MercadoLibre’s fintech arm, Mercado Pago, has officially applied for a banking license with Mexico’s National Banking and Securities Commission (CNBV), the company announced on Wednesday. The application was submitted earlier this month, according to a statement from Mercado Pago. In May, Mercado Pago expressed its ambition to become the largest digital bank in Mexico with […]
Microsoft to spend $1.3 billion in Mexico on cloud, AI tech
Microsoft has announced plans to invest $1.3 billion over the next three years to enhance its infrastructure in Mexico for cloud computing and artificial intelligence. According to Chairman and CEO Satya Nadella, this investment represents the company’s commitment to expanding its presence in Mexico. “We’re doubling down on bringing more capacity to Mexico,” he said […]
Opening price of the dollar in Mexico today, September 25: peso loses strength after streak of appreciation
The US dollar is paid today at 19.43 Mexican pesos on average, which represents a change of 0.57% compared to the 19.33 pesos of the previous day. With respect to the last week, the US dollar has risen by 0.75%, which is why it has accumulated a rise of 7.12% since a year ago. According […]
AMLO seizes U.S.-owned port in final week as Mexico’s leader
President López Obrador’s actions have drawn criticism from international investors and U.S. business interests after Mexico’s expropriation of a U.S.-owned port in its final week. The move prevents Vulcan Materials Company, based in Alabama, from extracting limestone at a site it has been developing for decades. Shares in the company fell 1.2 percent to $249.46 […]
Japan-Mexico Cross Connect Launches to Boost Innovation in Guanajuato
Guanajuato has made a significant leap forward in its bid to become the innovation hub for Central Mexico by launching the Japan-Mexico Cross Connect initiative. This collaborative effort aims to strengthen ties between the two nations through knowledge and innovation exchange. According to Juan Antonio Reus Montaño, General Director of IDEA GTO, the state’s “Mentefactura” […]
Yucatán, a Benchmark in Nearshoring: Index
Yucatán was recognized by the National Council of the Maquiladora and Export Manufacturing Industry (Index) as an international benchmark for nearshoring and private investments due to its public security, geographical position, and new transportation projects promoted by the Government. The expansion projects of the Progreso Deepwater Port, as well as the vocation of the Maya […]
49th National Index Convention Kicks Off in Mérida, Yucatán in 2024
The 49th edition of the National Index Convention 2024 began in the city of Mérida, Yucatán, a space for analysis and dialogue that brings together key players in the country’s manufacturing and export industry. The event aims to propose strategies that allow the sector to position itself in the face of current challenges, in order […]
Are investments in Mexico on hold due to judicial reform? This is what we know
It will be until the medium or long term when the impact on possible technological investments that may or may not come to Mexico is really known; since it is necessary to wait for the publication of the secondary laws of the recently approved reform to the Judicial Branch, said Alejandra Lagunes, president of the […]
Amagi Expands Footprint in Latin America with Mexico Entry
Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), has announced its entry into the Mexican market. This strategic move highlights Amagi’s commitment to global expansion and underscores its belief in the vast potential of the Latin American media and entertainment industry. Amagi has also appointed Miriam Rios as the […]