The Mexican ecosystem is currently 2.5 times larger than Colombia — the third fintech ecosystem in the region with 124 startups — over 3 times larger than Argentina, and over 4 times larger than Chile

Technology companies developing solutions for e-commerce or bricks and mortar stores can also seek a chance to participate in the program known as Radar Santander.

Spanish banking group BBVA is opening a Mexico office for a new financial technology (fintech) company named BBVA Next Technologies.

eFactor Network, a multifunding and multicurrency electronic factoring marketplace, leverages its connection with large buyers, suppliers, and financial Institutions to help clients land discount deals.

The city of Phoenix is making plays to build a strong technological and economic relationship with Mexico, especially in the field of Fintech.

The bill, waiting for President Enrique Pena Nieto to be signed into a law, will also regulate the circulation of cryptocurrencies such as Bitcoin, besides promoting financial stability by preventing money laundering and financial frauds.

Known as startup factory across Mexico, InnoHub is headed by Raimundo Burguera. Among its managing partners are José Luis de Alba and Rene Torres, founders of ContPaQi.

Mexico’s fintech market has grown more than 50%, according to a study by tech startup accelerator Finnovista.

In its latest index of global fintech hubs, Deloitte said Mexico has a concentration of experienced founders along with deep pools of technical and business knowledge.

Mexico’s federal government is framing new laws to regulate the country’s burgeoning financial technology (fintech) industry. The new law, says the government, will put an end to money laundering and banking fraud.