Central Bank of Brazil

Global Leading Crypto Exchange BingX Makes Move Into Latin American Fiat-to-Crypto Payments

Retrieved on: 
Tuesday, March 19, 2024
Fiat, USDT, Central Bank of Brazil, Growth, BRL, Cryptocurrency

By enabling deposits and withdrawals in BRL, BingX simplifies the process of acquiring cryptocurrencies while ensuring a secure and seamless experience for all its users.

Key Points: 
  • By enabling deposits and withdrawals in BRL, BingX simplifies the process of acquiring cryptocurrencies while ensuring a secure and seamless experience for all its users.
  • "We're excited to bring BingX's user-centric services to Brazil, marking the first step in our journey to expand across Latin America.
  • In celebration of this important development, BingX is rolling out an exclusive promotion to reward its first Brazilian users.
  • This enhancement is expected to significantly improve user experience, streamline the process of buying and selling cryptocurrencies, and make BingX a go-to platform for crypto enthusiasts in Brazil.

Global Leading Crypto Exchange BingX Makes Move Into Latin American Fiat-to-Crypto Payments

Retrieved on: 
Tuesday, March 19, 2024
Fiat, USDT, Central Bank of Brazil, Growth, BRL, Cryptocurrency

By enabling deposits and withdrawals in BRL, BingX simplifies the process of acquiring cryptocurrencies while ensuring a secure and seamless experience for all its users.

Key Points: 
  • By enabling deposits and withdrawals in BRL, BingX simplifies the process of acquiring cryptocurrencies while ensuring a secure and seamless experience for all its users.
  • "We're excited to bring BingX's user-centric services to Brazil, marking the first step in our journey to expand across Latin America.
  • In celebration of this important development, BingX is rolling out an exclusive promotion to reward its first Brazilian users.
  • This enhancement is expected to significantly improve user experience, streamline the process of buying and selling cryptocurrencies, and make BingX a go-to platform for crypto enthusiasts in Brazil.

Nu Holdings Ltd. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024
Professional Services, Payments, Technology, Finance, Fintech, Banking, Analysis, Investment, Holding, ROE, Net income, Yoy, Appendix, Webcast, Acceleration, FX, CSA, Ratio, Result, Security (finance), NU, International Financial Reporting Standards, International, Asset quality, Canadian Aviation Regulations, INSS, Conference, Central Bank of Brazil, IEP, NPL, Insurance, Prospectus, Annual report, Brazilian real, FXN, Bank

Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Fourth Quarter and Full Year 2023 financial results.

Key Points: 
  • Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Fourth Quarter and Full Year 2023 financial results.
  • Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).
  • In Brazil, the customer base reached 87.8 million by December 31, 2023, representing 53% of the country’s adult population.
  • Nu is the fourth-largest financial institution by number of customers in the country, according to Brazilian Central Bank data.

StoneCo Announces SCFI License

Retrieved on: 
Friday, January 5, 2024
Central Bank of Brazil, SCFI

GEORGETOWN, Cayman Islands, Jan. 05, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced that it received from the Brazilian Central Bank (“BCB”) the “Financeira” License, organized as a Sociedade de Crédito, Financiamento e Investimento (SCFI).

Key Points: 
  • GEORGETOWN, Cayman Islands, Jan. 05, 2024 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced that it received from the Brazilian Central Bank (“BCB”) the “Financeira” License, organized as a Sociedade de Crédito, Financiamento e Investimento (SCFI).
  • This license will enable StoneCo, through its subsidiaries, to develop and offer a range of new products, such as time deposits, which shall enhance and diversify the funding sources of the Company.

Brazil Buy Now Pay Later Business and Investment Report 2023-2030: BNPL Schemes are Expanding their Presence in the Offline Market with Pix Payment Integration - ResearchAndMarkets.com

Retrieved on: 
Friday, November 17, 2023
Technology, Fintech, Professional Services, Payments, Employment, Pix, Central Bank of Brazil, Salesforce, Product analysis, Brazilians, Ecosystem, Business model, Central Bank of Myanmar, Brazilian, Central bank, Growth, Renewable energy, Online shopping, Cryptocurrency, BNPL

BNPL payments in Brazil are expected to grow by 21.3% on an annual basis to reach US$6.2 billion in 2023.

Key Points: 
  • BNPL payments in Brazil are expected to grow by 21.3% on an annual basis to reach US$6.2 billion in 2023.
  • BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 13.7% during 2023-2028.
  • The BNPL payment industry in Brazil has recorded strong growth over the last four quarters, supported by increased ecommerce penetration.
  • However, the integration of BNPL schemes with the Pix payment system also ensures that the payment method is available for retail purchases across the country.

Nu Holdings Ltd. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Social, Investment, Brazilian real, Conference, Analysis, Holding, Average cost method, Webcast, Ratio, International expansion of Netflix, ROE, Security (finance), International, NU, FX, INSS, Financial condition report, Result, Capital adequacy ratio, Acceleration, Insurance, IEP, Prospectus, Central Bank of Brazil, Asset quality, NPL, NYSE, Yoy, Financial result, Pix, Annual report, Phase 10, FXN, International Financial Reporting Standards, Cryptocurrency, Bank, Video game, Audit, Nu, Growth, Nubank, Payroll

Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Third Quarter 2023 financial results.

