Latest news with #Argentina-based
San Francisco Chronicle
6 days ago
- Business
- San Francisco Chronicle
Pampa: Q2 Earnings Snapshot
BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Pampa Energia SA (PAM) on Wednesday reported profit of $40 million in its second quarter. On a per-share basis, the Buenos Aires, Argentina-based company said it had net income of 70 cents. _____
Yahoo
03-07-2025
- Business
- Yahoo
Mastercard (MA) Divests Mexico Digital Payment Unit
Mastercard Incorporated (NYSE:MA) is one of the 13 best blue-chip stocks to buy according to analysts. On June 27, Argentina-based fintech startup Tapi announced its acquisition of the bill payment and cash-handling divisions of Arcus, a Mastercard-owned company, expanding its footprint in the Mexican market. Bornfree / The acquisition will give Tapi access to a vast network of cash-in and cash-out locations across Mexico. The acquisition will also enable the company to expand its digitization efforts in a market with growing fintech adoption. Tapi expects the expansion to allow them to process more than 270 million transactions in Latin America by year-end. Mastercard, Arcu's parent company, will retain the brand and payment processing and reconciliation technologies through Mexico's real-time interbank network. Mastercard Incorporated (NYSE:MA) is a financial technology company focused on the payments industry. It facilitates electronic funds transfers (EFTs) through its network, enabling transactions using branded debit, credit, and prepaid cards. While we acknowledge the potential of MA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
tapi buys Mastercard's Arcus operations in Mexico
Argentina-based payments startup tapi has acquired the bill payment and cash-handling operations of Arcus, a Mastercard company, in Mexico. The financial details of the transaction have not been disclosed. Arcus provides support for bill payment and cash-in, cash-out services for billers, retailers, fintechs, and traditional financial institutions in both the US and Mexico. Its primary offering, the Arcus Pay Network, reportedly connects directly with major billers and some of Mexico's largest retail chains. The platform was authorised to handle payment processing, settlement, and reconciliation through Mexico's real-time Interbank Electronic Payment System (SPEI). Through this acquisition, tapi gains access to an extensive network of cash-in and cash-out points, including major retailers like OXXO and 7-Eleven, while also broadening its connections with billers nationwide, according to the company. tapi CEO Tomas Mindlin, confirmed that the operation was an all-cash transaction. The company plans to utilise part of the $32m it has raised in total, along with profits generated over the past three years, to fund the acquisition. The startup anticipates that this expansion will enable it to process over 270 million transactions in Latin America by the end of this year, amounting to a total payment volume of $5.5bn. Mastercard, which acquired Arcus in 2021, will retain the brand as well as the payment processing and reconciliation technologies through Mexico's real-time interbank network, SPEI. In an interview to Bloomberg, Mindlin said: 'We believe it will be an investment that will pay off very quickly, both in terms of current cash flow, the full scope of what Tapi and Arcus can do together, and the growth of the fintech industry in the region.' 'However, we are not here to make profits in the short-term, but rather to drive the development of the sector in Latin America, especially in Mexico.' tapi collaborates with banks and fintechs to process recurring payments, cash transactions, and other payment types through a single integration. "tapi buys Mastercard's Arcus operations in Mexico " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Grupo Financiero Galicia: Q1 Earnings Snapshot
BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Grupo Financiero Galicia SA (GGAL) on Tuesday reported first-quarter earnings of $154.1 million. The Buenos Aires, Argentina-based bank said it had earnings of 96 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. The financial services provider posted revenue of $2.18 billion in the period. Its revenue net of interest expense was $1.51 billion, which did not meet Street forecasts. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GGAL at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Grupo Financiero Galicia: Q1 Earnings Snapshot
BUENOS AIRES, Argentina (AP) — BUENOS AIRES, Argentina (AP) — Grupo Financiero Galicia SA (GGAL) on Tuesday reported first-quarter earnings of $154.1 million. The Buenos Aires, Argentina-based bank said it had earnings of 96 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. The financial services provider posted revenue of $2.18 billion in the period. Its revenue net of interest expense was $1.51 billion, which did not meet Street forecasts. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GGAL at
