LATIN AMERICA ADVISOR

Financial AMERICA ADVISOR

A daily publication Of the dialogue

October 17, 2023

Does Mexico Need Changes to its Card Processing Market?

Mexico’s Federal Economic Competition Commission last month recommended changes that would affect the country’s card payment processing market. // File Photo: Unsplash.com.

Q

A

Arturo Luna, vice president and head of government engagement for Mexico at Visa: “In general, as we have seen in our global experience, any effort or public policy that aims to promote competition through the entrance of new players and that encourages innovation, security and convenience in the digital payments system, will be beneficial for all participants in the ecosystem. By benefiting financial institutions and their users, including merchants, small and medium-sized businesses, these efforts generate a positive impact in the economy. At Visa, we continue collaborating with all authorities and the different participants of the digital payments industry in Mexico to accelerate…”

Top News

Mirabaud Seeking to Triple Brazil Money Under Management
Switzerland-based Mirabaud is expecting to triple the amount of money it has under management in Brazil over the next two years, said a top executive.
Chile’s Galgo Raises $40 Mn in Investment Round
Chilean financial technology company Galgo has raised $40 million in an investment round led by Mexican fund Nazca.
Brazil’s Congress Approves New Rules for Loan Guarantees
Brazil’s Congress on Oct. 3 approved new rules for loan guarantees in order to lower credit costs and nonpayment risks, priorities of President Luiz Inácio Lula da Silva’s administration. // File Photo: Brazilian Government.

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ABOUT THE financial services ADVISOR

Covering Latin America’s banking and insurance sectors, remittances trends and data, micro lending issues, new technologies in the industry, anti-money laundering regulations, and much more, the Inter-American Dialogue’s biweekly Financial Services Advisor, a sister publication of the Latin America Advisor, gives readers fresh insight and diverse viewpoints from financial sector leaders. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

Subscribers

Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Ernesto Armenteros
Vice Chairman
of the Board,
Banco de Ahorro y Credito Union

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

Richard Child
CEO,
Mattrix Group

Michael Diaz
Partner,
Diaz, Reus & Targ, LLP

Ernesto Fernández Holmann
Chairman of the Board,
Ayucus

Desiree Green
Vice President,
Int’l Gov’t Affairs,
Prudential Financial

Earl Jarrett
Deputy Chairman & CEO
The Jamaica National Group

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

Thomas Morante
Attorney,
Carlton Fields

Manuel Orozco
Senior Fellow,
Inter-American Dialogue

Adalberto Palma Gómez
Senior Partner,
Aperture SC

Rodolfo Pittaluga
Adjunct Professor,
Florida International University
College of Law

Roberto Teixeira da Costa
Founder & Board Member Emeritus, CEBRI

Mario Trujillo
CEO,
DolEx Dollar Express

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