Brazil’s banking landscape is undergoing a significant transformation, as digital banks drive impressive profitability growth in 2024. Recent data from the central bank’s Financial Stability Report highlights a remarkable rise in return on equity (ROE) across the sector, particularly among digital lenders. The report indicates that the overall ROE for Brazil’s banking sector climbed to […]
Nubank Sets Its Sights on Telecom Services in Brazil
Nubank, renowned for its innovative digital financial services, is poised to make a significant leap into the telecommunications sector in Brazil. This strategic move not only highlights Nubank’s ambition to diversify its services but also reflects the growing trend among fintech companies to integrate broader offerings to enhance customer experience. With a staggering customer base […]