Tagged: brazil

Nubank Reportedly Adds Government Bonds Investments as Collateral Option for Credit Card Limit Increase

Nubank (NYSE: NU), which claims to be one the largest digital banking platforms outside of Asia, announces the expansion of Nu Limite Garantido, which is described as a feature that enables clients to increase their credit card limit. Gradually, the eligible customer base is reportedly being… Read More

Brazil’s Barte Raises $8m in Series A to Scale Modular Payment Solutions

Barte, a Brazilian Fintech firm, has announced raising $8 million in its Series A funding round that will help it scale its modular payment solutions. The latest funding round was led by AlleyCorp, a New York-based venture capital firm founded by serial entrepreneur Kevin Ryan,… Read More

Brazil’s Digital Bank Nubank’s Nu Asset Unit Launches NBOV11, a New Exchange-Traded-Fund (ETF)

Nu Asset Management, Nubank’s (NYSE: NU) investment fund manager, announces the launch of Nu Ibovespa B3 BR+ (NBOV11), the first ETF on the market indexed to Ibovespa B3 BR+. The new fund is now available for trading on B3. The Ibovespa B3 BR+ is a… Read More

Brazil’s Digital Bank Nubank Enters Agreements to Expand Total Addressable Market for Payroll Loans

Nubank (NYSE: NU) announces the signing of agreements with the states of Rio de Janeiro and Minas Gerais to expand the offering of payroll loans. With these two new contracts, the company reaches a “total of 11 agreements and expands its total addressable market (TAM)… Read More

Circle Announces Availability of Stablecoin USDC in Brazil, Mexico via National Payment Systems with Local Currency

USDC is now available in Brazil and Mexico through national payment systems, with local currency. Fiat transfers through real-time payment systems accelerate “access to digital dollars.”: Since Circle’s founding more than a decade ago, it’s been their mission “to harness the power of blockchain networks… Read More

Banco Central do Brasil (BCB) Accelerates Introduction of AI into Business Processes

BCB, Brazil’s central bank, says that it is now focused on accelerating the introduction of AI into its business processes. BCB notes in a recent announcement that this will aim to serve as “a new Center of Excellence will serve as a community of practice… Read More

Brazil’s Digital Banking Platform Nubank Ultravioleta Expands Fixed Income Shelf

Ultravioleta, Nubank’s (NYSE: NU) high-income customer experience, launches today a series of Bank Deposit Certificates (CDBs, from the acronym in Portuguese) with more competitive yield rates than those already available in the app. According to the website, Ultraviliot card cashback may grow at twice the… Read More

Brazil: EBANX Predicts its Payments System Pix Will Top Credit Cards for Online Purchases in 2025

Payments platform EBANX is predicting its Pix service will top credit cards for online purchases in Brazil by 2025. According to a company statement, by 2025 Pix will account for 44% of all value transacted in online purchases in Brazil, Credit/Debit cards will are expected… Read More

Ant International Teams Up with Dock to Boost Financial Inclusion in Brazil

Ant International has launched a strategic initiative to enhance financial inclusion in Brazil by partnering with Latin American payments and banking tech firm Dock. The partnership seeks to deliver AI-driven credit technology solutions to improve credit management and infrastructure efficiency for various clients, including financial… Read More

Digital Banking: Brazil’s Nubank Enters Agreements to Expand NuConsignado Offering

Nubank (NYSE: NU) has finalized negotiations for seven new agreements to expand the offering of NuConsignado, its 100% digital payroll loan service. The new contracts include the three branches of “the Brazilian Armed Forces—the Brazilian Air Force, Navy, and Army—as well as the municipalities of… Read More

Brazil Approves Solana based ETFs

The Brazilian Securities and Exchange Commission (CVM) has now approved two Solana-based ETFs (SOL). The first was approved earlier this month, offered by a Brazilian asset manager QR Asset, according to reports. The second was approved this past week. Solana joins a global movement of… Read More

Digital Banking: Brazil’s C6 Bank Reports Steady Growth and Profitability in H1 2024

C6 Bank, a Brazilian bank whose partner is JPMorgan Chase, reported a net profit of R$969 million between January and June 2024. The bank’s first half-year profit, the result is being attributed to the ongoing work to expand revenues, control costs and stabilize “provisions for… Read More

Nubank’s Nu Asset Division Advances in Institutional Market in Partnership with Itajubá Investimentos AI

Nu Asset, Nubank’s (NYSE: NU) investment fund manager, takes its first steps into exploring the institutional investor segment. This move is part of a distribution agreement established with Itajubá Investimentos Assessores de Investimentos, a key player focused on wholesale market distribution in Brazil. Nu Asset’s… Read More

Visa Data Reveals Spending at Olympic Games Is Boosting French Economy with Largest Share of Spend from US Card Holders

Visa (NYSE: V) data shows spending at the 2024 Olympic Games is boosting the French economy The biggest share of overseas spend “comes from U.S. Visa cardholders, with most significant increases in year-on-year spending from Japan and Brazil.” Visa, the official payment technology partner of… Read More

Digital Banking: Brazil’s Nubank Appoints Tyler Horn as Chief Credit Officer

Nubank (NYSE: NU), which claims to be the largest digital banking platform outside of Asia, announces the appointment of Tyler Horn as Chief Credit Officer (CCO), effective August 2024. With extensive experience in credit risk management within the financial services industry, Tyler will be “responsible… Read More

Canadian Fintech Nuvei to Acquire Pay2All, a Payment Institution Authorized by Central Bank of Brazil

Nuvei Corporation (Nasdaq: NVEI), the Canadian Fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda., a licensed Payment Institution authorized by the Central Bank of Brazil. This strategic milestone is expected “to enhance Nuvei’s capabilities… Read More

Latin America: Nubank Is Streamlining How Brazilians Interact with Government’s Digital Services

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside Asia, is helping to streamline the way Brazilians interact with the government’s digital services. Since the partnership began in May, over 3.2 million Nubank customers “have obtained a silver… Read More

Ripple Joins Fenasbac’s Next Accelerator to Enable Blockchain Innovation in Brazilian Finance

Ripple, the enabler of enterprise blockchain and crypto solutions, and Fenasbac, the National Federation of Associations of Central Bank Servers, announced a partnership to advance fintech innovation in Brazil through the Next accelerator program. Their combined effort will “support the development of scalable financial services… Read More

Nubank Cripto, the Digital Assets Trading Platform, Enhanced with New Features

Nubank (NYSE: NU) announces the expansion of the cryptocurrency price alert service available on Nubank Cripto, the crypto trading platform on the Nubank app. Throughout August, all of the company’s 92 million customers in Brazil “will have access to the feature.” Through the new tool,… Read More

Brazil’s Lift Lab Resumes Innovation Projects for the National Financial System

The Laboratório de Inovações Financeiras e Tecnológicas (LIFT), a joint initiative of Banco Central do Brasil (BCB) and Federação Nacional de Associações dos Servidores do Banco Central, announces the resumption of activities following a hiatus in 2023. Since its inception bac in 2018, the laboratory… Read More

Send this to a friend