June 30, 2020 |
As Peru was becoming a new global coronavirus hotspot in early June and economic uncertainty grew, the mobile banking company YellowPepper added Banco Interamericano de Finanzas, known as Banbif, to its real-time payment platform called PLIN. It was the fourth bank in the Andean nation to join this year following BBVA, Interbank, and Scotiabank. PLIN allows individuals to transfer money across accounts via smartphone apps.
One month earlier, as Brazil was closing in on the United States in number of COVID-19 cases, the Sao Paulo-based fin-tech Creditas resumed hiring new employees after having paused in March and April.
Meanwhile in neighboring Argentina, Buenos Aires-based Uala, whose inves
The addition to the global lexicon of contactless delivery and social distancing plays directly to the strength of the digital transformation underway in Latin America’s financial sector. The COVID-19 pandemic is speeding that process to a greater scale than ever before