Key Points: 
  • Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Third Quarter 2023 financial results.
  • Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).
  • Below are the Q3’23 performance highlights of Nu Holdings Ltd.:
    Customer growth: Nu added 5.4 million customers in Q3’23 and 18.7 million year-over-year (YoY), reaching a total of 89.1 million customers globally by September 30, 2023.
  • Nu is the fourth-largest financial institution by number of customers in the country, according to Brazilian Central Bank data.

Brazil's Pix Revolutionizes Digital Payments Landscape and Inspires LatAm Growth

Retrieved on: 
Wednesday, December 6, 2023
ACI Worldwide, UPI, Pix, Global Payments, Payment, Cropping system, Friends, Annual report, Instant payment, Central bank, Central Bank of Brazil, AOV, Consumer behaviour, Beyond Borders, COVID-19, Mobile, Cryptocurrency, Online shopping

CURITIBA, Brazil, Dec. 6, 2023 /PRNewswire/ -- In Kano, Nigeria, a student hops on a bus to meet friends after school. In Bangalore, India, a business owner refills a prepaid cell phone. In Belo Horizonte, Brazil, a football fan grabs a quick bite outside the stadium while waiting for the game to kick off. Unbeknownst to them, they are all integral players in the ongoing instant payments revolution. People have seamlessly embraced various instant payment methods, with NIP in Nigeria, UPI in India, and Pix in Brazil emerging as the standout choices for their daily transactions.

Key Points: 
  • Projections indicate that this figure will soar to 511.7 billion by 2027, reflecting an impressive compound annual growth rate of 21.3%.
  • "Pix is considered UPI's young brother," says Paula Bellizia, President of Global Payments at EBANX.
  • And just like India inspired Brazil, Pix is now spreading the idea of instant payments across Latin America.
  • In 2020, instant and real-time payments had only a 16% share of digital commerce in Latam.

Brazil Buy Now Pay Later Business and Investment Report 2023: BNPL Payments are Expected to Grow by 21.3% to Reach $6.2 Billion in 2023 - Forecasts to 2028

Retrieved on: 
Thursday, November 16, 2023
Employment, Pix, Central Bank of Brazil, Salesforce, Product analysis, Fintech, Brazilians, Ecosystem, Business model, Central Bank of Myanmar, Brazilian, Central bank, Growth, Renewable energy, Online shopping, Cryptocurrency, BNPL

BNPL payments in Brazil are expected to grow by 21.3% on an annual basis to reach US$6.2 billion in 2023.

Key Points: 
  • BNPL payments in Brazil are expected to grow by 21.3% on an annual basis to reach US$6.2 billion in 2023.
  • BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 13.7% during 2023-2028.
  • The BNPL Gross Merchandise Value in the Brazil will increase from US$5.1 billion in 2022 to reach US$11.8 billion by 2028.
  • The BNPL payment industry in Brazil has recorded strong growth over the last four quarters, supported by increased ecommerce penetration.

Liquido Licensed by Central Bank of Brazil as Payments Institution

Retrieved on: 
Thursday, November 9, 2023
Customer, SAO, Central bank, FX, Central Bank of Brazil, WhatsApp, Cryptocurrency, LATAM

SAO PAULO, Brazil, Nov. 9, 2023 /PRNewswire-PRWeb/ -- Liquido, the next generation payments company for Latin America, today announced that it has received its payment institution license from the Central Bank of Brazil, marking a significant milestone in its mission to facilitate seamless financial transactions in Latin America's largest economy. This new achievement allows the company to further possibilities with its comprehensive payment services, enabling directions such as digital-first banking support, full-scale e-wallet management, flexible payment infrastructure, automated FX services, and more.

Key Points: 
  • SAO PAULO, Brazil, Nov. 9, 2023 /PRNewswire-PRWeb/ -- Liquido , the next generation payments company for Latin America, today announced that it has received its payment institution license from the Central Bank of Brazil, marking a significant milestone in its mission to facilitate seamless financial transactions in Latin America's largest economy.
  • "We look forward to continuing our innovation and contribution to LatAm's vibrant financial ecosystem and evolving digital payments domain."
  • Liquido also announced that it has processed over $1.5Bn USD to date for its customers, and is on pace to break the $2Bn mark in a few months.
  • Liquido has expanded this experience into several of its extended payment products and solutions in recent months, for example, its WhatsApp Mini Store, WhatsApp Payment Recovery, WhatsApp Referral Shopping, etc.

Pix Will Likely Replace Credit Cards In Brazil

Retrieved on: 
Thursday, November 2, 2023
Professional Services, Payments, Technology, Software, Fintech, Banking, RTP, Pix, Central Bank of Brazil, Q3, Central bank, FedNow, YOY, QR, Number, FIS, Mobile phone, Cryptocurrency, Online shopping

The latest Pix by the Numbers report covers data through Q3 2023, and shows Pix volume continuing to surge.

Key Points: 
  • The latest Pix by the Numbers report covers data through Q3 2023, and shows Pix volume continuing to surge.
  • Innovation is Driving Pix Growth: Pix Credit, and Cross Border Pix payments are just two examples of how the Brazilian market is finding new ways to leverage Pix.
  • Pix Credit is just one example where financial institutions can earn comparable revenues of a credit product and still settle payments instantly.
  • Credit card networks, processors and issuers in Brazil are all re-positioning their business to figure out ways to stay relevant as Pix continues to surge.