Rodrigo Monteiro

Nubank enters the mobile network market with eSIM services #Nubank, the NYSE-traded Brazilian #fintech neobank, is making its first foray into the mobile network sector with the launch of an eSIM (embedded SIM) service for travelers. This new offering allows customers to access 10GB of free roaming internet in over 40 countries without needing to switch out their existing SIM card. Nubank's entry into the mobile network market is backed by significant growth and strong investor confidence. The company has seen its valuation surge by 170% in the past year, reaching an all-time high of $58 billion. This move into eSIM services is expected to further enhance its market presence and customer engagement. This strategic expansion into mobile services underscores the synergies between financial services and telecommunications. By bundling mobile plans with its banking services, Nubank aims to turn occasional users into regular subscribers, driving loyalty and engagement. The eSIM service, powered by Gigs, simplifies the regulatory complexities and provides a seamless user experience. Hermann Frank, CEO of Gigs, highlighted the potential of this partnership, stating, “Bundling mobile plans represents a powerful lever for neobanks to turn irregular users into monthly paying subscribers, encourage upgrades to premium features, and create an ecosystem where banking acts as a hub for multiple value-added services.” Nubank's innovative approach echoes similar moves by other neobanks like Revolut and Zolve, which have also entered the mobile network space. This trend is expected to grow as more financial institutions recognize the value of integrating mobile services to enhance customer offerings and streamline digital experiences. David Vélez and his team are excited about this new venture, which aligns with Nubank’s mission to challenge the status quo and offer more value-added services to its customers. As Nubank continues to innovate, it is well-positioned to lead the convergence of banking and telecommunications, providing seamless and efficient solutions for its global customer base. The article on TechCrunch in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

18

1 comentário

I bring good news about Pix payments in 2024!   If you're not familiar with Pix, it's an instant payment method that the Brazilian Central Bank (Bacen) developed in 2020.   It completely changed the payment landscape because of its confirmation and settlement time and because it is significantly less expensive than debit and credit cards for merchants.   Pix has been so successful that central banks in various countries are now joining efforts on a project called Nexus, aiming to enable instant fund transfers internationally, just as Pix does within Brazil.   In continuation of the Pix development roadmap, Bacen has announced that by the end of the year, we will see the launch of “Pix Automático,” which will allow for recurring payments. It was initially scheduled for April, but its complexity pushed the release to October.   Another much anticipated feature is “Pix Garantido,” which will enable payments in installments through Pix.   If you work in the payments industry, you probably know that in Brazil, especially for higher-priced products, installments is the preferred payment method.   My personal favorite upcoming feature is Pix as contactless payment option. Soon, we will be able to use Pix for NFC payments.   Although the functionality of contactless Pix payments is still unclear, this advancement will make Pix payments easier for those whose phones have the technology.   It's important to note that even though Pix transactions are as instant as A2A transfers, there is a security risk since you must have your bank account open on your banking app to make a Pix payment and contactless Pix payments has the potential do eliminate the risk.   If you want to learn more about payments in Brazil and its complexities and benefits, feel free to drop me an inbox!   #PixPayments #FinancialInnovation #DigitalBanking #PaymentSolutions #InstantPayments  

6

Nubank, the digital banking leader in Brazil, introduces a new Global Account in collaboration with Wise to serve its affluent customer base known as “𝗨𝗹𝘁𝗿𝗮𝘃𝗶𝗼𝗹𝗲𝘁.” This move represents a strategic entry into the high-income market segment. 💳 𝗨𝗻𝗶𝗾𝘂𝗲 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀: The Global Account allows seamless currency conversion within the Nubank app, offering competitive conversion rates of 0.9% - the lowest in the segment. Users can convert Brazilian Reais to dollars and euros without inter-account transfers. 🌍 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲 𝗳𝗼𝗿 𝗧𝗿𝗮𝘃𝗲𝗹𝗲𝗿𝘀: Nubank’s Global Account offers greater convenience than traditional credit cards, with up to two free monthly foreign currency withdrawals. Customers also receive a virtual SIM card with 10GB internet access across 40 countries to stay connected without worrying about roaming charges. 📈 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗙𝗼𝗰𝘂𝘀: Nubank aims to expand its presence in Brazil’s affluent market segment, leveraging tailored financial solutions and unique benefits to attract high-income customers. 💬 𝗖𝗘𝗢 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: David Velez, CEO of Nubank, emphasizes the importance of catering to high-income customers and plans to launch more products tailored to this segment in 2024. Source: https://lnkd.in/dM5dXziE https://lnkd.in/dPYPJ65m Exciting times ahead for Nubank and Wise! 🚀 #Fintech #GlobalAccount #Nubank #Wise #AffluentMarket #Innovation

