About 65.5 million Mexicans are now using the internet, with smartphone vendors giving computer makers a run for their money.

In its latest index of global fintech hubs, Deloitte said Mexico has a concentration of experienced founders along with deep pools of technical and business knowledge.

Mexican mobile application developer Jaguar Labs has been acquired by U.S. software services firm Tiempo Development, which completed the acquisition to “further bolster its bilingual and bi-cultural software engineering team”.

Mexico’s federal government has set aside 1.5 billion pesos (US$81 million) to stimulate technology investment by private enterprises.

Mexico’s federal government is framing new laws to regulate the country’s burgeoning financial technology (fintech) industry. The new law, says the government, will put an end to money laundering and banking fraud.

Payza, a global online payment app first developed in London, England, has made the Mexican peso available within the platform. Members of…

U.S. technology firm Bastian Solutions has added consulting services to its Mexican operations in order to capitalize on the growing demand for automation technology in the Latin American country.