Mobile payments startup in Mexico receives massive investment funding

Mexico Mobile commerce

Startup company called Clip has raised $1.5 million to implement Mexican smartphone transactions. Clip, a mobile payments startup, has managed to raise $1.5 million in funding in order to create a smartphone based transaction system that will cater to consumers in Mexico, providing a service that has been compared to Square. There are considerable differences, however, between what Clip and Square provide their customers. The mobile payments service at Clip is focused primarily on the needs of specific local markets, such as that of the Spanish speaking world in Mexico.…

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Mobile payments industry report shows great potential in Mexico

Mobile Payments

A new analysis of alternative transactions for Mexican consumers has shown possible future success. A report has just been issued that is providing considerable insight into the role that mobile payments is currently playing and that it will play in the future, when it comes to the consumer financial services environment in Mexico. The landscape in that country at the moment is driven by innovations in technology and regulatory changes. These have allowed consumers to be able to open up more accounts, but has also made for a very natural…

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