In the dynamic world of digital banking, Mexico emerges as a contender, mirroring Brazil’s landscape from six years ago, before its neobank explosion. BofA highlights similarities but also stark differences in growth rates and market competition between the two countries. By 2021, Brazil’s neobank market penetration hit 80% following a 2018 boom, stabilizing since. Mexico […]
Related Posts
Brazil’s Military Response to Escalating Esequibo Region Tensions
Brazil has amplified its military presence in the north, responding to a crisis ignited by Venezuela’s planned referendum. This referendum concerns the annexation of a large part of Guyana, specifically the Esequibo region. The Ministry of Defense, led by José Múcio, monitors the situation closely. It has boosted defense activities along the northern border, significantly […]
Milei’s Vision: Argentina’s Path to Flexible Exchange Rates
Argentina’s President Javier Milei has unveiled plans to adopt a flexible exchange rate system after lifting capital controls. This move aims to stabilize the economy and regain access to international capital markets. Milei, who took office in December 2023, inherited an economy with over 200% annual inflation and depleted central bank reserves. His administration pledges […]
Enauta and 3R Merge to Create a Latin American Oil Giant
In a strategic move, Enauta has put forward a merger proposal with 3R. This plan, unveiled on Monday, could merge both firms into a powerhouse valued at nearly R$16 ($3.2) billion. Enauta’s strategy focuses on a share swap, streamlining the process for a seamless union. The deal suggests that 3R’s new shares would merge with […]