14

2 comentários

A technology having a customer centric approach with a scalable business model

1

Knowledge is something I like to share, we also learn together... This time is not going to be different, the aftermath from the Brazilian iGaming Summit / BiS SiGMA Americas event in terms of GRC. - *FOR FREE!* Get to know, with me, the confirmed speakers for the webinar "Challenges of Sports Betting in Brazil: Main insights from Bis Sigma, held in partnership with Caf and Nuvei": Alison Dorigão Palermo - Latam Compliance Director - Nuvei Emma Lindley MBE - Managing Director - Caf Vinicius Cesar de Carvalho Tsuda - Enterprise Account Executive - Caf Rafael Edelmann - Governance, Risk and Compliace Officer Brazil - OKTO Together, we will provide information about the new gaming regulation in the country, as well as share the main insights discussed at the Summit the largest industry event in Brazil, which took place last week. Access the link to learn more and register: https://lnkd.in/dq7wi52u See you there! #SportsBetting #iGaming #Gambling #Nuvei #OpenBanking #Payments #DigitalCommerce #NuveiExperts #TeamNuvei #peoplefirst #greatplacetowork #eCommerce #Payments   #compliance #banking #complianceofficer #ethics #bacen #coaf #fiu   #sar #cdd #kyc #onboarding #fintech #openfinance #ethicsandcompliance   #kys #kye #ethics #risk #riskmanagement #operationalrisk #payments   #pagos #cumplimiento #internalcontrols #baas #caas #gafi #fatf #vasps #FRAML #PEP #PPE #crypto #CDC #event #blockchain #latinamerica #thankyou #cryptoasaservice #hash #token #nft #crime #money #bank #banking #tbt #americas #bacen #bancocentral��#monitoring #monitoramento #development #teaching #law #cvm #anbima #opencompliance #overcompliance #bsm #bet #pqo #gaming #gambling

76

8 comentários

There are three major movements in the payments arena right now: 1️⃣ Open Banking Close to 100 countries are either studying, implementing or have implemented with some good cases already. This includes Brazil, UK, the EU, Mexico, Australia, South Korea, , Nigeria, Russia and Japan among others. 2️⃣ CBCD ( Central Bank Digital Currencies) 130 countries worldwide are studying, implementing or have implemented. Including Brazil, Japan, India, Australia, South Korea, South Africa, Russia, the EU and Turkey. 3️⃣ A2A payments More than 70 countries are studying, implementing or have implemented. Including Brazil, the EU, the US, Canada, Australia, South Korea, Malaysia, Philippines, and Thailand. PS: There are 195 countries in the world. Of those represented above represent large % (+60%) if we consider GDP - Economy factors.

78

1 comentário

PayRetailers acquires Transfeera to expand in Brasil #PayRetailers, a leading #fintech company in Latin America, has announced the acquisition of #Transfeera, a regulated payment institution in Brazil. This strategic move, pending approval from the Administrative Council for Economic Defense (CADE) and the Central Bank of Brazil, is part of PayRetailers’ ambitious plan to expand its footprint in the Brazilian market. Founded by Juan Pablo Jutgla, PayRetailers continues to drive innovation and strategic growth. On the other side, Transfeera, co-founded by Fernando Nunes, will retain Nunes in his current position, ensuring continuity and stability as it integrates into the PayRetailers Group. PayRetailers operates in over 20 countries across Latin America and Africa, specializing in high-complexity payment processing. Transfeera, based in Santa Catarina, Brazil, is recognized for its innovative payment processing platform and bank data validation services. This acquisition significantly bolsters PayRetailers’ capabilities and market reach in Brazil. This acquisition consolidates PayRetailers’ leadership in the Brazilian market, enhancing its technological capabilities and expanding its customer base. PayRetailers aims to double its workforce in Brazil by 2025 and broaden its service offerings to Brazilian companies. For Transfeera, joining the PayRetailers Group provides access to extensive expertise in banking product development, accelerating technological innovation and competitive advantage in the market. This move signifies a robust growth trajectory for fintech in Brazil, promising innovative, safe, and efficient payment solutions. It also highlights the ongoing trend of consolidation in the fintech industry, with companies seeking to expand their global footprint through strategic acquisitions. The article on FF News | Fintech Finance in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

