brazil

EBANX Enables Merchants to Prepare for Pix Recurring Payments

EBANX Enables Merchants to Prepare for Pix Recurring Payments
EBANX Enables Merchants to Prepare for Pix Recurring Payments
October 15, 2024  |  Connected Economy

EBANX has enabled merchants to use its payment services to prepare to integrate the upcoming recurring transaction capability of Brazil’s Pix, Pix Automático (Automatic Pix)....

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92% of Small Businesses in Latin America Accept Digital Payments
92% of Small Businesses in Latin America Accept Digital Payments
October 03, 2024  |  Digital Payments

As the digital payments landscape in Latin America rapidly evolves with nearly 600 million people generating close to $6 trillion in GDP, consumers are shifting...

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PicPay Plans IPO Amid Brazil’s Digital Payments Revolution
PicPay Plans IPO Amid Brazil’s Digital Payments Revolution
October 02, 2024  |  IPO

Brazilian digital bank PicPay is reportedly planning to go public in the U.S. next year. The company is set to hire financial firms to help it with...

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Brazilian Banks: Consumer Spending Cuts Could Be Due to Rise in Online Sports Betting
Brazilian Banks: Consumer Spending Cuts Could Be Due to Rise in Online Sports Betting
September 20, 2024  |  Consumer Insights

Online sports betting reportedly may be contributing to consumer spending growing slower than expected in Brazil. Some banks and think tanks are making that connection...

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Brazil to Bar Use of Credit Cards in Online Gambling
Brazil to Bar Use of Credit Cards in Online Gambling
September 17, 2024  |  Legal & Regulation

Online gambling companies reportedly will be prevented from operating in Brazil if they haven’t requested authorization to do so. The potential suspensions announced by Brazil’s...

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VC Firm Upload Ventures Trades Credit FinTechs for AI Investments
VC Firm Upload Ventures Trades Credit FinTechs for AI Investments
September 11, 2024  |  Investments

Brazilian investment firm Upload Ventures is reportedly upping its artificial intelligence (AI) investments while avoiding credit FinTechs. That’s according to a Bloomberg News interview Wednesday...

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Nubank Defends Lending Practices as Late Payments Jump
Nubank Defends Lending Practices as Late Payments Jump
September 05, 2024  |  Loans

Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth,...

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Boomers Go Digital: The Surprising Rise of Digital Wallets Among Brazil’s Older Consumers
Boomers Go Digital: The Surprising Rise of Digital Wallets Among Brazil’s Older Consumers
September 05, 2024  |  Digital Payments

Consumers in Brazil are embracing their digital wallets for making payments. Almost half of consumers use them for paying bills, for example. Surprisingly, it is...

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