Foreign Direct Investment Decreased in 2022
Foreign direct investment and domestic investments decreased in 2022. Nevertheless, Mexican finance company Clara received debt funding from Accial Capital to expand its operations in Latin America. Moreover, companies are urging the finance market in Mexico to expand payment services.
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Net Foreign Direct Investment Decreases in 2022
In 2022, Mexico’s net foreign direct investment, which measures both reception of foreign direct investment and investments of Mexicans in other countries, decreased by 30.6% when compared to the previous year, according to BBVA Research’s preliminary figures. However, Mexico’s reception of foreign direct investment grew to US$38.59 billion, reports the firm.
Unicorn Clara Obtains Debt Funding
The Mexican company has gained US$90 million in fresh debt funding led by US debt provider Accial Capital, as Clara looks to boost its expansion in Latin America.
Paymentology Encourages Fondeadora to Launch Apple Pay in Mexico
A strategic partnership has been announced between Paymentology, a global issuer-processor, and Fondeadora, a leading financial service provider in Mexico. With the collaboration, the parties aim to expand payment services in Mexico, including the introduction of Apple Pay to digital banking customers. The partnership will see Fondeadora utilizing Paymentology’s advanced cloud-based digital payment platform to deliver an improved payment experience including faster transaction processing, stronger security measures and more sophisticated data analytics.
Canada Requests Formal Talks With Mexico Over GMO Restrictions
Canada has formally requested consultations under USMCA with Mexico regarding its limitations on genetically modified (GMO) agricultural imports. The request came a day after the US made a similar request for trade consultations over Mexico’s plans to restrict imports of GMO corn and other agricultural biotechnology products.
According to the World Economic Forum's Global Competitiveness Report, Mexico ranks 110th out of 141 countries in terms of access to financing. This lack of access to finance can make it difficult for businesses to manage their cash flow and invest in their future growth. In Mexico, businesses need to improve the tools available to managers and business owners to predict cash flow and enable more access to credit for SMBs.
Can Open Finance Be a Turning Point for Financial Inclusion?
Financial inclusion is a key issue for Mexico's economic and social development. Despite advances in bancarization and digitalization of financial services, a large part of the population still prefers to use cash for payments and is outside the current financial system.
Elon Musk, Twitter and Lessons on the Home Office Debate
In the very disturbing but, at the same time, very entertaining saga of Elon Musk at the top job for Twitter, there have been multiple episodes that have come to Fabrice Serfati’s attention.