Overview of the Brazilian Fintech Regulation and the paths towards Open Banking
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|Brazil is one of Latin America’s most attractive destinations for international exporters and investors. It is the eighth largest economy in the world, with GDP of over $3 trillion, half of the total for Latin America. Brazil is the largest Fintech market in Latin America and fifth in the world, with approximately 400 companies in the sector.
Investment in Brazilian Fintech companies is growing rapidly. It has increased from $52 million in 2015 to $375 million in 2018, and almost tripling in 2019, reaching $1.6 billion.
The efforts adopted by the Central Bank towards the adoption of open banking will increase market opportunities for e-banking, e-commerce, and attract millions of new users for the financial system. With a total population of 210 million, Brazil has over 45 million unbanked adults.
Learn about upcoming business opportunities in the sector, understand the latest developments in the regulatory environment, and learn about tools and resources to support your company’s market entry to Brazil directly from these experts: