
Creo Solutions to Launch Booya, an OLP to Expand Financial Inclusion in Mexico
MEXICO CITY, MEXICO - Media OutReach Newswire - 11 March 2025 - Mexican fintech company Creo Solutions is set to launch Booya, a new online lending platform designed to serve the country's underbanked population. Scheduled for release in March, Booya aims to enhance financial inclusion by providing fast, accessible, and flexible credit solutions.
Booya offers micro installment personal loans with terms of up to 12 months, ranging from 300 to 30,000 pesos per loan. The platform features a streamlined, fully digital application process, requiring only three minutes to apply and five minutes for loan disbursement. By offering unsecured loans with manageable repayment plans, Booya provides a fast and convenient alternative to traditional banking, enabling individuals to address urgent financial needs with ease.
As Mexico moves towards a more digitally inclusive economy, Creo Solutions remains committed to fostering financial empowerment through technology. With Booya, the company is taking a significant step toward bridging the financial gap and supporting economic resilience across the country.
Leveraging Creo Solutions' proven credit technology, Booya is designed to reach a broader audience by eliminating the lengthy and complex processes often associated with traditional banks. The platform addresses the everyday cash flow challenges of underbanked consumers, helping them navigate financial emergencies quickly and efficiently.
In its initial phase, Booya will focus on small installment loans for the unbanked and underbanked population. Moving forward, Creo Solutions plans to expand its offerings to include Buy Now, Pay Later (BNPL) solutions and digital banking services, further broadening access to digital financial tools.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Los Angeles Times
2 hours ago
- Los Angeles Times
Mexico threatens to sue Musk's SpaceX over contamination from exploding rockets
Mexico City — A small Texas town just across the border from Mexico is the testing ground for Starship, the hulking spacecraft that Elon Musk hopes will one day ferry people to Mars. In recent months, multiple test launches have ended in explosions, causing debris to rain down on both countries and in the Gulf of Mexico. Mexican scientists say the wreckage is killing wildlife, including dolphins, sea turtles and fish. Amid growing pressure from her constituents, Mexican President Claudia Sheinbaum said this week that her government is investigating the 'security and environmental' impacts of Musk's rockets and has found that 'there is indeed contamination,' a charge Musk's company denies. Sheinbaum said her government is trying to determine whether SpaceX has violated international laws and said Mexico will file 'necessary lawsuits.' Her statements come amid hightened tensions between the U.S. and Mexico on security, migration and the economy. President Trump's new tariffs on Mexican imports and threats of U.S. drone strikes on cartel targets have sparked a surge of nationalism here. Musk, a billionaire who is also the CEO of Tesla and the owner of X, is closely allied with the U.S. administration, having donated more than a quarter billion dollars to help elect Trump. For several months this year he was the informal head of Trump's Department of Government Efficiency. SpaceX said in a post on X that independent tests performed on the material used in Starships confirm that it 'does not present any chemical, biological or toxicological risks.' The company said it attempts to recover all debris from exploded devices. U.S. groups have also blamed SpaceX rockets for environmental degradation. The company's Starbase launch facility in South Texas abuts the Boca Chica Wildlife Refuge, an expanse of tidal flats, mangroves and sand dunes that is home to rare and endangered species including ocelots, sea turtles and northern aplomado falcons. A coalition including the Sierra Club and a local Native American tribe sued the Federal Aviation Administration and the U.S. Fish and Wildlife Service, alleging the agencies approved test launches without conducting thorough environmental reviews. They say failed rocket launches have spread concrete and metal debris across thousands of feets of surrounding lands — and once set off a fire that burned several acres of protected dunes. In Mexico, environmentalists began raising alarm earlier this year after space debris was discovered in the border city of Matamoros, in the Río Bravo — as Mexico calls the Rio Grande — and in the Gulf of Mexico. A local NGO in the state of Tamaulipas issued a report documenting animal deaths in a region known as a nesting ground for manatees, sharks, whales and other animals. It warned particularly about risks to sea turtles who ingest particles of space debris. The group said it had collected more than a ton of debris scattered along an area more than 25 miles long. The governor of Tamaulipas said authorities were also looking into the issue. Gov. Américo Villarreal Anaya said his government will verify whether 'the internationally required distances are being respected in order to have these types of facilities so that there is no risk to urban centers.'
Yahoo
3 hours ago
- Yahoo
Trump says he is cutting off trade talks with Canada
US President Donald Trump has said he is cutting off trade talks with Canada "immediately" as the country looks to start enforcing a tax policy targeting big tech companies. The latest move, which he announced on social media, comes as the neighbouring nations had been working to agree a trade deal by mid-July. Both countries have imposed tariffs on each other's goods after Trump sparked a trade war earlier this year and threatened to annex Canada using "economic force". On Friday, the US president said he was ending talks due to what he called an "egregious tax" on tech companies and added he would announce new tariffs on goods crossing the border within the next week. "We are hereby terminating ALL discussions on Trade with Canada, effective immediately," he wrote on social media. "We will let Canada know the Tariff that they will be paying to do business with the United States of America within the next seven day period." Canada's 3% digital services tax has been a sticking point in its relationship with the US since the law was enacted last year. The first payments are due on Monday. The Canadian finance minister, whose office confirmed the country would move forward with the tax, did not immediately respond to requests for comment from the BBC. Business groups estimate it will cost American companies more than $2bn a year. Canadian officials have said they expected to address the issue as part of trade talks with the US. There were hopes that the relatively warm relationship that newly-elected Prime Minister Mark Carney has forged with Trump might help those negotiations. The president's latest move casts doubt on a future deal, though Trump has often used social media threats to try to gain leverage in talks or speed up negotiations he sees as stalling. Last month, for example, he threatened to ramp up tariffs on goods arriving to US shores from the European Union, only to climb down a few days later. Canada will deal with Trump 'on our terms', Carney tells BBC The US is Canada's top trade partner, buying more than $400bn in goods last year under a longstanding free trade agreement. But Trump hit that trade with a new 25% tariff earlier this year, citing concerns about drug trafficking at the border. New US tariffs on cars, steel and aluminium have also scrambled relations. Car parts, for example, cross US, Mexican and Canadian borders multiple times before a vehicle is completely assembled and such import taxes threaten supply chains. Trump later carved out exemptions for some goods in the face of widespread alarm from businesses in both the US and Canada, which has hit back with tariffs of its own on some US products. Shares in the US fell on Friday after Trump said he was cutting off talks.
Yahoo
7 hours ago
- Yahoo
Foreign stocks are crushing US shares, even with the new record high
American investors are pumped about a new record high in the S&P 500 stock index. Meh. It's actually not much to brag about. South Korean stocks also hit new highs recently, and they're up 37% so far this year. German stocks are up 28%. Mexican stocks, up 27%. The gain in Hong Kong is 20%. All foreign stocks combined are up about 15%. The big 2025 gain American stock investors are celebrating? A paltry 5%. That modest gain is obviously better than the dismal April sell-off that followed President Trump's April 2 announcement of sweeping 'reciprocal tariffs' on imports from dozens of countries. Within a few days of that depressing news, US stocks were down 16% for the year. Trump blinked and postponed most of those tariffs till July 9. There's a good chance he'll postpone the deadline again as it draws nigh. The US stock market has clawed back Trump-induced losses as Trump has modulated his tariff demands. When Trump took office in January, the average tax on imports was around 2.5%. The reciprocal tariffs would have raised that to around 28%, high enough to force price hikes on millions of consumers, dent corporate profits, and possibly cause a recession. While Trump postponed the reciprocal tariffs, he left in place a bunch of others, including a new baseline tariff of 10% on most imports; a 30% tax on most Chinese imports; additional tariffs on steel, aluminum, automotive products; and a few other things. The average tariff is now around 15%. Read more: 5 ways to tariff-proof your finances US stocks got back into positive territory for the year in May, and they've drifted upward since then. Investors have basically decided they can live with the Trump tariffs as they are now. Growth will be slower and inflation higher, but investors' collective assessment is that the public companies that comprise the US stock market will largely be able to protect their profit margins. Yet the longstanding allure of American stocks has vanished during Trump's second term. 'The first half of 2025 is a case study on why investors should consider international diversification,' investing firm Charles Schwab advised in a recent analysis. 'US stocks have underperformed international stocks so far this year amid unpredictable and uncertain policy moves in the U.S. The second half of the year may see continued volatility and international stock market leadership could remain a trend.'Trump says foreign countries pay his tariffs, which is patently untrue. Investors know that, part of the reason US stocks are floundering. American importers pay the tariffs to the US government the moment they receive a foreign shipment. Those businesses bear the cost of the higher tariffs right away. Then they pass on as much of the higher cost to their own customers as possible, all the way to ordinary consumers. From March through May, the US government collected $46 billion in import taxes, 283% more than during the same period in 2024. Trump's tariffs could easily bring in an additional $300 billion per year. Administration officials brag about the new revenue the tariffs are bringing in, but they don't bother to point out that these taxes raise costs for American businesses and consumers. The US stock market has thoroughly trounced global stocks since 2015, and especially since the COVID pandemic that arrived in 2020. Massive amounts of fiscal and monetary stimulus during the pandemic rapidly bounced the US economy out of recession and led to a robust recovery unmatched by any other large economy. US tech firms still dominate in artificial intelligence and other trends leading stocks higher. So the US market's weak performance in 2025 could be a temporary blip. Yet longer-term fissures are also driving global investors out of the US market. America's massive national debt, now more than $36 trillion, has started to cause wobbles in financial markets. Instead of dealing with the problem, Republicans who control Congress are poised to pass a package of tax cuts likely to add yet another $4 trillion to the debt. Read more: What is the US debt ceiling, and how does it impact you? At some point, there will be so much Treasury debt flooding the market that there won't be enough buyers. That will force the Treasury to pay higher interest rates, making the whole problem worse. All other interest rates will rise in unison, raising borrowing costs throughout the US economy. No wonder all three major ratings agencies have now downgraded the US credit rating, with Moody's being the last to do so in May. There have already been instances in recent months when US interest rates rose in circumstances where they'd normally be dropping. That alone triggered a 'sell America' trade in which investors ditched American assets in favor of foreign ones. The value of the US dollar, correspondingly, has weakened by 10% so far this year as demand for dollar-denominated assets weakens. One curiosity of the sell America trade is that countries Trump is targeting most aggressively with tariffs are still outperforming American stocks. Mexican stocks are beating the US market by 23 percentage points in 2025. European shares are beating their US counterparts by 15 points. Chinese stocks are doing 13 points better. Again, that reflects investor belief that the Trump tariffs will hit US profits more than foreign ones. To some extent, foreign stocks are catching up with an American market that has been investors' favorite for a decade. But Trump's tariffs could change the equation indefinitely. America isn't quite last, but it definitely isn't first. Rick Newman is a senior columnist for Yahoo Finance. Follow him on Bluesky and X: @rickjnewman. Click here for political news related to business and money policies that will shape tomorrow's stock prices.