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Brazil

central bank / CBDC
·Apr. 15, 2024

What is DREX, Brazil’s central bank’s up and coming digital currency

After Pix and Open Finance, the central bank of Brazil is closing in on the launch of Drex, its central bank digital currency.
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Payments
·Sep. 29, 2023

Brazil’s PIX and India’s UPI: Digital Payments Success Stories in Emerging Markets

While Brazil's PIX has achieved great success, it is not alone. UPI has thrived in India, ushering millions into the digital economy.
Read Full Story
LatAm
·Aug. 30, 2023

Brazil’s fintech Nomad lands $61M in series-B funding

Brazil's fintech Nomad took $61 million in a Series-B funding round to expand its portfolio. Tiger Global Management led the investment.
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LatAm
·Jun. 23, 2023

In two years, Pix became the most used means of payment in Brazil

Instant payment system Pix has overtaken credit and debit cards as the most used means of payment in Brazil.
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LatAm
·May. 29, 2023

LatAm fintechs propose joint open finance regulation

Latam fintech associations made a significant stride last week by publishing a document proposing joint regulations for open finance.
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LatAm
·Nov. 29, 2023

German N26 exits Brazil amid fierce digital banking competition

Two years after launching in Brazil, German neobank N26 has decided to leave the country as the fintech drops overseas efforts.
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LatAm
·Sep. 1, 2023

Neobanks showing early signs of saturation in Brazil

A decline in the number of neobank downloads in Brazil raises concern about saturation. Fintechs pivot profitability as competition heats up.
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LatAm
·Aug. 17, 2023

IMF praises Digital Real, Brazil’s CBDC expected for 2024

The IMF said Brazil's Digital Real could reap the benefits of blockchain technology and compete with privately-issued stablecoins.
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Fintech
·Jun. 19, 2023

Digital banks plow ahead in Brazil despite funding challenges

Despite a challenging scenario for Latin American fintechs, neobanks and digital wallets in Brazil continue to sign up millions of clients.
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Banking
·May. 24, 2023

Neobanks expand their share in Brazil’s $1 trillion credit market

Digital banks in Brazil are finally making inroads into one of the most competitive and highly profitable credit markets in the world.
Read Full Story
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