April 15, 2021 |
Argentine financial technology form Ualá has entered talks to acquire the local digital bank Wilobank, part of an expansion drive that has taken it to Mexico, its first international market, founder Pierpaolo Barbieri said Wednesday.
The executive declined to provide details about the proposed acquisition in a talk at Nuevo Dinero's Payments 2021 conference, saying that the deal is in the process of gaining approval of the central bank.
"All I can say is that the best is yet to come," he said.
Argentine fintech plans to expand digital banking services as it also enters the Mexican market