy known as the IBC-Br, fell 0.99% in 2Q18 compared...