Yuri Biondo

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

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🌎 Latin America is emerging as a hotspot for digital payments, led by Brazil's Pix system, which has seen significant adoption since its 2020 launch. According to PaymentsJournal, 70% of Latin American adults now use digital payment channels, with the region’s digital commerce market projected to nearly double to $1 trillion by 2026. This growth is driven by increased online buying and a declining reliance on cash, positioning Latin America as a leader in digital payment innovation. 📈 #DigitalPayments #LatinAmerica #Innovation #Fintech

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PayRetailers receives license from Brazil’s Central Bank and strengthens its presence in the Brazilian payment market. PayRetailers, one of the leading FinTechs in payments in Latin America, has received approval from the Central Bank of Brazil (BC) to operate as a payment institution (PI) in the categories of electronic money issuer and acquirer. With this authorization, the Group, which operates in more than 15 countries, will be able to offer new services to Brazilian consumers and cross-border clients. PayRetailers will also be able to provide increasingly better services to its clients, following the strictest standards of the national regulator. Brazil is a strategic market for PayRetailers, and with this achievement, the company is poised to further boost the payments sector and meet the needs of the local market. With this license, the FinTech now has authorization to directly serve local clients and the new market of sports betting and online gaming, in accordance with the regulation via Law No. 14.790/23. Under the new Brazilian legislation, only institutions regulated and authorized by the BC can provide transactional services to authorized gaming operators. Source: https://lnkd.in/ePBagMZ7 Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #fintech #banks #financialtechnology #financialservices #latam #fintechnews

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Although this article makes a big play on what people supposedly prefer, here are the four crucial passages “Latin America is still predominately a cash-based market” and “Latin America has shown significant growth in payments revenues in recent years, and such growth is projected to continue” and “People who prefer paying with credit cards cited two main reasons: access to high-quality credit, characterized by the option to make installment payments at relatively low interest rates…” and finally - and most tellingly - “Moreover, this growth potential could bring benefits to consumers, such as improved payment experiences and payment options that are more tailored to each person’s needs.” Note “COULD” bring benefits to consumers. So this is not really about what consumers “prefer” or “want”. It’s about what makes banks more money and persuading the public to fund those extra profits by, for example, running up credit card debt. Benefits to consumers are merely a happy accident.. Of course, you won’t get McKinsey & Company asking South Americans whether they want a “cashless” society, because the answer would be a resounding “NO”. The public everywhere aren’t daft. They know that however “cheap” alternative payment methods are now, in a “cashless” society, those costs would soon soar because there would be no competition from cash to keep charges for other payment methods in check. And those concerns about the cost of payments are only part of the picture. How many South Americans would trust their governments to run a “cashless” society, one in which all personal data was known by government and their collaborating mega corporations - and where citizens who in any way displease the “Authorities” can be Digitally Deleted? Once again, not a question McKinsey and Company will be asking any time soon - but I can tell you the answer. NONE. #PaymentChoice #Choice #Freedom #FreeSpeech #Privacy #Democracy

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Happy to be once again at the #ChileFintechForum 2024 edition. If you wanna discuss about processing payments in emerging markets, we should catch up and make it happen! 🚀🔝 #ecommerce #emergingmarkets #latinamerica #payments #dlocal

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London calling! Exciting times ahead with Brazil's upcoming regulation timelines having just been released! 🇧🇷 Tip: Countdown starts - you've got 90 days to finalize your application! ⏰ Having a reliable regulated market-ready payments partner is at the top of the list of requirements. PayBrokers the leading Brazilian payments company, is primed and prepared for this milestone after years of preparation! Reach out to schedule a meeting and discover how we can assist you in meeting the deadline! #BrazilRegulation #PaymentsPartner #ComplianceDeadline

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🇧🇷 Since 2019, we have been helping deliver what would fast become the world’s largest data sharing and financial ecosystem: Open Finance Brasil. As the use of instant payments significantly increases in the country, Open Finance Brasil has introduced three distinct APIs to provide new ways in which to leverage this infrastructure and boost its own end-user adoption. Each one is designed to meet specific technical needs and as happens with all APIs in Brazil, must pass the conformance suite tests developed by us, ensuring interoperability with the ecosystem. The Banco Central do Brasil, with its strong focus on consumer benefit and protection, together with the Open Finance Initial Structure, has ensured the success of this ecosystem through ensuring that this added value is created and outcomes are securely delivered for the nation's customers. In his latest blog, Raidiam's Product Manager, Christian Eloysio, looks at the purpose of each API and the use cases they enable for Brazil’s Open Finance ecosystem. Read it here: https://lnkd.in/eEyS8MxW #OpenFinance #OpenData #DataSharingEcosystems #APIs

