N26 Leaves Brazil
The decision of N26 to wind up operations in Brazil underscores its strategy to focus on its core European markets
Brazil - page 2
DLocal Brings Cashless Solution to inDrive Brazil
A mobility and urban services platform inDrive has chosen dLocal as its provider for the new cashless solution in Brazil.
Nubank Customer Base in Latin America Surpasses 90 Million
Brazilian challenger Nubank has surpassed 90 million customers in Latin America across its operations in Brazil, Colombia, and Mexico.
Instant Payments Play Key Role in Cash Decline: McKinsey
Cash usage declined by nearly 4% globally in 2022, with new developments in instant payments and digital wallets driving cash displacement in certain geographies.
Praso Acquires Floki’s IP
The Brazilian company Praso, which provides a distribution platform for small retailers, announced the raising of $9.3 million in investment funds and announced the acquisition of the intellectual property of Floki, a brand that uses AI to automate purchases in small bars and restaurants.
JPMorgan Boosts Its Stake in Brazil’s C6 Bank
JPMorgan has announced an increase in its stake in a Brazilian digital bank called C6 Bank.
QR Code Payments to Grow 590% in Southeast Asia by 2028: Research
A new study from Juniper Research has found the volume of QR code payments in the leading Southeast Asian market will increase from 13 billion in 2023 to 90 billion in 2028.
Matera to Boost Instant Payments With AI via Cinnecta Acquisition
Matera acquired Cinnecta for an undisclosed amount to enhance its instant payments and QR-code payments solutions with AI capabilities
Brazilian Digital Bank Inter Reports Record Profit
The Brazilian digital bank Inter has published a report on the financial results of this virtual lender in the second quarter of this year.
Amazon Launches Credit Card in Brazil
Amazon announced the beginning of cooperation with the Brazilian bank Banco Bradesco.
Mercado Bitcoin Joins CBDC Project in Brazil
Besides the largest local crypto exchange Mercado Bitcoin, the pilot of the digital real CBDC in Brazil also involves Mastercard
IMF Warns Against Crypto Ban, Calls for Better Regulation
“While a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run,” says the organization.
Nubank Introduces Innovative Life Insurance Program
Nubank customers can now give individual life insurance policies as gifts
Worldline and VTEX Partner on Global eCommerce and Payments
Worldline and VTEX have established a partnership to combine efforts to provide e-commerce and payment services at the global level by multinational merchants.
Akurateco Сollaborates With World-Card to Integrate Pix Payment Method
Akurateco, a European-based global white-label payment gateway provider, has recently announced its latest integration with Pix, the instant payment method in Brazil. The partnership was formed with the help of World-Card, a global payment solution provider. Launched in November 2020, Pix is an instant payment system that was developed by the Central Bank of […]
Visa Designed CBDC-Based Finance Platform for Farmers
Identifying new use cases for Brazil’s central bank digital currency (CBDC), Visa created a programmable finance platform for SMEs, particularly farmers, using tokenized farm contracts to access global capital markets
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