Tagged: brazil

Crypto Adoption in LatAm: Nubank to Add Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM), Arbitrum (ARB), Optimism (OP)

The Nubank (NYSE:NU) Cripto crypto currency trading platform is currently evolving, and is announcing today five new options for Nubank customers. Over the next few weeks, gradually, the user base “will gain access to the digital currencies Polkadot (DOT), Avalanche (AVAX), Stella Lumens (XLM), Arbitrum… Read More

Payments Platform EBANX Announces New Services

Latin American Fintech EBANX has announced several new products for its payments platform. The company is based in Brazil but is now offering services in multiple Latam countries as well as the Caribbean, Africa, and India. The new features include: Machine learning-based anti-fraud functionality. Pay-in,… Read More

Latin America: Bitso Introduces eFX with Crypto Service Enabling Instant Global Transactions

Bitso —the financial services company powered by crypto in Latin America— announced the launch of its new eFX with Crypto service, which allows companies “to carry out immediate international transactions, in a regulated manner, with greater savings and security and without the need of a… Read More

Brazil’s Digital Bank Nubank Introduces Metrics Panel for Nucoin Ecosystem

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms in the world, announces the launch of a metrics panel, also known as a block explorer, for Nucoin. The focus is to provide transparency “to the information related to the digital… Read More

Latin America: Transfero to Use Finery Markets Crypto ECN Solution to Enhance OTC Digital Currency Liquidity

Transfero, an international financial solutions company and the owner of Brazilian and Argentinian Digital Tokens (BRZ and ARZ), stablecoins pegged to Brazilian Real and Argentinian Peso, deploys Finery Markets’ FM Liquidity Match in order “to offer institutional customers a seamless and robust over-the-counter (OTC) cryptocurrency… Read More

European Digital Bank N26 to Cease Operations in Brazil

  European digital bank N26 has recently announced the decision “to discontinue its test phase in Brazil and wind down its operations in the market.” The decision underscores N26’s strategy to “focus on its core European markets as it further strengthens its position as Europe’s… Read More

QI Tech, the Direct Credit Company Approved by Brazilian Central Bank, Announces $200M Investment

QI Tech, the Direct Credit Company (SCD) approved by the Brazilian Central Bank, today announced an investment of US$200 million (R$1 billion) in a Series B round “led by General Atlantic, a global investor, with participation from existing investor Across Capital, which is doubling its… Read More

Digital Banking: Brazil’s Nubank Reaches 90M+ Customers in LatAm Markets

Nubank (NYSE:NU) has surpassed 90 million customers in Latin America in its operations in Brazil, Colombia, and Mexico, consolidating its position as one of the fastest-growing financial services companies in the world. David Vélez, Nubank’s founder and CEO, at an event for the press and… Read More

High Income-focused Digital Bank Nubank Extends Ultravioleta Client Benefits

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, announces a new curation of exclusive benefits for its Ultravioleta customers. In addition to the black credit card offering 1% cashback, users will have access to constantly evolving solutions, “focused… Read More

Latin America: Crypto Adoption in Venezuela and Argentina Is Example of Technology’s Unique Value Proposition – Report

Latin America has the seventh-largest crypto economy of all regions Chainalysis studies. it is not far behind MENA, Eastern Asia, and Eastern Europe. Its position compared to other regions has “held relatively steady over the last two years.” Latin America shows the highest preference “for… Read More

Nubank Introduces Initiative to Raise Awareness About Scams and Fraud

To give even more visibility to security and empower people to identify possible financial scams, Nubank (NYSE:NU) announces the campaign #PareceMasNãoÉoNubank (it looks like Nubank, but it isn’t). Through educational videos on major digital platforms, the company seeks to alert its customers to everyday situations… Read More

Fintech Firm Fiserv Acquires Skytef, Broadens Network of Partners in Brazil

Fiserv, Inc. (NYSE: FI), a global leader in payments and financial technology, announces the acquisition of Skytef, primary distributor of Software Express’s SiTef (Solução Inteligente de Transferência Eletrônica de Fundos), from Fiserv, the leading Electronic Funds Transfer solution in Brazil. Through the acquisition Fiserv strengthens… Read More

Nubank and Brazilian Stock Exchange Introduce Dividend-Paying ETF

In a key move in the Brazilian investment market, Nubank (NYSE:NU) announces the launch of the first ETF (exchange-traded fund) in Brazil that pays monthly dividends to shareholders: Nu Renda Ibov Smart Dividendos (NDIV11). The new product results from “a partnership between Nubank’s investment fund… Read More

Brazil’s Digital Banking Platform Nubank to Support Research Initiatives at Local Universities

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms, announces NuFuturo, an ecosystem developed in partnership with Federal Universities in Brazil to accelerate careers in technology and foster innovation. The initiative encourages the development of research “related to the fields… Read More

Open Finance: With Overdraft Alerts, Nubank Clients Reportedly Saved R$4M in Interest

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, has just completed one year of its adherence to Open Finance (a system that allows customer data sharing among financial institutions with consent) and is “positively impacting its customers’ financial… Read More

Brazilian Payments Platform EBANX Expands into Africa and Two Additional Caribbean Countries

International payments Fintech EBANX has expanded its operations into Africa and two additional Caribbean countries. According to a statement by the company, EBNAX now offers services in Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia.  At the same time, EBANX is now available… Read More

Digital Banking: Nubank Expands Secured Credit Offering, Introduces FGTS-backed Loan

Nubank (NYSE:NU) is launching one more type of secured loan for its customers in Brazil: the FGTS-backed loan. The new product aligns with the company’s plan “to expand its secure credit offering in 2023 and is gradually being made available to the eligible customer base.”… Read More

Digital Banking: Nubank’s “Caixinhas” Reaches 8.6M Clients in H1 2023

Approximately one year after its launch, Nubank’s (NYSE:NU) “Caixinhas” has already established itself as one of the “favorite” investment solutions among the platform’s customers. By the end of August, the tool had reportedly “reached 8.6 million active customers, more than double the 3.5 million recorded… Read More

Brazil Is Facing Climate Financing Challenges, New Report Reveals

Brazil will require an estimated $200 billion (BRL 1 trillion) investment to reach its 2030 climate goals, according to a new study released by the World Economic Forum. That’s over $100 Billion USD more “in climate transition investments than the country is currently on track… Read More

Brazil’s Dock, a Payments Fintech, Announces Chilean Digital Bank as New Client

Dock, a B2B technology company for payments and banking, announced that Tenpo, Chile’s largest digital bank with more than 2.2 million customers, is now “a customer of the Brazilian company.” Dock’s expertise and infrastructure is “behind the issuing and processing technology that Tenpo is using… Read More

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