How Mexico City Became A Hotbed For Startups

11/30/16 Forbes

mexico_city_at_night_2005On the corner of corner of Moneda and Licenciado Primo Verdad streets in Mexico City sits the first printing press in the Americas, established in 1539. Not far from that historic site of innovation is the Zona Rosa, one of many neighborhoods in the city center known for its trendy restaurants and bars – and increasingly – a lively startup community.

That’s near where WeWork is located, a shared workspace that many young entrepreneurs call home. Based in the Bay Area with offices all over the world, the Mexico City outpost looked like any Silicon Valley shared workspace with its casually hip young crowd, micro-roasted coffee and micro-brewed beer on tap — and even a few dogs.

It also turned out to be the perfect locale for a recent innovation event hosted by SAP and Endeavor, where a panel of young startup leaders discussed how their companies are using technology to digitally disrupt everything in Mexico; from the mid-range furniture market to domestic cleaning services.

Read more…

Uber

“Uber Is Launching its Own Debit Card”

10/24/2016 Fortune 

Uber UBER 0.00% has partnered up with MasterCard MA 0.14% and Mexican online bank Bankaool to launch a debit card in Mexico.

According to Business Insider, the UberCard will only be available in Mexico where many card providers don’t allow their customers to use their cards for online payments, which is what Uber generally relies on. Luckily, because of MasterCard’s role in this collaboration, UberCard payments aren’t only relegated to the Uber app, but can be used anywhere that MasterCard is accepted.

Read more… 

Mexico’s TV Giveaway Spawns Questions

09/29/2016 The Wall Street Journal 

typing on computer keyboardMEXICO CITY—Mexico, long considered a free-market bastion in Latin America, recently carried out one of the region’s biggest government giveaways: a $1.3 billion program to hand out close to 10.5 million flat-screen television sets to the country’s poor.

The government touted the program, aimed at low-income mothers, senior citizens and other welfare recipients, as a model of social inclusion and the best way to push the country forward from analog signals into the digital age. The number of televisions given away was equal to twice the sets Mexicans normally buy in a single year.

Read more… 

Border students are shaping the future with technology and innovation

09/06/2016 The Huffington Post

Social-media-communicationExpanding access to clean water and other natural resources. Ending gender violence. Improving physical and mental health. Increasing educational attainment for all students. These are some of the pressing challenges we face and will continue to face unless we decide to do something about it.

Here is a thought: how about we ask our young people to use the latest technology and innovation to solve these problems? After all, these are problems they will inherit should we fail to solve them now.

Read more…

Thousands flock to Mexico City streets for Pokemon Go

08/21/2016 Reuters

pokemon.jpgThousands gathered in Mexico City’s Chapultepec Park on Sunday (August 21) to play Pokemon Go and celebrate the worldwide app phenomenon.

Mexicans of all ages, some in costume, descended on the park early in the day, phones and tablets in hand, ready to capture Pokemons.

Pokemon player Julio Cesar said he wasn’t a fan at first.

“When the app came out, the truth is that I spoke very badly of it as did those who play conventional video games. But I had the chance to try it and it is very addictive and I like it a lot and I see that it can bring people together to meet each other,” he said.

Read more…

BBVA selects 56 startups to compete in Open Talent innovation contest

08/08/2016 Finextra

startupsThe finalists of the 8th edition of the BBVA Open Talent contest were announced today. They will compete in three separate finals in Mexico, London and New York in September.

Startup Musoni and its microfinance solution won the BBVA Open Talent 2016 special Financial Award. Musoni has developed a system that leverages technology to help financial institutions optimize their microfinance services, boost efficiency, improve cost-effectiveness and broaden their reach in rural areas where most of the population remains unbanked.

Mexico’s Richest Man Wants a Three-Day Workweek

08/04/2016 Bloomberg

slimThe following is a condensed and edited interview with Carlos Slim, chairman emeritus, América Móvil.

Can you tell us about your plan for shorter workweeks?
Shorter workweeks are a solution to civilization shifts. Historically, the more technology advances and the more progress there is, people work less. What’s happening now is that people live longer, in better health, and without the need for physical effort. This civilization demands more knowledge, more experience, less physical exertion. Productivity has increased exponentially—despite the denial of some economists. And we see that’s why unemployment is a big problem in a lot of countries, but more specifically Europe. It’s important that people don’t retire at 50, 60, or 65 years old. I think people should retire later, because they’ll have more knowledge and experience. And I think they should work three days a week, so that it creates space for others.

Read more…