News of financial

Fintech firm Ualá to start giving personal loans in Mexico

05-12-2022 17:06 Ualá will begin offering loans for its clients in Mexico through its alliance with Mexican bank ABC Capital.

BLOOMBERG – ANALYSIS

British pound collapse erodes international trust in UK

28-09-2022 23:41 The UK thought it had the trust of markets — until it didn’t. Now homeowners and businesses will likely have to pay the price.

BLOOMBERG

Ualá acquires ‘buy now pay later’ company Ceibo Creditos

06-09-2022 12:53 Argentina's Ualá has acquired Ceibo Créditos, a fintech firm specialising in providing credit and financial services that include "buy now, pay later" options.

Olivosgate

Judge to close ‘Olivosgate’ case in exchange for donations by president, first lady

23-05-2022 19:07 Judge agrees to close criminal proceedings against President Alberto Fernández and First Lady Fabiola Yáñez relating to illegal birthday dinner at presidential residence during Covid lockdown, in exchange for reparations totalling three million pesos.

BLOOMBERG

Ualá launches mobile payments for small businesses in Mexico

28-04-2022 10:19 Argentina’s Ualá mobile payments company is expanding into merchant services in Mexico.

FINTECH

Central Bank chief Miguel Ángel Pesce: ‘Not all fintechs are the same’

04-02-2022 01:15 Central Bank chief Miguel Ángel Pesce responds to questions on fintech and their regulation in Argentina. Extract taken from recent interview with Perfil's Jorge Fontevecchia.

by Jorge Fontevecchia

IMF DEBT TALKS

IMF debt deal: The roots of Argentina's economic crisis

28-01-2022 22:05 Argentina, which has been battling a deep economic crisis since 2018, has unveiled a new debt repayment deal with the International Monetary Fund.

BLOOMBERG

Argentine fintech Ualá launches in Colombia amid LatAm expansion

27-01-2022 16:42 Mobile payments startup Ualá is kicking off operations in Colombia, its third market in Latin America after Argentina and Mexico.

REMEMBRANCE

Argentines commemorate 20th anniversary of 2001 crisis at Plaza de Mayo

20-12-2021 12:57 December 2021 marks the 20th anniversary of the so-called 'corralito,' which led to protests and riots that ended up in then-president Fernando De la Rúa's resignation from office.

TWO DECADES ON

Argentines recall nation’s worst ever crisis, 20 years on

18-12-2021 08:48 This weekend marks two decades since Argentina's worst-ever financial crisis, which was accompanied by a period of civil and political unrest and rioting across the nation.

BLOOMBERG

Argentine fintech start-up Ualá starts its own brokerage service

08-12-2021 08:51 Company to allow dollar purchases at parallel exchange rate; Start-up is ramping up investment after last funding round.

FRENTE DE TODOS

Cristina sets stage for IMF talks – with a message to the opposition and a memo for Alberto

30-11-2021 16:06 Argentina's vice-president breaks her silence, asking the opposition to accompany negotiations with the International Monetary Fund.

by Rosario Ayerdi

BLOOMBERG

Argentine fintech Ualá buys Mexican bank ABC Capital

05-11-2021 02:07 Argentine financial services startup Ualá has reached an agreement to buy Mexican bank ABC Capital SA, as part of its bid to keep growing abroad.

PANDORA PAPERS LEAK

Chile's opposition accuses President Piñera after Pandora Papers report

06-10-2021 13:01 Opposition lawmakers in Chile said Tuesday they will present a parliamentary charge that could lead to the removal of President Sebastian Piñera following allegations related to the Pandora Papers leak.

PANDORA PAPERS LEAK

Pandora Papers: the latest mega leak on tax-dodging

06-10-2021 09:35 The Pandora Papers leak is the latest – and biggest – to shine a light on tax evasion of the rich and powerful from the whistleblowing International Consortium of Investigative Journalists (ICIJ).

PANDORA PAPERS LEAK

Argentina ranks third for offshore bank accounts in 'Pandora Papers' leak

05-10-2021 09:25 New leak of nearly 12 million documents from financial services firms shows how elite use tax havens to stash assets worth hundreds of millions of dollars. Number of Argentines appear, including Gianfranco and Mariano Macri, Jaime Durán Barba, Daniel Muñoz, Ángel Di María, Javier Mascherano, Mauricio Pochettino and Zulemita Menem.

PANDORA PAPERS LEAK

World leaders scramble to limit 'Pandora Papers' damage

04-10-2021 13:20 More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars, according to a far-reaching new investigation by the ICIJ media consortium.

PANDORA PAPERS LEAK

Panama law firm heavily implicated in 'Pandora Papers' revelations

04-10-2021 13:01 Prestigious Panamanian law firm was named in the so-called 'Pandora Papers' as implicated in the creation of offshore shell companies meant to hide money in tax havens for more than 160 politicians and public figures.

PANDORA PAPERS

Here are the biggest revelations from the Pandora Papers leak

04-10-2021 10:19 Huge leak of financial records reveals offshore financial assets of dozens of current and former world leaders and hundreds of politicians from Asia and the Middle East to Latin America.

Bloomberg

Argentina’s Ualá valued at US$2.45 billion after financing round

13-08-2021 12:16 Pierpaolo Barbier's Ualá valued at US$2.45 billion in a financing round led by Japanese conglomerate SoftBank Group Corp and Chinese Internet giant Tencent Holdings.

BLOOMBERG

Argentina’s Ualá to buy billionaire Eurnekian’s digital bank

10-04-2021 08:40 Argentine fintech Ualá reached an agreement to buy local billionaire Eduardo Eurnekian’s digital bank Wilobank, according to people with direct knowledge of the matter.

NEW REPORT

Argentines have US$250 billion stashed outside financial system, says INDEC

03-04-2021 08:47 Deposits in bank accounts abroad,safety deposit boxes at home or hidden "under the mattress," shares, bonds all contribute to this total.