Payments News

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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, […]
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Global

Brazil’s Pix ‘much Cheaper’ Than Card Payments, Paper by Central Bank Economists Shows

“Brazil’s Pix retail instant payment system is “much cheaper” than card payments for merchants, according to a paper published Wednesday by the umbrella body of the world’s central banks, highlighting its growth potential for businesses after its vertiginous rise among individuals. The paper, which was co-authored by economists at the Brazilian central bank for the […]
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Global

Brazil’s Nubank Enters E-commerce With a Marketplace Within Its App

“While many retailers are looking to offer financial services, the reverse is also true: fintechs are also moving towards e-commerce. The reason lies in the quest for retention and recurrence. In other words: it is not enough to have a digital account, the user has to engage. With this in mind, Nubank announced this Tuesday […]
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Global

Third Phase of Open Banking Goes Live in Brazil | ZDNet

“The third phase of the Open Banking initiative in Brazil goes live today (October 29), introducing services such as Pix, the country’s instant payment system…The current phase aims to enable the introduction of new environments for making payments and, subsequently, new dynamics for credit operations. After instant payments , other capabilities to be introduced under […]
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Global

Cybersource and Ebanx Partner in Brazil for Global E-commerce Merchants

“Cybersource, a Visa solution, and Ebanx, global payments fintech company that specializes in Latin America, announced a new partnership for payments in Brazil. From now on, Cybersource’s clients around the world will be able to access EBANX’s payment solutions for Brazil, and offer their customers in the country the ability to pay online for products […]
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Global

Most Brazilians Hesitate to Share Data Under Open Banking, Study Finds | ZDNet

“According to a new study, the majority of Brazilian consumers still feel uncertain about sharing their banking data in exchange for better deals and benefits such as personalized offers under the open banking model. Open banking — a practice that allows third party financial services firms to access consumer banking, transactional and other data from […]
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Global

Central Bank Postpones Open Banking Governance Definition to 2022

“The Central Bank (BC) postponed to June of 2022 the deadline for open banking participants to define their definitive governance structure. The announcement was made on Wednesday (6). The initial deadline was the 25th of this month, and the extension, according to the autarchy, was due to changes in the schedule of the initial phases of open […]
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