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Carolina Mandl

Brazil's Cielo cut dividend payout so it could invest more - CEO

3:58pm BST

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.

Brazil's Caixa seeks partnerships in pre-paid cards, loyalty program units -sources

20 May 2019

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.

Brazilian card processor Cielo increases market share in Q1

20 May 2019

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.

Brazil's Banco Inter considers capital raise - sources

17 May 2019

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.

Petrobras removes three banks from BR Distribuidora privatization -sources

17 May 2019

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.

Brazil's Itau Unibanco to launch new payments app using QR code

13 May 2019

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.

Brazil’s Caixa kicks off process to attract partners for insurance unit

10 May 2019

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 partners.

Rappi to triple number of cities in Brazil where it operates after SoftBank deal

09 May 2019

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.

UPDATE 2-Brazil's BTG Pactual considers spinoff of EFG stake

09 May 2019

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.

UPDATE 2-Banco do Brasil sees fiercer competition with fintechs

09 May 2019

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.

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