1

1 comentário

🚨 𝗟𝗮𝘂𝗻𝗰𝗵 𝗔𝗹𝗲𝗿𝘁: Today, 🇧🇷 Brazilian Open Finance introduced several new functions, including smart transfers. Defined by experts and executives in the finance sector as "powerful," this feature is expected to boost adherence to the data-sharing system among financial institutions established by the Central Bank (BC). The tool will allow automatic transfers via Pix between accounts with a single authorization, using "triggers" to facilitate this process. This will be part of payment initiation, a component of Open Finance phase 3. Initially, the functionality will be limited to accounts under the same ownership (CPF or CNPJ), but there is already anticipation of future expansion to include any recipient. More info: https://lnkd.in/eeU-pxC2 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] Get the most important FinTech news and analysis in a 5 minute daily briefing you’ll actually look forward to reading. Sign up now: https://lnkd.in/eiQBxdTW #openbanking #pix #payments #paytech #openfinance #digitalbanking #digitalpayments #fintech #fintechnews

49

2 comentários

Is regulation challenging for you? Are your teams overloaded with manual #compliance processes or does #transaction #monitoring get delayed? Then let us connect and beat fraudsters together. Be #compliant in real time! I will be attending Brazilian iGaming Summit / BiS SiGMA Americas next week from April 23rd to 25th in São Paulo. Shall we meet at the most important #iGaming, #BetTech, and #sports #betting event in Brazil and #Latin #America? SiGMA aims to serve as a central platform for connecting key stakeholders, including gaming operators, affiliates, and vendor platforms, in the gaming industry and staying updated on industry developments.

62

1 comentário

🌍 Digital Payment Revolution: Brazil's Pix vs. India's UPI 🇧🇷🇮🇳 Brazil's Pix and India's UPI are transforming financial landscapes with their innovative digital payment systems. #Pix (Brazil) - Launched: 2020 by the Central Bank of Brazil - Features: Real-time transactions, wide accessibility, low cost, strong security #UPI (India) - Launched: 2016 by NPCI - Features: Interoperable across banks, convenient, massive growth (8B+ monthly transactions), integrates with various services #Key Insights - Adoption: Rapid growth due to ease of use and government support - Impact: Boosts financial inclusion and economic growth - Innovation: Pix excels in accessibility and cost, UPI in integration and convenience Found this useful, please repost and like 👍. Source: https://lnkd.in/ggRB_PwQ Learn Payments with exclusive discount: https://lnkd.in/gzcDasSx #DigitalPayments #FinTech #Brazil #India #Pix #UPI #FinancialInclusion #iso20022 #payment

51

Gigs and Nubank are joining forces to offer the neobank’s +100 million customers eSims in app! The NYSE-traded Brazilian neobank is now offering its premium subscription customers access to 10GB of free roaming internet in more than 40 countries without the hassle of having to switch out their existing physical SIM card or eSIM. The powerful new partnership is not only a testament to Gigs growing global presence, but the impact and opportunity embedded SIMS will continue to offer businesses interested in providing customers with value-added services. Congratulations to Hermann Frank, Dennis Bauer, and the entire Gigs team on this major milestone. Learn more about the partnership & how Gigs is planning to help even more companies like Nubank cash in on eSims in TechCrunch ⬇ https://lnkd.in/eArKuts7 #esim #neobank #fintech #mvno #telecom #venturecapital

49

Unless you are speaking with payment nerds, open banking is a boring topic, right? Ok, maybe not that boring if we talk about Pix (Brazil) and show you the graph of the incredible rise in Pix payments over the last 2 years. That is a kind of cool graph and people get engaged with it...but who cares about regime models, right? Wrong 😆 If Brazil hadn't taken the Commander approach to open banking Pix would never have happened, and the Advocate approach is the strong reason (among others) why the USA is still trailing behind the world when it comes to open banking. EU? Hmm...still too slow. You can download the report here 👇 https://lnkd.in/eH5EZWxu

18

3 comentários

Every Neobank will be a Mobile Network? Nubank appears to be trying. Here's my take 👇 👀 Nubank will give mobile service via eSIMs to travellers in more than 40 countries. The news follows Brazil's National Telecommunications Agency greenlighting Nubank becoming a full MVNO. They're starting with eSIMs for now, following Revolut's launch of eSIM functionality for premium subscribers. 👉 What's an eSIM? The electronic SIM card, gives much lower cost data, calls, and text when traveling and can be instantly provided to your mobile phone) 🧠 The Neobanks wouldn't launch this feature unless customers wanted it. There's a clear demand for it, and it helps the Neobanks attract a more profitable traveler customer segment. This is especially useful for Nubank, which has been stronger in subprime historically. 🧠 eSIMs are a great way to convert users into subscribers. Affuluent customers travel more, and data roaming fees are the kind of speed bump and niggle that people often accept but rarely fix. Bundling it into your Neobank is neat. It brings the Neobank closer to travel, and it brings you the user, closer to paying a subscription with them. 🧠 How long until every bank tries to offer this feature? The classic "premium account" with mobile phone insurance has passed its prime. On the other hand, eSIMs are a great way to solve roaming fees and are of great value. Most people don't use specialist eSIM apps so why wouldn't it be bundled right next to where you manage your money? #fintech #neobanks #nubank #payments

