Stablecoin issuer Circle says it has officially launched in Brazil. The expansion into South America’s largest country gives Circle the chance to offer its popular USD Coin to new users, the company said Wednesday (May 29). “The move comes at a time of exponential fintech...
Brazilian bank Banco Inter, a business unit of Inter&Co, plans to acquire the remaining 50% of merchant acquirer Granito, giving it full ownership of the company. Granito, which provides financial services to more than 100,000 small- to medium-sized businesses across Brazil, will be renamed Inter Pag, Inter&Co said...
Brazilian digital bank Nubank now has more than 100 million customers. The company announced the achievement in a Wednesday (May 8) press release, saying it was the first digital banking platform to mark this milestone outside of Asia. “In 2013, we had set ourselves the ambitious goal to reach 1 million...
FastSpring and EBANX have teamed to expand the usage of the Pix payment in Brazil. FastSpring, based in Brazil, powers payments for global Software-as-a-Service and software companies. EBANX is a tech company focusing on payments for rising markets. “This partnership with EBANX allows FastSpring to leverage local payments, starting with...
April 24, 2024
Despite outsized growth in Click-and-Mortar™ shopping opportunities in Brazil during the last three years, retailers there still don’t offer 39% of the digital features consumers want. This is just one finding from PYMNTS Intelligence’s “2024 Global Digital Shopping Index: Brazil Edition,” which was commissioned by Visa Acceptance Solutions and drew on insights from 2,200 consumers and […]
October 20, 2023
Summer’s over. Beach getaways are a thing of the past. And now the holidays approach. Jacqueline White, president at i2c, and Ray Chalub, COO of Inter & Co., told PYMNTS...
June 18, 2023
Despite large proportions of unbanked households hampering real-time payments adoption in Latin America, some countries in the region are expected to see massive real-time payments growth in the coming years. ...
June 02, 2023
PIX. Mercado Pago. Pickup. Apps. Data protection. These are a few of the digital shopping trends and payment options that are key to winning customers in Brazil — one of...
May 29, 2024
Brazilian eCommerce company Olist is expanding its banking services. Founder and CEO Tiago Dalvi told Bloomberg News on Wednesday (May 29) that the company expects to process almost 15% of its yearly transactions through its in-house banking service by the end of 2024. “After sales, the biggest challenge for our clients is access to financial […]
May 29, 2024
Stablecoin issuer Circle says it has officially launched in Brazil. The expansion into South America’s largest country gives Circle the chance to offer its popular USD Coin to new users,...
May 28, 2024
Brazilian bank Banco Inter, a business unit of Inter&Co, plans to acquire the remaining 50% of merchant acquirer Granito, giving it full ownership of the company. Granito, which provides financial services to more...
May 08, 2024
Brazilian digital bank Nubank now has more than 100 million customers. The company announced the achievement in a Wednesday (May 8) press release, saying it was the first digital banking platform to mark this...
