SAO PAULO, May 25 Brazilian card processor Cielo
SA's dividend cut, which it announced on Friday, is intended to
give it room to raise capital expenditure in a competitive
market, Chief Executive Officer Paulo Caffarelli said.
SAO PAULO, May 20 Brazilian state-owned lender
Caixa Econômica Federal is seeking three partners,
including for its pre-paid cards and loyalty program units, two
sources with knowledge of the matter said.
SAO PAULO, May 20 Brazil's largest card
processor Cielo said on Monday it had increased its
market share in the first quarter for the first time since
mid-2017, a sign of its progress in the country's fiercely
competitive electronic payments space.
SAO PAULO, May 17 Brazilian digital lender Banco
Inter SA is considering a capital increase with new
investors, two sources with knowledge of the matter said.
RIO DE JANEIRO/SAO PAULO, May 17 Brazilian
state-run oil firm Petroleo Brasileiro SA has removed
three banks from the privatization process of fuel distribution
unit Petrobras Distribuidora, four sources with
knowledge of the matter told Reuters this week.
SAO PAULO Brazil's largest private-sector lender, Itaú Unibanco Holding SA, will launch an instant payments platform by the third quarter that uses QR codes, adding fuel to the fierce competition among card processors.
SAO PAULO, May 10 Brazilian state-owned lender
Caixa Economica Federal sent teasers to insurers on Friday to
lure partners for its insurance business, Caixa Seguridade
Participacoes, according to documents sent to potential
SAO PAULO Latin American unicorn Rappi expects to more than triple the number of cities where its delivery app operates in Brazil using most of a $1 billion cash injection by Japan's SoftBank, its President and co-founder said on Thursday.
SAO PAULO, May 9 Latin America's largest
investment bank Banco BTG Pactual SA may spinoff its
29 percent stake in the Swiss private bank EFG International
, the chief financial officer told analysts on Thursday.
SAO PAULO, May 9 State-controlled lender Banco
do Brasil SA sees fiercer competition with financial
startups as likely to reduce the country's average credit
margins in the coming quarters, CEO Rubem Novaes told
journalists on Thursday.