X Closes Its Operations in Brazil
The social media platform X, formerly known as Twitter, announced the immediate termination of its operations in Brazil, one of the largest media markets in Latin America.
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Brazil’s Central Bank Delays Launch of Recurring Payments Feature
The Central Bank of Brazil has decided to postpone the launch of the recurring payments feature to be added to the instant payment transaction system called Pix.
Pismo Activates Ledger Update
Pismo, a global cloud-native provider of core banking services and bank card processing, has announced that a significant upgrade has been made to its authorization engine.
Brazil Stark Bank Doubles Profit
Stark Bank, one of the few startups from Latin America that received funding from Jeff Bezos’ family office, is currently recording profits as part of its activities to assist companies in handling payment transactions.
Nubank Approaches $1 Billion in Revenue
Brazilian neobank Nubank is confident that it will be able to become the largest financial services company in Latin America.
The Safest Place to Live in Brazil
Brazil, a captivating country located in the vast continent of South America, is widely acclaimed for its breathtaking and awe-inspiring landscapes.
Itau Unibanco Offers Bitcoin Trading
Largest private lender in Brazil Itau Unibanco enters the crypto arena with bitcoin trading service.
N26 Leaves Brazil
The decision of N26 to wind up operations in Brazil underscores its strategy to focus on its core European markets
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.
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.
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.
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