Brazil


Brazil’s central bank mulls new rules to boost fintech

The Central Bank of Brazil is eyeing up new regulations this year to oversee and assist fintech firms across the nation, according to Reuters. In a Reuters interview with the bank’s director, Otavio Damaso, he says increased innovation and a growing number of fintechs are all “very positive” for the efficiency of Brazil’s financial system. […]

Tesco Bank suspends online transactions due to cyberattack

UK-based Tesco Bank has revealed that 20,000 of its customers had up to £2,000 stolen from their accounts in a cyberattack. As a result, all online transactions have been frozen for 24 hours until the situation is bank “under full control”, according to Benny Higgins, Tesco Bank’s CEO.

Elo and Discover mark “first” transaction for global network boost

Elo, the “first” 100% Brazilian card brand, conducted its first international transaction in the US on the Discover Global Network. This transaction marks the official acceptance of the Elo Global Card in the US. The cards are issued by Banco do Brasil, Bradesco and Caixa Econômica Federal, and will be used for international purchases and […]

Samsung Pay launches in Brazil

Samsung Electronics will roll out Samsung Pay in Brazil tomorrow (19 July), the first market in South America to introduce its mobile payment service. The service will launch with “major issuers” including Banco do Brasil, Brasil Pré-Pagos, Caixa, Porto Seguro and Santander. Additionally, Samsung says it is working with other bank partners including Banrisul, Bradesco, […]

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