Brazil Daily

Sending and receiving money abroad got easier

We’re covering the Central Bank and its decision to greenlight TransferWise as an exchange brokerage. Yet another debt renegotiation program being discussed in Congress. And the government’s idea for a new cash transfer initiative.

Central Bank gives TransferWise thumbs up

After a two-year evaluation process, Brazil’s Central Bank has authorized British fintech TransferWise to operate in the country as an exchange brokerage. The international money transfer service, most recently valued at USD 3.5 billion, has operated in Brazil since 2016, but has always had to use a Brazilian bank as an intermediary. Now, the company promises to reduce its fees...

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