Digital is a one-way street. And that street is being populated by B2B firms who aren’t looking back after embracing digital innovation to both compete in new markets while at the same time transform their existing commercial relationships. This digital shift is fostering a more...
Brazilian bank Banco Inter, a business unit of Inter&Co, plans to acquire the remaining 50% of merchant acquirer Granito, giving it full ownership of the company. Granito, which provides financial services to more than 100,000 small- to medium-sized businesses across Brazil, will be renamed Inter Pag, Inter&Co said...
So-called global citizens, who do business in more than one country, have a very specific set of needs when it comes to financial services. With most banks targeting people who tend to stay in one place, and neobanks being primarily oriented toward consumers, the opportunity...
Brazilian digital bank Banco Inter SA has reached an agreement to acquire FinTech startup USEND as part of its plan to reach beyond its South American borders, according to a securities filing, MarketScreener reported Friday (Aug. 27). USEND offers foreign exchange transactions, payments wallets, debit...
September 08, 2021
So-called global citizens, who do business in more than one country, have a very specific set of needs when it comes to financial services. With most banks targeting people who tend to stay in one place, and neobanks being primarily oriented toward consumers, the opportunity to serve this global niche is looking like a great […]
November 21, 2024
Digital banks reportedly led Brazilian banks’ profitability improvements during the first half of the year. The country’s digital banks saw their annual return on equity (ROE) rise from 11.45% at the end of December to 19.1% at the end of June, outpacing the banking system as a whole, which saw its ROE rise from 14.23% to […]
May 28, 2024
Brazilian bank Banco Inter, a business unit of Inter&Co, plans to acquire the remaining 50% of merchant acquirer Granito, giving it full ownership of the company. Granito, which provides financial services to more...
August 27, 2021
Brazilian digital bank Banco Inter SA has reached an agreement to acquire FinTech startup USEND as part of its plan to reach beyond its South American borders, according to a...
November 07, 2019
Brazilian Lender Banco Inter is launching an app to give its clients direct access to more than 60 online stores, according to Reuters. The company is moving beyond simply offering...
