The local unit of Spanish banking giant BBVA cites high internet and smartphone penetration and user-friendly products as factors driving its strong digital sales.
IDC Latin America consultancy director Carlos González speaks to BNamericas as Latin American bank association Felaban prepares to raise the curtain on its financial tech event in Miami.
The banks had already assumed the necessary provisions in recent quarters because of the Brazilian group's delayed payments and financial difficulties.
A preference for personal computers and low-risk banking activities suggests that Mexicans do not fully trust online banking platforms, according to consultancy the Competitive Intelligence Unit.
Ecuadorian bank Biess hikes mortgage loan limit as Bolivia's financial services watchdog requires savings cooperative workers and directors to be bonded.
An 8.8% upturn in H1 direct foreign investment stands in stark contrasts to the dismal FDI outlook for Mexico at the start of the year.