A Journey into Business Leaders' Minds: The Week in TechBy Andrea Villar | Thu, 08/05/2021 - 18:08
This week took us on a tour of ideas and insights from some of the country's business leaders and entrepreneurs. While the General Manager of PayPal in Mexico told us how the company is fostering digital inclusion in the country, the Chief Product Officer of Bitso invited us to learn about the role that crypto-backed solutions play in bridging the banking penetration gap. Meanwhile, the leaders of solar panel company Bright and foodtech company Heartbest Foods tell us how they are helping to build a more environmentally friendly future.
Read this and more on The Week in Tech!
- Among all the efforts that public and private sector actors must make to achieve financial inclusion, PayPal aims to contribute by helping its users go digital. Juan Luis Bordes, General Manager of PayPal México, told MBN how the company supports financial inclusion and the actions it is taking to increase the conversion rate with merchants, which is now between 90-95 percent. “There is a great deal of talk about banking inclusion but there is also much to be done by financial institutions, governments, the private sector and other players to really achieve it,” he said. Read the full conversation here.
- The world has seen a dramatic change in financial services in the past decade. Big data analytics, decentralized payments, peer-to-peer platforms, electronic transfers and mobile access to financial services have changed the way people save, spend and transact, wrote Javier Martínez, Chief Product Officer of Bitso, on Mexico Business. “Yet, while some of us have been able to enjoy a myriad of financial services at our disposal, others still lack access to basic financial services”. In this article, he explored the challenges Latin America faces in achieving banking penetration, the benefits that bridging this gap would bring to people's daily lives and what role crypto-backed solutions play in this.
- Why is FoodTech is becoming relevant and why should you care? In this article, Aldo González, CEO and Co-Founder of Heartbest Foods writes about how we need to build a future that does not include using more land to grow food, while lowering emissions and eliminating animal mistreatment. “We have work to do to fix our broken food system,” he says. Get the whole perspective here.
- Humanity urgently needs to reverse global warming, says Jonah Greenberger, CEO of solar panel company Bright. To achieve this, the organization has a strategy in mind: “to go this big, you must start small.” In an article written for Mexico Business, Greenberger talks about the journey the company he leads has taken to become the leader in residential solar in Mexico, the challenges and goals it has ahead and the strategies it has in place to achieve them. Read the complete article here.
- The pandemic has highlighted the importance of broadband access to ensure no one is left behind as a result of social and economic development, wrote this week Joaquín Saldaña, Director of Strategy and Marketing for Latin America at Huawei. “Telecommunications have become an important tool for humankind, initially facilitating peer-to-peer voice communication and evolving to more complex and beneficial means of communication, which are now essential to our day-to-day activities.” However, he said, there is a significant gap in broadband accessibility across the globe. Read his full article here.
- Central bank umbrella group Bank for International Settlements (BIS) emphasized the urgent need for Big Tech regulation in the finance sector, citing traditional financial stability concerns, excessive concentration of market power and data governance. Big tech companies Facebook, Google, Amazon and Alibaba have long been scrutinized by global watchdogs for data collection, which they are now utilizing to break into the financial services sector with precision. BIS warns that given their existing business model these companies can rapidly scale up through a ‘data-network-activities’ (DNA) loop, thereby giving rise to concerns about excessive market power and integrity of the monetary system. Read the full article here.