Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

CEOs Promote Blockchain and AI for Financial Inclusion at the Tanzania Fintech Festival 2025 – Bitke

June 17, 2025

Egypt disrupts Nigerian farms, according to Winich Agri-Fintech

June 17, 2025

The ramp raises the $200 million series to a $16 billion valuation as businesses of all sizes opt for an AI-driven financing platform.

June 17, 2025

Saswat Finance Secures $2.6 Million Investment from Ankur Capital and Others

June 17, 2025
Facebook X (Twitter) Instagram
Trending
  • CEOs Promote Blockchain and AI for Financial Inclusion at the Tanzania Fintech Festival 2025 – Bitke
  • Egypt disrupts Nigerian farms, according to Winich Agri-Fintech
  • The ramp raises the $200 million series to a $16 billion valuation as businesses of all sizes opt for an AI-driven financing platform.
  • Saswat Finance Secures $2.6 Million Investment from Ankur Capital and Others
  • TD Bank survey shows that while Americans are eager to embrace AI, its full potential remains untapped.
  • Fintech startup Ramp secures an additional $200 million, raising its valuation to $16 billion.
  • Surge of tech companies investing in the UK as the government commits to fostering growth
  • AI Takes Center Stage in Fintech During a Slower Week for Major Deals
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Breaking News: Initial lineup of demonstrations revealed for FinovateFall 2025

    June 12, 2025

    Fintech Scotland and TSB unveil a new innovation lab initiative.

    June 3, 2025

    OECD Economic Outlook June 2025: The Fintech Executive’s Strategic Playbook

    June 2, 2025

    The impact of the fintech recruitment crisis on job seekers.

    May 28, 2025

    Turkish Fintech Papara Under Investigation for Potential Money Laundering Activities

    May 27, 2025
  • AI

    CEOs Promote Blockchain and AI for Financial Inclusion at the Tanzania Fintech Festival 2025 – Bitke

    June 17, 2025

    The ramp raises the $200 million series to a $16 billion valuation as businesses of all sizes opt for an AI-driven financing platform.

    June 17, 2025

    TD Bank survey shows that while Americans are eager to embrace AI, its full potential remains untapped.

    June 17, 2025

    Bt Chief considers further job reductions as AI advances.

    June 16, 2025

    Transforming Financial Services through Automation and Personalization in the Aiatic IA Principle – Fintech Schweiz Digital Finance News

    June 16, 2025
  • Acquisitions

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025

    The Challenges of Implementing Central Bank Digital Currencies (CBDCs)

    April 14, 2025
  • Trends

    Southeast Asia’s Fintech Market: Size, Trends, and Growth Potential

    June 13, 2025

    Irish fintech remains on a remarkable growth trajectory, contrary to global trends.

    June 12, 2025

    The Irish fintech sector is thriving and surpassing global trends.

    June 9, 2025

    Irish fintech sector continues to thrive despite global trends.

    June 4, 2025

    Irish fintech is thriving and surpassing global trends.

    June 3, 2025
  • Insights

    Fintech Hopeschime Financial Debuts on NASDAQ with a 60% Surge, Valued at Approximately $15.8 Billion

    June 12, 2025

    Congressional investigation into the attempted Fintech scheme to secure a $25 million federal contract

    June 10, 2025

    Fintech company Wise to relocate its primary listing to New York to attract more investors and enhance its valuation.

    June 5, 2025

    Flexbase purchases fintech company Maza Financial in a $40 million deal.

    June 4, 2025

    Irish Fintech Nomupay secures 35 million euros in investment from SoftBank.

    June 3, 2025
  • Rumors

    Tua Tagovailoa Trade Speculation: Miami Dolphins May Pursue QB Negotiations After 2025 Season if Playoff Aspirations Fall Short | NFL News

    June 16, 2025

    Paraphrase the title from the Circle files regarding the IPO for the Bank.

    June 7, 2025

    Toncoin achieves $1 billion in trading volume as Visa executive joins and Musk speculation grows

    June 4, 2025

    Fintech Firms Poised for Public Offering in 2025

    June 4, 2025

    Sale of Payoneer? Fintend Suspension 2025 Guidance Seeks Advisors

    June 3, 2025
  • Startups

    Egypt disrupts Nigerian farms, according to Winich Agri-Fintech

    June 17, 2025

    Saswat Finance Secures $2.6 Million Investment from Ankur Capital and Others

    June 17, 2025

    Fintech startup Ramp secures an additional $200 million, raising its valuation to $16 billion.

    June 17, 2025

    AI Takes Center Stage in Fintech During a Slower Week for Major Deals

    June 17, 2025

    PERRUPTECH Ventures backs Nigerian startup Agri-Buy Winich Farms

    June 16, 2025
  • finjobsly
fintechbits
Home » MercadoLibre’s fintech arm applies for banking license in Mexico
Breaking News

MercadoLibre’s fintech arm applies for banking license in Mexico

1 Min Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
A687c6adecb26374effc721e96ec5a6c.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

MEXICO CITY (Reuters) – The fintech arm of Latin American e-commerce giant MercadoLibre, Mercado Pago, has submitted its application for a banking license to the Mexican regulator, the unit said on Wednesday.

The request was sent to the National Banking and Securities Commission (CNBV) earlier this month, Mercado Pago said in a statement.

In May, Mercado Pago said it aimed to become the country’s largest digital bank through the license.

“This will allow us to continue to innovate and expand our financial services, which millions of people need,” Pedro Rivas, director of Mercado Pago in Mexico, said in the release.

The license would give Mercado Pago the ability to locally provide services such as savings and checking accounts, certificates of deposit, commercial loans and mortgages.

In Mexico, Mercado Pago is the second largest digital wallet, it says. It currently offers credit and debit cards, international transfers, interest on funds stored in its digital wallet as well as personal and small business loans.

(Reporting by Noe Torres and Kylie Madry; editing by David Alire Garcia)

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Breaking News: Initial lineup of demonstrations revealed for FinovateFall 2025

June 12, 2025

Fintech Scotland and TSB unveil a new innovation lab initiative.

June 3, 2025

OECD Economic Outlook June 2025: The Fintech Executive’s Strategic Playbook

June 2, 2025
Leave A Reply Cancel Reply

Latest news

CEOs Promote Blockchain and AI for Financial Inclusion at the Tanzania Fintech Festival 2025 – Bitke

June 17, 2025

Egypt disrupts Nigerian farms, according to Winich Agri-Fintech

June 17, 2025

The ramp raises the $200 million series to a $16 billion valuation as businesses of all sizes opt for an AI-driven financing platform.

June 17, 2025
News
  • AI in Finance (1,278)
  • Breaking News (151)
  • Corporate Acquisitions (64)
  • Industry Trends (174)
  • Jobs Market News (289)
  • Market Insights (183)
  • Market Rumors (237)
  • Regulatory Updates (146)
  • Startup News (829)
  • Technology Innovations (151)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,278)
  • Breaking News (151)
  • Corporate Acquisitions (64)
  • Industry Trends (174)
  • Jobs Market News (289)
  • Market Insights (183)
  • Market Rumors (237)
  • Regulatory Updates (146)
  • Startup News (829)
  • Technology Innovations (151)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.