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Dive into the dynamic world of payments trends in #LATAM! From the forefront of online transactions led by #creditcards to the widespread adoption of #A2A and #postpay, the landscape is evolving rapidly. Stay ahead of the curve by aligning your business with these trends, ensuring your customers have the payment options they prefer. Don't miss out! Find out more: http://spr.ly/6042jyuP4 #GPR2024 #Worldpay #PaymentTrends #GlobalPaymentsReport #PaymentExperiences #PostPay #AccountToAccount #PaymentChoices #LATAMPayments #ConsumerPayments

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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

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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

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🚨 PayRetailers Acquires Payment Company Transfeera in a Strategic Move to Expand Its Business in Brazil 🇧🇷 PayRetailers, one of the leading fintechs in payments in Latin America, announces the acquisition of Transfeera, a regulated payment institution in Brazil. The transaction which is still subject to approval by the Administrative Council for Economic Defense (CADE) and the Central Brank of Brazil is part of PayRetailers’ strategic plan to grow in Brazil – in April, the company received a license from the Central Bank of Brazil to operate as a payment institution (IP). Transfeera will continue to operate its services normally and will become part of the PayRetailers group, upon the closing of the transaction, reinforcing its technological capabilities. “We have already added some global acquisitions and the time has come to consolidate our leadership in Brazil as the largest processor of high-complexity payments, offering an even wider range of products. We should soon announce new acquisitions on other continents, consolidating our position as a reference in payment methods,” says Juan Pablo Jutgla, founder and CEO of PayRetailers. More info: https://lnkd.in/eeHJRuKS Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

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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  

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Dive into the dynamic world of payments trends in #LATAM! From the forefront of online transactions led by #creditcards to the widespread adoption of #A2A and #postpay, the landscape is evolving rapidly. Stay ahead of the curve by aligning your business with these trends, ensuring your customers have the payment options they prefer. Don't miss out! Find out more: http://spr.ly/6042jGiJn #GPR2024 #Worldpay #PaymentTrends #GlobalPaymentsReport #PaymentExperiences #PostPay #AccountToAccount #PaymentChoices #LATAMPayments #ConsumerPayments

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Congratulations to Banco BPI and the Pulsoo team for being awarded by Global Finance Magazine's Top Innovator in Finance 2024 in the Best #SME App Providing Financial and Regulatory Solutions category. - Powered by Personetics. 🎉 In Personetics' newest customer story, Afonso Fuzeta Eça, BPI’s designated Executive Member of the Board and responsible for the Center of Excellence for Innovation and New Business, tells how Banco BPI’s exceptionally innovative new Pulsoo app supports the #SMEs that make up 90% of #Portugal’s economy. ✨ Using #openbanking Banking capabilities, Pulsoo provides updates, hyper-personalized insights and recommendations tailored to the financial literacy level of #SME owners and covers issues like cashflow optimization, current accounts, loans, taxes, fiscal planning, employee management, and much more. 🚀 Here’s what’s even more impressive: By partnering with Personetics, Banco BPI brought it to market in only 6 months. 🎥 Watch to learn how Personetics helped Banco BPI streamline the creation of valuable, innovative services that increase their customer engagement and satisfaction, and attract new customers, too. 👉 Contact us to learn how we can do the same for your bank! https://hubs.ly/Q02pXS7W0 #openbanking #bankingtechnology #bankingapp #bankingsolutions #fintech #hyperpersonalization #bankingnews #partnership #moneymanagement #smallbusinessbanking #smebanking #ai #artificialintelligence #customerengagement

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#Brazil conducted 37.4 billion #realtimepayments in 2023, a jaw-dropping YoY growth of 77.9%, making it the undisputed market leader in #LatinAmerica. Other countries in the region are following Brazil’s lead, aiming for their own success stories with outstanding growth predictions of their own. https://aciw.co/4c32pSY

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