Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices. MODO, a digital wallet backed by dozens of Argentine lenders, claims that the company forces shoppers to fulfill online purchases using its payment platform, Mercado Pago, Bloomberg News reported Monday (May 6), citing a complaint filed...
MODO, a virtual wallet solution popular in Argentina, has launched an instant payments feature and is exploring a buy now, pay later (BNPL) product, iupana reported Monday (Sept. 12). A public-private project with the participation of more than 35 banks in Argentina, MODO allows users...
In an effort to help consumers in Argentina connect all of their bank accounts and cards in one location, payments integration platform Spreedly will support digital wallet firm MODO’s more than 35 bank partners across Argentina, the companies announced in a recent press release. Argentina-based...
Mark Lenhard, a PayPal veteran, is joining the board of Modo, bringing the experience of an operator, an advisor, and an investor, having completed work across the full stack of financial services. He told PYMNTS that he has “deep expertise” in payments on both the issuing...
July 31, 2018
Business is often about cultivating relationships – and partnering with the right people at the right time – while offering the right product for a particular market. This month, startups such as Tipalti have brought on three partners to extend value to its clients, while startups such as AvidXchange are deepening their existing relationships. At the […]
July 03, 2018
In the life of a startup, there’s no better news than growth, be it across new verticals, devices or geographies. As startups such as DadeSystems, FitPay and Jewel Paymentech expand...
May 31, 2018
Robots aren’t going to take over every human job, but they are certainly changing what types of jobs humans need to do, as well as how those jobs get done....
May 01, 2018
Sometimes, being a startup is about fixing the problem no one else will fix. Other times, it’s about improving on existing solutions to make something even better. Here’s what’s been...
August 26, 2024
MercadoLibre has filed a complaint with Argentina’s competition regulator, alleging that Argentine banks are using an anti-competitive tactic against the company’s FinTech arm, Mercado Pago. In its legal complaint filed with the country’s National Commission in Defense of Competition, MercadoLibre accused the banks of “illegally concentrating” under one payments platform, Bloomberg reported Monday (Aug. 26). […]
May 07, 2024
Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices. MODO, a digital wallet backed by dozens of Argentine lenders, claims that the company forces shoppers to fulfill online purchases...
September 23, 2021
In an effort to help consumers in Argentina connect all of their bank accounts and cards in one location, payments integration platform Spreedly will support digital wallet firm MODO’s more...
August 24, 2018
Deutsche Bank announced that it has acquired an equity stake in Modo Payments, a payments technology company focusing on reducing friction in the payments industry. “Payments are the bloodline of...
