Nilo de Oliveira, CCEP-I

Trump investigates Pix in Brazil. Meanwhile… Pix lands in the U.S. 🤣 Here is what happened: Last week, The US 🇺🇸 has launched a formal investigation into 🇧🇷 Brazil’s digital trade practices, with a spotlight on 𝗣𝗶𝘅, the country’s instant payment system. In a Section 301 investigation launched last week, the Office of the United States Trade Representative (USTR) accused Brazil of engaging in unfair digital trade and electronic payment practices: https://bit.ly/4f09k1U Today, PagBrasil and Verifone have partnered to launch an in-store alternative payment method (APM) enabling Brazilian shoppers to pay in Brazilian Reais (BRL) using Pix while shopping in the United States. This first-of-its-kind solution allows U.S. merchants to accept the Brazilian payment method. Pix, Brazil’s instant payment system created by its Central Bank in 2020, offers a seamless, cost-effective, and frictionless payment experience for Brazilians. It allows users to send and receive money, as well as make payments, within seconds, 24/7, without relying on cash or cards. Now, with International Pix, a solution built by PagBrasil within the Pix framework, Brazilian consumers can make Pix payments in the U.S. with real-time currency conversion. The launch follows the signing of an exclusive agreement between Verifone and PagBrasil, giving Verifone sole rights to offer the Brazilian company’s International Pix payments in the U.S. “This is a game-changer for U.S. merchants in high-tourism markets like Florida and New York,” said Madhu Vasu, SVP Global Product Management at Verifone. “Only Verifone can offer this capability at the point of sale today, giving merchants a powerful differentiator to attract and serve the 1.9 million Brazilian Tourists who spend more than $4.1 billion annually in the U.S.” The magnitude of this opportunity is reinforced by recent travel trends: from 2023 to 2024, the number of Brazilians traveling to the U.S. rose by more than 17%, reaching 1.9 million visitors. Pix has seen a 57% year-over-year growth in transaction volume and is used by over 160 million people – about 75% of Brazil’s population 🤯 “We’re thrilled to partner with Verifone to bring International Pix to U.S. retail,” said Ralf Germer, Chief Executive Officer at PagBrasil. “This collaboration doesn’t just expand Pix’s global footprint — it gives U.S. merchants a powerful new way to capture spend from millions of Brazilian tourists, while offering shoppers the speed, security and simplicity they already trust at home. It’s a win-win for local stores and travelers alike.” Source/more info: https://lnkd.in/dy_fT7Ca Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

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Compliance is more than just a legal term, it’s about character, culture, and doing the right thing. Last week, we hosted the 6th edition of Compliance Week in Brazil, a week dedicated to integrity, transparency, and responsibility across our organization, partners, and the community. The program brought together employees, clients, universities, and partners to address key topics: ✔️ Cultural challenges in global environments ✔️ Responsible use of artificial intelligence ✔️ Information security and data protection ✔️ Fraud prevention and antitrust compliance One highlight was a public lecture at UniMAX University by our Chief Human Resource Officer, Helena Hofer, who inspired the next generation of ethical professionals by connecting academia and industry. She reminded everyone that: “Compliance is an everyday leadership choice – even in the little decisions we make when no one is watching.” By linking values with action, Compliance Week strengthens our culture of integrity, reaching far beyond company boundaries. ❔ What does integrity mean to you in everyday decisions? #MannHummel #Compliance #Integrity #Brazil

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Brazil’s central bank held its interest rate steady at a nearly two-decade high, signaling there’s no change in sight to the current level of borrowing costs as policymakers keep their guard up against inflation risks. Board members led by Gabriel Galipolo kept the benchmark Selic at 15% for the second straight meeting late on Wednesday, as expected by all economists in a Bloomberg survey. In an accompanying statement, they wrote that the local labor market is showing strength, current inflation levels are above target and future consumer price expectations are unanchored. “The Committee will remain vigilant, evaluating whether maintaining the interest rate at its current level for a very prolonged period will be enough to ensure the convergence of inflation to the target,” policymakers wrote. It “emphasizes that future monetary policy steps can be adjusted and that it will not hesitate to resume the rate hiking cycle if appropriate.” Brazil central bankers are staying on the defensive as consumer price forecasts in Latin America’s largest economy remain above the 3% target through 2028. While annual inflation slowed for the second straight month in August, much of the decline was due to drops in volatile components like electricity and food, rather than broad improvement. Record-low unemployment and public spending are also underpinning demand, challenging restrictive monetary policy. [...] Source: Bloomberg Article link: https://lnkd.in/eSZEbHxZ #brazil #emergingmarkets #interestrates

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SMBC Group’s Latin America Project Finance, in partnership with Loan Capital Markets, served as Sole Structuring Bank, Sole Global Coordinator, Green Loan Coordinator, Joint Bookrunner, and Joint Lead Arranger in support of a $192 million senior secured financing to fund the construction of an 83-megawatt solar plant and 660-megawatt hour storage project in Chile, sponsored by Verano Energy. This transaction reaffirms SMBC’s commitment to supporting the energy transition in Latin America. #TeamSMBC #ProjectFinance #LatinAmerica #Renewables #DealAnnouncement

