Mastercard is asking some of Brazil’s largest payment processors to pay half the cost of its losses from the failure of Banco Master, Bloomberg reported Friday (May 22)....
Brazil’s central bank is reportedly facing budget and staffing strain amid a financial system boom. As Bloomberg News reported Tuesday (May 12), the regulator’s staffing...
Brazilian payments firm Elo is reportedly working on an initial public offering (IPO). The company has tapped banking partners as it prepares to list in the U.S....
Brazil has forbidden electronic foreign exchange (eFX) companies from using cryptocurrencies to settle overseas remittances. That’s according to a new resolution from the country’s central...
PayPal is bringing Brazil’s Pix payment system to its small and medium-sized business (SMB) customers. “With Pix now available through PayPal Complete Payments, small businesses can...
TikTok is reportedly seeking permission to provide lending and payment services in Brazil. The social media platform has filed for two licenses with the Brazilian central bank,...
Brazil’s new finance minister, Dario Durigan, plans to postpone new rules on crypto taxation, Reuters reported Friday (March 20). These rules are among several controversial...
PicPay, the Brazilian digital payments firm, is increasingly leaning on artificial intelligence to manage its rapid scale. The Brazilian digital payment firm discussed this effort...