By December 2022, PagSeguro had 28 million customers, making it the second-largest digital bank in Brazil.
Revolut, one of the largest digital banks in the world, has announced plans to expand its business to Latin America’s largest markets.
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The report found that the traditional playbook of developing branches and building relationships may count "for little in a world where a mobile phone is the principal' real estate', and word-of-mouth – often via social media – becomes the most powerful form of validation."
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Just before lunch, after a morning of fireside chats at LendIt Fintech LatAm, was the heavy hitter Pierpaolo Barbieri, CEO, and founder of Ualá.
Financial arm of the major Brazilian retailer now facilitates cryptocurrency trading for millions of users of its digital wallet, MagaluPay.
According to the authorization announcement, the new payment institution of Pomelo will be headquartered in São Paulo.
The British neobank, serving over 40 million customers globally, has acquired a banking license in Mexico.
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