Banking Apps Spread In Brazil As Critics Note Potential For Shakeout
PYMNTS
DECEMBER 17, 2019
The apps challenge the reign of a first wave of online banks such as Nubank and Banco Inter SA as they aim to take a slice of the country’s $2.24 Magazine Luiza , another Brazilian merchant, recently said that it looks to roll out a wallet based on an app in January, teaming with Banco do Brasil SA for withdrawals of cash.
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