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Tag: payment

Fintechs are the key of increasing competition in the financial sector

The enterprises that provide financial services supported by technology, known as fintech. Which are key to reach segments unattended by traditional banking. However, for Fernando Sotelino, assistant professor at the School of International Affairs at Columbia University in New York, and former banker in Brazil, these initiatives are key to…

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Cash will be eliminated: 20 billion devices in 2020 will enable digital payments

By 2020 there will be more than 20 billion devices and articles connected to the Internet of Things (IoT); This is detailed in a study conducted by the division of innovation and design of the payment company, Visa, which sees in this figure a great potential to enable everything concerning…

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FinTech based in Luxembourg offers exposure for other fintechs

AXA Investment Managers (AXA IM) announces the launch of AXA WF Framlington FinTech. The Fund aims to provide investors with access to the long-term growth potential of the emerging global fintech industry. The AXA WF Framlington FinTech was launched on the back of successful fundraising in Japan, where the strategy…

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Payment service provider “Heidelpay” buys Universum Group

The payment service provider Heidelpay acquires the Universum Group. The company thus shows how important the purchase of invoices in e-commerce continues to be in Germany. The Heidelpay Group, fintech and payment service provider from Germany, takes over the Frankfurt Universum Group, a company that has been known in the…

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Cryptocurrency Regulations in Mexico. Should they be reconsidered?

According to the organization, four circulars published by the Central Bank of Mexico, following the Fintech law, “establish current and potential barriers in the financial market.” The Blockchain Mexico Association, which was formed last year, publicly presented its position against circulars 10/2018, 11/2018, 17/2018 and 18/2018 of July and December…

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Fintech: what is and how does the new financial industry work?

Have you imagined a world without physical bank branches, in which all the services could be solved at any time of the day through your smartphone? This reality is getting closer every day thanks to the new online financial products of traditional banking … but also because of the development…

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