Zoop Receives License from Brazilian Central Bank as Licensed Payment Institution
SÃO PAULO, Nov. 8, 2023 /PRNewswire/ -- Zoop, the leading fintech in technology for financial services in the Brazilian B2B market, received authorization from the local Central Bank on Tuesday, October 31, to act as a Payment Institution (Instituição de Pagamento (IP)), as an electronic currency issuer (EMI). The granting of the license was published in the Official Gazette of The Union.
- SÃO PAULO, Nov. 8, 2023 /PRNewswire/ -- Zoop, the leading fintech in technology for financial services in the Brazilian B2B market, received authorization from the local Central Bank on Tuesday, October 31, to act as a Payment Institution (Instituição de Pagamento (IP)), as an electronic currency issuer (EMI).
- The IP license opens up new business prospects for Zoop and strengthens its market position.
- The company now has direct access to the Brazilian Payment System (SPB) and the Instant Payment System (SPI), which will enable the development of new financial services infrastructure solutions.
- "By obtaining this license, Zoop will be able to offer more comprehensive and personalized financial solutions to customers and partners, meeting growing market demands.