Visa makes Big Bet on Mexico's digital future with Prosa acquisition 🇲🇽; Not just for degenerates: Robinhood is now luring wealthier investors 💸

FinTech is Eating the World, 18 December

Hey Everyone,

Happy Monday! It’s crazy to write it but this is the last edition of the weekly newsletter in 2023 (don’t worry, some awesome stuff is already lined up for the rest of the week!). It’s hard to believe that the year is almost over. But melancholy aside, we’re going to finish this in style as today we’re looking at Visa’s BIG Bet on Mexico's digital future with another M&A (what it’s all about, why Mexico and why it can be huge + some other solid deep dives), and Robinhood, which is now luring wealthier investors (their brilliant promotional strategy for non-degenerates and what’s next under the HOOD 0.00%↑). Let’s jump straight into the thrilling stuff 🌶

Visa makes Big Bet on Mexico's digital future with Prosa acquisition 🇲🇽

The news 🗞️ Another one 🌮 Despite the year rapidly coming to an end, FinTech giant Visa V 0.00%↑ refuses to slow down - it is now acquiring a majority stake in Mexican payments processor Prosa.

The financial powerhouse is betting big that digital payments in Mexico are poised for rapid growth (solid bet!). The deal, expected to close in 2024 pending approvals, will give Visa over 50% ownership while Prosa's bank shareholders retain a minority stake.

Let’s take a closer look at what it’s all about and why it can be huge.

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