This article talks about the recent rise and potential of FinTech in Mexico. The writer gives some factors as to why FinTech has taken off, why it could continue to rise, and some potential obstacles.
I found this article to be fairly interesting, and told me a lot of things that I didn’t know where happening in Mexico. For example, I was not aware just how much the Mexican government had invested in technology and infrastructure. I was also not aware that Mexico had been able to attract so many entrepreneurs who have Silicon Valley experience. Based on the article, it seems like the main factor for the rush of FinTech investment in Mexico is the combination untapped number of potential customers. In places like the U.S., new FinTech companies have a lot of competition from existing FinTech and traditional financial companies. In Mexico, it seems that the market hasn’t been saturated yet, so it makes sense that investors would be so willing to try to move into the market. In addition, it makes sense that many investors would try to use Mexico as a test market for the rest of Latin America.
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