J. Safra, the investment arm of Brazil's Banco Safra, has acquired a license to operate as a mobile virtual network operator using Claro's network.
Finance ministers from Chile, Colombia, Mexico and Peru met last Friday and agreed on guiding principles for the development and regulation of fintechs in member countries.
ICT adoption by enterprises and development of qualified human capital are issues that hinder Latin America compared to OECD nations.
The initiatives come from different industry verticals, including food, pharmaceuticals, chemicals, plastics, clothing, dairy, renewable energy and leather, among others.
Viasat-2 is part of the company's constellation of satellites and was launched in June last year, going into operation a few months later, with coverage over Canada, the US, Mexico and Central America and the Caribbean.
The president of the Brazilian branch of the Chicago based firm, Juarez Zortea, says that the Brazilian financial market needs more diversification of players, democratization of offerings, transformation of services and cheaper credit.