Business Latin America

Business Latin America: The biggest food delivery apps are moving  into Latin America The global food delivery mobile app market is expected to hit $16.6 billion by 2023. India's Swiggy, Germany's Delivery Hero, the UK's Deliveroo, and San Francisco's Postmates and DoorDash are among the delivery companies expected to attain VC-backed valuations of $1 billion or more in the past two years, according to Pitchbook. So how are all of these food delivery apps continuing their growth? In many instances, the answer is international expansion, and more recently, expansion to Latin America. The technology industry in Latin America is booming. Millions of consumers are coming online via mobile devices, and entrepreneurs are seizing the opportunities that increased connectivity offers. In the first half of 2019 alone, VC investment in Latin American startups totaled $2.6 billion, a significant uptick from the less than $2 billion raised in all of 2018. Technology is

Business Latin America: NovoPayment and Visa Expand Strategic Partnership in Latin America and the Caribbean Visa makes a strategic investment in NovoPayment to support the accelerated deployment of solutions to Visa’s clients and partners NovoPayment, a Banking-as-a-Service platform category leader, and Visa Inc., the world’s leader in digital payments, today announced an expansion of their strategic partnership to enable financial institutions and merchants to deploy Visa’s digital solutions in Latin America and the Caribbean. Visa has also made a strategic investment in NovoPayment. Over the last two years, Visa and NovoPayment have made significant advancements in the digitization of payments across the region: from enabling apps with multi-functional capabilities for issuers, merchants and acquirers, to accelerating the deployment of Visa Direct, Visa’s real-time payments solution, and Visa Token Services for various use cases including payouts and peer-to-peer pay

Business Latin America: Exabeam Partners with Westcon-Comstor Americas to Accelerate Business Growth in Latin America Region Exabeam and Westcon-Comstor Americas have signed an exclusive distribution agreement to accelerate Exabeam's business growth in Latin America. Through this partnership, the Westcon network will execute Exabeam’s go-to-market strategy for LATAM and provide best-in-class transaction and operations support, enabling existing channel partners to increase Exabeam sales. Additionally, Westcon will recruit and train channel partners, ensuring Exabeam's growth in new markets throughout the region. Exabeam and Westcon’s mutual channel partners distribute the Exabeam Security Management Platform (SMP) for next-generation security information and event management (SIEM) and machine learning-powered user and entity behavior analytics (UEBA). This enables enterprises seeking security intelligence to more rapidly and efficiently detect, investigate and

Latin America Business: Avianca Cargo freighter  turbo-charges  DFW's global ambitions An A330-200 freighter can make a huge difference, well beyond its payload, and for Dallas/Fort Worth International Airport (DFW), it was the elusive, final piece in a strategic puzzle and a game–changer. The game changed with the start of a twice-weekly freighter service by Avianca between Bogota and DFW on 2 October. According to the airline, the operation has been successful so far; profitable on all rotations and particularly strong on the northbound sector, where it carried over 800 tonnes of cargo – primarily perishables – to its new US gateway on the first 12 flights. The distribution of these northbound loads reveals the flight’s importance for DFW beyond its payload. Some 49% continues beyond the airport to other parts of the US, 40% goes on to Asia and 11% to Europe. It is the portion that heads to Asia that is of the greatest importance to the airport authority

Latin America Business: SoftBank is putting its stamp on  LatAm's venture capital scene SoftBank , whose $5 billion (£3.91 billion) Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region’s tech scene. SoftBank usually puts money directly into startup companies but in Latin America has targeted venture capital funds in a departure from the Japanese conglomerate’s global approach. Venture capital is still a relatively young business in Latin America and SoftBank’s investments will help to foster innovation, particularly for late-stage tech businesses, which are SoftBank’s main target. But industry sources said Softbank’s venture capital cash comes with strings attached that not all potential beneficiaries are happy about. Sources familiar with the matter said one of SoftBank’s requests was for a right of first refusal if one of the compani

Latin America Business: Vodafone Business and América Móvil collaborate over IoT expansion in Latin America Vodafone Business and América Móvil have signed an IoT partnership agreement to enable their respective customers deploy international connected devices solutions in an easier and efficient manner. The collaboration would allow Vodafone Business customers to connect IoT devices across Latin America and América Móvil IoT clients to have access to one of the largest global networks through Vodafone. Vodafone Business CEO Vinod Kumar, said: “With this agreement we further extend our IoT global footprint by partnering with one of Latin America’s strongest players. América Móvil´s coverage and expertise across Latin America will help us support our global customers in a part of the world where we have seen a surge in IoT adoption.” Latin America has been poised for IoT growth for some months. Writing for ReadWrite in June, Nora Leary posited that while challenges r

BBVA launches remittance service for Latin America (Latin America Business). Spanish bank BBVA launched an app-based service, called Tuyyo, enabling consumers to easily send remittances to people in Latin America and the Caribbean. Tuyyo — which is initially launching for US to Mexico transfers and will later be rolled out to the rest of Latin America — allows users to send money to Mexico 24/7. Recipients can access the funds within minutes, retrieve the money via ATM, bank account, or cash pickup locations, and minimize the costs involved with retrieving money. The app is compatible with iOS and Android devices. Remittances are a massive global market, poised to grow from $575 billion globally in 2016 to $615 billion in 2018. Mexico is a significant market to enter, as it’s the fourth-largest recipient of global remittances. Remittances to Mexico reached an all-time high of $26.97 billion in 2016, an 8.8% increase from 2015, according to research from BBVA. And 95.

  Experian growing in Latin America Tightening of credit standards in the US slowed the growth of Experian 's (EXPN) US business in the final quarter of its 2017 financial year, going against the prevailing trend. Overall, revenue in the North American business was up 7 per cent, most of which was generated organically. The standout performer, however, was the group's Latin American business, which saw organic revenue growth of 9 per cent for the year. The group's performance in Brazil was driven by expansion within major banks, new services offered to small- and medium-sized businesses and counter-cyclical products such as delinquency notifications... Read More. Miguel Sanchiz- Latin America Business - misancosa@gmail.com

Telecom Services Industry Adopts New Business Models in Latin America to Spark Digital Transformation The Latin American telecom services industry will see new business models as participants strive to be part of the on-going global digital transformation in the space. New business models are emerging as big data for telcos, mobility and mobile money, innovation-enabled monetization, software-defined networking and network functions virtualization (SDN/NFV), e-commerce and online marketplaces, augmented reality (AR), carrier Ethernet over wide-area network (WAN), and Internet of Things (IoT) gain ground in the region. Telcos' structure must become more agile, flexible, and able to leverage an interconnected ecosystem to adapt. "Changing market dynamics compel telcos to become customer-centric, investing in new products and services, aiming to transform their cost base, and simplifying as well as digitalizing complex business models, processes and systems," co