“We know from previous experiences…that building a fintech, and particularly issuing cards, in Latin America is a real nightmare,” said Pomelo co-founder and CEO Gaston Irigoyen. “It takes anywhere from 12 to 18 months to launch a simple prepaid card, and unfortunately companies have to go through the painful experience of repeating the process in every market where they operate.”

https://techcrunch.com/2021/05/12/argentinas-pomelo-raises-9m-to-build-a-new-payments-infrastructure-for-latam-fintechs/