WhatsApp Pay suspended by Brazilian central bank
WhatsApp’s service has been live in Brazil for just over a week.
Brazil
Banco Safra picks ACI Worldwide to underpin US expansion
The Brazilian bank is launching its payment solution in North America.
Greensill acquires Colombian fintech Omni to turbocharge LatAm growth
Omni operates across Chile and Colombia.
Nubank soars ahead with 25m customers
In Q1 of 2020, Nubank acquired 42,000 users each day.
Conductor selects ACI Worldwide systems for Latin America expansion
Brazilian card processor already claims three new customers.
Open banking fintech Belvo lands $10m for Brazil expansion
The firm is also looking to hire between 40-50 new developers.
Santander invests in Brazilian alternative lender a55
“We began our journey in a kitchen trying to lend our own money,” says start-up.
Banco Itaú International picks Temenos Infinity to revamp wealth management
The Brazilian financial group is revamping its international and Swiss operations.
Brazil introduces open banking with UK fintech Ozone and TecBan
Phased implementation will start in November 2020.
RTM connects Brazil’s finance ecosystem to global markets
RTM has set up new, low latency routes to the USA, Europe, South Africa and Asia.
Women-only neobank Elas to launch in Brazil
Elas was officially founded in January this year.
Central bank of Brazil plans launch of QR-based instant payments system PIX
All banks with more than 500,000 customers will have to use the new system.
SoftBank to invest further $1bn in LatAm fintech, ecommerce and health care in 2020
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
How SalaryFits is connecting banks with the unbanked
FinTech Futures speaks to its CEO Délber Lage about its platform and future plans.
Brazil’s Ebanx launches beta digital wallet Ebanx Go
The fintech is testing the digital wallet with 10,000 customers.
Top 10 challenger banks by valuation and funding
It’s been a record year for fundraising across the challenger bank space.
Banco Santander commits to carbon neutrality and renewable energy “where possible”
The bank says it has already cut its emissions by 27% since 2011.
Brazilian fintech Cora raises $10m, founded by Wirecard company creators
Founders Igor Senra and Leo Mendes created MOIP which was bought by Wirecard in 2016.
Mexican lendtech start-up Konfio bags $100m investment led by SoftBank
This is the Latin American start-up’s fourth financing round.
Brazil’s Pride Bank says it’s the first LGBTI+ bank in the world
Last year Brazil’s far-right president, Jair Bolsonaro, tried to stop LGBTI+ films.
Brazil’s digital bank Neon raises $94m led by General Atlantic
Neon currently has 2 million active users.
BRICS nations aiming for common payment system
Russian official says the association is looking to reduce reliance on USD.
Banco Inter plans super app to boost borrowing
SoftBank bought a 14.9% stake in Banco Inter earlier this year.
Brazilian fintech Nubank’s user base soars to 15 million
The fintech has reached decacorn status with a $10 billion valuation.
B3 and Itiviti join forces for global connectivity
The stock exchange’s members can access the NYFIX portal.
Nubank raises a staggering $400m
As it announces plans to expand to Mexico and Argentina.
Mambu signs first Brazilian client Acesso
Acesso issues prepaid cards for the underbanked.
Jumio solves BTG Pactual’s digital ID check challenge
AI solution overcomes the difficulties of verifying Brazilian ID.
Airfox partners with Mastercard for Brazil’s financial inclusion
It has also partnered with Cielo and Zurich Insurance.
Video: fintech news weekly round-up – 8 July 2019
Some of this week’s news, in video format!
SoftBank confirms $200m investment in Creditas
The Brazilian lendtech provides credit with houses or vehicles as collateral.
First Data to acquire Brazilian paytech Software Express
The two companies expect to process more than 15 billion transactions this year.
Flexcube core banking system gains new takers in LatAm, Europe and Asia
Banco Votorantim in Brazil, Ghazanfar Bank in Afghanistan, Prince Bank in Cambodia, and FEDinvest in Albania.
Challenger bank N26 expands to Brazil
It’s also planning its delayed launch in the US this year.
Brazil’s BTG Pactual makes digital token move
ReitBZ is a security token offering designed for nation’s real estate market.
Brazilian challenger bank C6 will see you now
It has its licence and is now testing out functionalities
Itau Unibanco catches criminals with AI-controlled cameras
Brazilian bank expanding pilot throughout its branches.
BPP Pay launches mobile wallet in Brazil
Taking the place of Samsung and Google Pay.
Brazilian challenger Nubank breaks down doors with debit debut
The release is “another piece of the jigsaw that was missing”.
Itaú, Wells Fargo and StanChart make $100m club loan on blockchain
Proof of concept used R3’s Corda Connect platform.