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💸 Finance is finally catching up to the rest of the internet The world is getting increasingly impatient and wants everything now - and MONEY is no exception. From Pix in Brazil to #FedNow in 🇺🇸, finance is being rewired to run like the internet: 🛜 always on 💨 instant 🫥 invisible ⸻ ⏱️ Real-Time = The New Normal Real-time is the new baseline: With over 80 countries now offering instant payment rails, real-time payments are no longer an emerging trend - they are becoming the global financial default ⸻ 💰 Real-Time = Economic Boom Economic upside is real: Instant payments could unlock $286B in global GDP by 2028, driven by faster settlements, reduced friction, and greater financial inclusion ⸻ 🤖 Real-Time = Inclusive Innovation Inclusion meets innovation: Platforms like India’s UPI, Brazil’s Pix, and Kenya’s M-Pesa show how real-time rails can drive inclusion, micro-entrepreneurship, and cashless economies at scale. 167M new accounts forecasted - unlocking financial access at scale ⸻ ❌ Real-Time = Real Time Fraud Fraud is the flip side: Real-time also means real time risk. $1 trillion was lost to scams in 2024. AI driven defenses must keep pace with AI driven fraud ⸻ 🧱 Real-Time = Infra Upgrade The infrastructure shift is seismic: Legacy batch systems are giving way to modular, API driven, cloud native platforms transforming payments and beyond ⸻ 🪙 Real-Time = ⬆️ Stablecoin Adoption Stablecoins are (not so quietly) becoming parallel infrastructure - powering humanitarian aid, gig payouts, and dollar-based rails in emerging markets. Increasing US Soft Power as a result 🤣 🗣️ Welcome to the new financial operating system #Fintech #Payments #Stablecoins #DigitalTransformation #FinancialInclusion #RealTimeFinance #CitiGPS

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OCN in Brazil! 🚀 Backed by Caravela Capital, the Mexican auto-leasing fintech has announced its expansion into the Brazilian ride-hailing market, entering the competitive landscape. Launching in São Paulo during the first quarter of next year with a fleet of BYD vehicles, OCN is set to partner with Uber and 99. The company’s goal is to have 3,000 cars on the streets of São Paulo within the first 18 months of operations. OCN is making it easier for drivers to access electric vehicles through a subscription model with no deposit, guarantor, or bureaucracy. Approval takes up to 20 minutes, and the package includes maintenance, insurance, fees, and even a home charger. According to the company, this solution can boost drivers’ income by up to 10x, cutting fuel costs while increasing profitability on mobility platforms. The company currently operates five thousand vehicles in Mexico and, backed by a US$150 million investment, aims to triple its fleet by the end of 2026. This expansion not only intensifies competition in urban mobility but also opens the door to new opportunities and innovation in the sector. We’re excited for what’s ahead! Mairon Sandoval https://lnkd.in/dk43S9N5

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Andy Sieg, Head of Wealth at Citi, gave an interview to Valor Econômico during his visit to Brazil. Sieg highlighted the significant growth in the segment's profit, more than 100 times compared to 2023, in addition to the expansion of the client base and the increase in assets under management. He also emphasized how AI is strengthening the work of bankers and advisors in the area and recognized Brazilian clients as "among the most sophisticated in the world," especially in the fixed income and foreign exchange markets. Read more about the forces driving this performance and the vision for the future of global wealth management: https://on.citi/48PyGOU

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On July 16, Lee Matheson, FPF Deputy Director for Global Privacy, participated in a CPDP LATAM panel in Brazil on “Youth in LATAM: Insights on AI and Age Assurance”, with Mercedes Elaskar (Allende & Brea), Mark Smith (Centre for Information Policy Leadership (CIPL), and Jorge Lima (Autoridade Nacional de Proteção de Dados), moderated by Marcela Mattiuzzo (IDP). The panel explored the need for differentiated age verification for children and teenagers, the pros and cons of using technologies like facial recognition for this purpose, and emerging legal trends in LATAM. Lee’s key takeaways focused on the inadequacy of declaration-based age verification in today’s digital landscape. He emphasized that future systems should be risk-based, developed through collaboration across stakeholders, and, most importantly, privacy-friendly, balancing both safety and data protection. #CPDP #LATAM #Youth #Privacy #AI

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Quer entender o que finanças comportamentais e factor investing tem em comum? E como ganhar retornos consistentes com isso? O Livro “The Behavioral Investor” do Daniel Crosby, Ph.D., dividido em 4 partes, é muito interessante sobre o tema. https://lnkd.in/dVR5N8Kz Investment Book Suggestions / Where Theory Meets Practice: How to become a better investor? #22 Key Highlights - Summary: This interesting book relates behavioral finance to factor investing. The book has four parts. Part 1 is an explanation of the sociological, neurological, and physiological impediments to sound investment decision-making. Part 2 lays out the four primary psychological tendencies that affect investment behavior. Part 3 offers a set of practical exercises that can help us overcome the problems diagnosed in the previous chapters. Part 4 outlines a “third way” of investing that differs from popular passive and active approaches, and a framework for managing wealth in a manner consistent with reality. - Investors tend to confuse availability of information with probability. People think in stories, not percentages. We overestimate the likelihood of high-impact, low-probability scary events. Therefore, stories are the enemy of the behavioral investor. - About 90% of the maximum diversification benefit was derived from portfolios of 12 to 18 stocks, as per an author study. - Combining value with momentum. From a behavioral standpoint, the price is never right, but it is often not wrong enough to be predictable. By combining value, momentum, and an understanding of reflective processes, the behavioral investor seeks to invest in a basket of stocks that imperfect subjective valuation has unfairly punished but which a positive feedback loop will soon reward with a boost toward fair value. - Analogy: if we imagine a reflective process as a journey, the value is the distance to be covered and momentum is the speed at which the journey will take place. Combining value and momentum is the investment equivalent to a cross-country bullet train that covers a lot of ground in the shortest possible time. - Main Topics / What You Can Learn About or Improve. Investment Style / Portfolio Management / Strategy / Biography / Behavioral Finance / Mental Models

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