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Airwallex Scoops Up Competing Fintech As It Looks to Grow in Latin America

Airwallex has agreed to terms to acquire rival payments fintech MexPago in order to bolster its presence in Latin America. So reports CNBC.

Airwallex, a competitor to Block, Stripe and PayPal, offers cross-border payment services to medium- and small-sized businesses. The buyout sum Airwallex paid to acquire MexPago was not disclosed.

Read the full article from CNBC.

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