Pay fines

Walmart the Mexico and Central America, the largest supermarket chain in the country, paid the Federal Consumer Prosecutor’s Office (Profeco) 30 million pesos for fines accumulated in three years.

The payment of the fines was made after an embargo that lasted a few hours of a warehouse of non-perishable items in Mexico City.

The 30 million pesos correspond to “hundreds of fines” for various situations and stores in the years 2018, 2019 and 2020, according to the head of Profeco, who did not give details of when the retailer paid said amount and the reasons for the sanctions.

So far this year, Profeco has applied fines of more than 120 million pesos, including those collected from Walmart de México, as well as from other companies such as the Gayosso funeral home.

Both the retail giant and the Liverpool department store chain were the companies that registered the most complaints after the Good End sales campaign in the 2020 edition, related to the lack of product delivery.

Mastercard exceeded the brand of 100 million digital cards, through its alliances with 100 fintech companies in Latin America and the Caribbean (LAC).

According to Mastercard, the expectations of today’s consumers are evolving faster than ever, and banks, financial institutions and digital players are looking for even more agility to bring new solutions to market.

Mastercard’s multi-pillar business, primary focus on developers, and expanding services designed for the needs of the fintech community enable developers to build, launch, and scale innovation across the fintech ecosystem.

As the effects of the pandemic triggered the demand for digital solutions, due to the fact that many of the businesses were closed and mobility was reduced, unbanked customers who needed to buy things or pay their bills turned to digital accounts as their only way to do it.

As consumers’ lives became increasingly digitized, companies in the fintech ecosystem became critically important in creating solutions that make financial services across the region more inclusive.

Ensuring equitable digital access is the first step – and one of the most important – to include those who are still outside the digital economy.

The Asociation Mexicana de Capital Privado (AMEXCAP) and the EGADE Business School of Tecnológico de Monterrey conducted a study of Corporate Venture Capital (CVC) in Mexico.

The study was carried out through a survey of 34 questions to 19 corporations to explore in greater depth the characteristics, organizational structure, corporate governance, and strategies and sectors of investment interest of CVCs in Mexico.

The main findings of this research were, among others, that most of the participating corporations have a specific area to carry out CVC, with a mandate and an assigned structure. Of these units, 89% have between 1 and 10 employees.

Practically all the companies interviewed (89%) seek to attract and support startups of external origin and 44% of the companies in the Mexican ecosystem have financing from a fund of less than 10 million dollars.

Santander Bank He said that by 2030 it will stop providing services to clients that obtain more than 10% of their income from the thermal coal business, with the aim of supporting the fight against climate change.

Ana Botín, president of the bank, said that the global financial world is mobilizing to support the transition to the green economy, but it still needs to plan and have long-term regulatory frameworks to be successful.



Reference-www.eleconomista.com.mx

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