Payments News

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Global

Customer Data Sharing Under Open Banking Commences in Brazil | ZDNet

“One of the most important phases of the Brazilian open banking project, which involves the sharing of customer registration and transactional data, has gone live today (13), enabling consumers to request their financial information is shared with other institutions. The open banking initiative, introduced by the Central Bank of Brazil in early 2019 , aims […]
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Deals

EXCLUSIVE Visa-backed Payments Firm Conductor Readies U.S. IPO – Sources

“Brazilian payments firm Conductor has hired banks for an initial public offering in the United States that could come as early as this year, as Latin America’s financial sector is enlivened by the arrival of several newcomers, three sources familiar with the matter said. Conductor, which is backed by venture capital firm Riverwood Capital and […]
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Global

Brazil’s cenbank regulates payment initiator service on instant payments’ PIX

“Brazilian Central Bank announced on Thursday that it will incorporate the payment initiator service to the Central Bank’s backed real-time payments system PIX . In practice, it will be another alternative for P2P transfers and e-commerce transactions made through the instant payment system. With payment initiators, it will be possible, for example, to buy something […]
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Global

Delivery App Rappi Partners With Visa to Launch Credit Cards in Brazil

“SoftBank-backed delivery app Rappi is launching credit cards for its users in Brazil, expanding its financial products portfolio as competition in the payments sector heats up in Latin America. Rappi partnered with payments company Visa Inc to offer the credit cards, marking the two companies’ fourth such collaboration in Latin America, following similar launches in […]
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Global

Amazon Brazil plans to add Pix as a means of payment

“The Amazon subsidiary in Brazil confirmed that its users will be able to use PIX as a form of payment in a short time.  The announcement was made by Daniel Mazini, general manager of Amazon Brazil, after being asked about the implementation of PIX in e-commerce during a press conference.  Beyond confirmation in Pix’s implementation plans, […]
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Deals

Advent Invests $430 Million in Brazil Payments Firm Ebanx Before IPO

“Funds managed by Advent International are investing $430 million in the Brazilian payments company Ebanx, financing its growth in Latin America ahead of an initial public offering planned for the coming months, Ebanx Chief Executive said on Tuesday. CEO and co-founder Joao Del Valle said the company plans to use the proceeds from acquisitions to […]
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Deals

Fintech All-star Nubank Raises a $750M Mega Round

“In 2013, Colombian businessman David Velez decided to reinvent the Brazilian banking system. He didn’t speak Portuguese, nor was he an engineer or a banker, but he did have the conviction that the system was broken and that he could fix it. And as a former Sequoia VC, he also had access to capital. His […]

On The Wires

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Global

Caixa and Fiserv Complete First Merchant Transaction Via Maquininha CAIXA Pagamentos

“Caixa Econômica Federal (“CAIXA”) and Fiserv, Inc (NASDAQ: FISV), a leading global provider of payments and financial services technology, today completed the first payment transaction for a merchant as part of the companies’ recently signed merchant acquiring services agreement. The transaction was completed via the Caixa-branded point-of-sale terminal, “Maquininha CAIXA Pagamentos.””
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Global

DLocal Unlocks the Brazilian Market to International Sellers

“dLocal, a technology-first payments platform that enables global enterprise merchants to connect with billions of consumers in emerging countries, today announced a new milestone. The new agreement enables non-domestic merchants, for the first time, to sell their products in Brazil on Amazon’s online store using dLocal’s new marketplace solution. With dLocal, Amazon can now pay […]
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Global

SafetyPay Launches QR Codes for Real Time Payments in Brazil

“SafetyPay , the leading digital alternative payments platform providing solutions across Latin America and Europe, today announces the implementation of PIX as a payment method in the Brazilian Market to bring instant payments to life using QR codes. SafetyPay will facilitate the transfer and payments from any mobile phone in real time, 24/7, including holidays and weekends. This […]