On Monday, Finastra and Jifiti announced a point of sale Buy Now Pay Later (BNPL) embedded finance partnership for financial institutions.
In addition to acquiring a 3.85% equity stake in the fintech Méliuz, BV will have the option to buy all shares of the controlling block.
The acquisition aims to combine the tools of both companies to make a reportedly unique app for small business owners.
This week, PicPay, one of the leading digital wallets in Brazil, announced a new acquisition in a bid to gain ground in Brazil's trillion-dollar loan market.
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