Tagged: brazil

May 24, 2025 @ 10:35 am By Omar Faridi  |  

Nu Colombia, part of Nubank (NYSE: NU), presents “Cajitas para mi gente” an initiative aimed at empowering Colombians to turn dreams into savings goals and achieve their financial objectives. New Nu customers will get a boost that “allows them to open a Money Box (Cajita)… Read More

May 21, 2025 @ 2:42 am By Omar Faridi  |  

Binance Pay is now integrated with Pix, the instant payment system developed by Brazil’s Central Bank and used by millions every day. This means users in Brazil can make real-time payments in Brazilian reais using crypto, “converting their digital assets into local currency through a… Read More

May 9, 2025 @ 1:09 pm By Omar Faridi  |  

Nubank (NYSE: NU) announces the launch of tap-to-pay Pix, a new feature that integrates NFC technology into the app to simplify in-person payments. The solution reportedly offers customers an “agile way to use Pix, eliminating the need to scan QR codes.” To use it, clients… Read More

May 7, 2025 @ 7:07 pm By Omar Faridi  |  

Digital banking provider Nubank (NYSE: NU) has recently announced the expansion of a range of benefits that provide certain financial advantages while also enhancing the Nubank+ customers’ experience. Brazil‘s Nubank noted in a blog post that about one year after its launch, a range of… Read More

April 26, 2025 @ 1:00 pm By Michael Wong  |  

NYSE-listed Fiserv Inc. has agreed to acquire Brazilian Fintech Money Money Serviços Financeiros SA in an all-cash deal that will deepen its lending capabilities for small and medium-sized merchants, the US payments major said. Under the definitive agreement, Fiserv will fold Money Money’s receivables-based financing… Read More

April 19, 2025 @ 10:50 pm By Omar Faridi  |  

A Brazilian court has reportedly sentenced Joel Ferreira de Souza, the lead launderer behind the Braiscompany cryptocurrency Ponzi scheme, to an unprecedented 128 years, 5 months, and 28 days in prison—one of the longest sentences for financial crimes in Brazil’s history. Alongside de Souza, two… Read More

April 18, 2025 @ 9:13 am By Omar Faridi  |  

Digital bank Revolut is making significant strides in Brazil with the launch of new financial products aimed at transforming the banking experience for consumers. The company recently introduced subscription plans featuring interest-bearing accounts in Brazilian reais (BRL), metal debit cards, accounts for minors, and benefits… Read More

April 15, 2025 @ 11:40 am By Omar Faridi  |  

Brazil’s digital bank Nubank (NYSE: NU), continues to redefine banking with a series of  initiatives unveiled this month. From debt renegotiation campaigns to marketing and new financial products in Brazil and Mexico, Nubank is doubling down on its mission to simplify finance, promote inclusion, and… Read More

April 1, 2025 @ 11:15 am By Omar Faridi  |  

Braazil’s digital bank Nubank (NYSE: NU) continues to streamline financial services in Latin America with a series of impactful updates. From various investment options to enhanced user features and strategic leadership appointments, Nubank is focused on solidifying its position as an innvoative fintech across Brazil,… Read More

March 26, 2025 @ 4:09 pm By Omar Faridi  |  

Nubank Crypto, part of Nubank (NYSE: NU), announced that clients will have access to new coins. The tokens Cardano (ADA), NEAR Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) will “complement Nubank’s crypto investment portfolio, which already includes 16 other options such as Bitcoin, Ether,… Read More

March 22, 2025 @ 5:43 pm By Tony Zerucha  |  

Frubana, a B2B online marketplace for the food service industry, has partnered with global nonprofit Accion and the Mastercard Center for Inclusive Growth to provide embedded financing solutions to small-scale restaurant owners in Brazil. The partnership seeks to provide access to credit to more than… Read More

March 12, 2025 @ 9:25 pm By Omar Faridi  |  

Prometeo, a Fintech infrastructure company connecting corporations with financial institutions in Latin America and the US, announced the launch of its Borderless Banking offering to support business-to-business (B2B) financial operations between the US and LatAm markets. This product integrates with the banking infrastructure in the… Read More

March 9, 2025 @ 10:34 pm By Omar Faridi  |  

On March 6, 2025, Brazil’s Central Bank, the Banco Central do Brasil, released a statement following the 259th meeting of its Monetary Policy Committee (Copom), announcing that the Selic rate—the country’s benchmark interest rate—would remain unchanged at 10.50% per year. This decision reflects a unanimous… Read More

March 9, 2025 @ 2:24 pm By Omar Faridi  |  

In a move signaling a shift in corporate treasury management, Brazilian Fintech Méliuz has embraced a new strategy to allocate a part of its overall cash reserves to Bitcoin, with the potential to make the leading cryptocurrency its primary treasury asset. Announced this past Thursday… Read More

March 2, 2025 @ 5:31 pm By Omar Faridi  |  

OneKey Payments, one of Brazil’s payment solution providers, is expanding its instant payment offerings with Belvo’s Biometric Pix. Already a Belvo client using Pix via Open Finance, OneKey is now adding this new feature to its portfolio, “bringing security and convenience to its merchants and… Read More

February 27, 2025 @ 10:07 pm By Omar Faridi  |  

Clara will now aim to offer its customers throughout Mexico, Colombia and Brazil Sumsub’s “full-cycle” verification platform and KYC/AML compliance expertise. Sumsub, a verification and compliance solutions provider, announced its partnership with Clara, the solution in Latin America for corporate expense management. This alliance will… Read More

February 26, 2025 @ 4:21 pm By JD Alois  |  

QED Investors and Valor Capital have led a $26.7 million Series A funding round in Capim, a Fintech based in Sao Paolo, Brazil. The company launched in 2021. The round included existing investors ONEVC, Canary, and NXTP, as well as new investors Endeavor, Saison, and Actyus. Capim is… Read More

February 23, 2025 @ 7:54 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2024 financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “2024 was… Read More

February 7, 2025 @ 12:03 pm By Omar Faridi  |  

AstroPay, a global enabler of digital financial solutions, says that it is redefining financial connectivity in Brazil with its expansion and acquiring a  Payment Institution (PI) license issued by the Central Bank of Brazil. This license is from the Central Bank of Brazil, underscoring AstroPay’s… Read More

January 21, 2025 @ 8:20 am By Omar Faridi  |  

Brazil’s digital banking platform Nubank (NYSE: NU) is reportedly expanding the feature that rewards holders of the digital dollar USDC to all users of Nubank Cripto in Brazil. As noted by Nubank, this latest expansion allows daily returns on a minimum balance of “10 USDC… Read More