Payments News

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Global

Brazil’s Central Bank Chief Predicts End of Credit Cards

“Brazil’s central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through which clients authorize financial data sharing with different institutions. Open finance is a central bank project that has been implemented in phases since 2021…Speaking at an […]
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Global

Brazil Banks Do Not Lose Money With Pix, Says Central Bank

“Brazil’s central bank chief Roberto Campos Neto said on Thursday it is not true that banks lose money with the Pix instant payment system, launched by policymakers in late 2020. Speaking at an event hosted by Brazil’s banking lobby group Febraban, he acknowledged Pix affected revenues to some degree, since in the past banks charged […]
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Global

Pix is Now Second Payment Type in e-Commerce (Brazil)

“The use of Pix in Brazil’s major online stores has again reached an all-time high level, and now the instant-payment system created by the Central Bank shares with boleto, a banking bar-coded bill for cash payments, the second position among the most available payment methods in e-commerce, according to Gmattos’s most recent payment study. The […]
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Global

Brazilians Are Adopting Digital Payments Faster Than Anyone Else — What Lessons Can We Learn?

“Digital payments are driving a profound change in Brazil’s banking sector. Over the past 10 years, a silent revolution in Brazil has led to increased competition, more financial inclusion and lower banking fees…Since the beginning of the COVID-19 pandemic, around 16 million people have been enfranchised into the Brazilian financial system. In fact, the increased migration to online services during this […]
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Global

Crypto Is Now Accepted By One Of Brazil’s Leading Real Estate Companies

“Leading Brazilian real estate developer Gafisa has begun accepting crypto for property sales. According to Gafisa’s backrooms, bitcoin is ideal for real estate development businesses since it eliminates middlemen, a frequent practice in the property development market. The company’s decision to accept bitcoin was based on the technology’s ability to generate new prospects for innovation […]
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Global

Brazilians Are Adopting Digital Payments Faster Than Anyone Else — What Lessons Can We Learn?

“Digital payments are driving a profound change in Brazil’s banking sector. Over the past 10 years, a silent revolution in Brazil has led to increased competition, more financial inclusion and lower banking fees. The explosion of digital payments in Brazil has created an innovative financial ecosystem that works for ordinary people. This progress is the result of a combination […]
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Global

Brazil’s Pix Instant Payments Accelerate Financial Inclusion as an “Instant Economy” Rapidly Rises in Latin America, Per EBANX Beyond Borders Data

“In a region where about half the population still doesn’t have a bank account, new payment types are unlocking the potential of the Latin American market for online merchants as the open banking movement matures there, according to a new Beyond Borders data analysis released by EBANX, the leading payments platform in Latin America that […]
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Companies

Meta suffers setback with WhatsApp business payments in Brazil

“Meta’s long-awaited plan to allow users to send money to businesses via messaging app WhatsApp in Brazil has been hit by clashes with potential payments partners, marking the latest blow to the tech giant’s sprawling ecommerce ambitions. WhatsApp had aimed to launch a payments-to-merchant (p2m) function in Latin America’s most populous country late last year, […]