Fintech consolidates in Mexico by offering solutions to the crisis
Source：El Universal
From：Taiwan Trade Center Mexico
Update Time：2020/06/11
Sample of the thrust are the 441 emerging companies, also called startups, of the financial technology sector in Mexico, an increase of 14% over the previous year, according to Finnovista's Fintech Radar and the Inter-American Development Bank. The annual value of operations in the sector is US $2,889 million with 4.7 million users.
Proof of the adaptation to the crisis and the attractiveness of Mexico is the case of Matías Tini, co-founder of Apperto, an Argentine application that digitizes services, businesses, and transactions in cities of less than 500,000 people, where 50% of the Latin American population lives.
After establishing itself in 15 cities in Argentina over the past two years, Apperto now operates in San Juan del Río, in the central Mexican state of Querétaro, with the prospect of expanding in the short term to the rest of the Bajío region.
Another attraction of Mexico is the Financial Technology Law or Fintech Law, enacted in March 2018 and in force since September 2019, which establishes rules for those who participate in electronic payment funds, virtual assets and collective financing.
Source：https://www.eluniversal.com.mx/