89

21 comentários

Nubank moving into what appears to be the MVNO space. of course through partnerships by offering eSim to their customers as part of their move to enter the travel sector. The convergence is extremely interesting. but I am not too clear yet of the strategy other than to offer an additional means to target the sector. #digitalbanks #banking #cx #customerexperience

1

A common topic of discussion for those in the payment industry is Pix, a payment solution that skyrocketed to success in Brazil. At a recent event offered by Worldpay - Rethink Americas, I had the pleasure of sharing my insights on why Pix became a game-changer in the financial landscape with a few of the guests, and now I will share them with my network.   The primary driver behind Pix's widespread adoption was a strategic move by BACEN (the Central Bank of Brazil), which mandated banks with over 500,000 active accounts to integrate Pix. This policy effectively pushed the majority of banks to adopt this innovative payment method and integrate with Central Bank.   Unlike previous peer-to-peer (P2P) payment solutions, which were fragmented and inconvenient, Pix brought a seamless experience directly integrated into banking apps. Prior solutions required users to connect their bank accounts to third-party apps, such as Venmo or Zelle®, adding unnecessary steps to the process. Pix, on the other hand, is not just an app but a technology embedded within the banking infrastructure itself. In simpler terms, PIX is natively present in every bank account in Brazil.   Another pivotal factor for Pix's success is its role in promoting financial inclusion. Digital banks like Nubank, C6 Bank, and Inter simplified the process of opening a bank account, requiring just a CPF (Brazilian Tax ID), a mobile phone with internet access, and an ID photo. This accessibility proved crucial during the pandemic when the need for digital payments surged, especially among those without credit cards.   Despite discussions on Pix potentially cannibalizing credit card usage, I find this unlikely because Pix often serves as a payment alternative for those lacking credit cards. Interestingly, 40% of Pix transactions are business-to-business, while 34% are peer-to-peer, showcasing its versatility. There is space for card schemes and Banco Central do Brasil to work together.   Looking ahead, Pix is not resting on its success. The introduction of features like Pix for recurring payments and Pix Parcelado (installments) is set to revolutionize how people without credit cards manage subscriptions to services like Netflix and Spotify, eliminating the need for pre-funding accounts.   As Pix continues to evolve, the opportunities for real business applications in both B2B and B2C transactions are becoming more apparent, paving the way for further innovations in the payments sector. #PixPayment #FinancialInclusion #DigitalBanking #BACEN #PaymentInnovation #BrazilBanking #Fintech #Neobanks #P2PPayments #BankingRegulation

17

2 comentários

In the past few months, we got busy with projects in four countries on three continents ... here's an overview:   🇧🇷 Banco do Brasil is partnering with Giesecke+Devrient to test offline payments for the Brazilian central banking digital currency, #DREX, in pilot trials. The offline payment solution can aid Brazilians in their everyday lives by enabling secure transactions in local shops, without the need for a bank account or internet access. 👉 https://lnkd.in/eaTE6B24   🇬🇭 G+D provided eCedi wallets to participants at the 3i Africa Summit, one of Africa’s premier FinTech gatherings, to pay for food and drinks. Check out our colleagues Chaima El Aouam and Youssef Benghazouani, BBA, MBA, PMP®, ACP® describing the technology, which works both online and offline! 👉 https://lnkd.in/eNmu3ccU   🇲🇷 G+D has partnered with the Banque Centrale de Mauritanie to explore the development of a digital version of the national currency, Ouguiya. This project aligns with our commitment to advancing digital transformation and promoting financial inclusion globally. It's a significant step towards defining a national CBDC for Mauritania, which is expected to contribute to prosperity, macroeconomic stability, and sustainable economic growth. 👉 https://lnkd.in/eQqvMKgs   🌍 Last but not least: a digital transaction between two countries on different continents, the pair’s first! Stay tuned for the official press release. #CBDC #OfflinePayments #RetailCBDC #CrossBorder

55

4 comentários