Argentine Fintech tapi Buys Mastercard Unit in Mexico Expansion

Argentine payments services startup tapi has acquired the bill payment and cash-handling operations of Mastercard’s Arcus in Mexico, part of a bid to double-down on Latin America’s second-largest economy.

Tapi, whose founders are Argentine but has its largest operations in Mexico, works with banks and fintechs to process recurring payments, cash transactions, and other payments through a single integration. It also processes payments for companies such as Mercado Pago, DollarApp and Stori.