Every Monday, in your inbox
In payment initiation, three names make 89%. The five biggest banks, 1.6%
While Belvo, Klavi and Cumbuca grew 34% in consents over three months, against 13% for the five biggest banks, on the payment initiation side the big banks barely show up.
In initiation, when a company triggers a Pix from your account with your consent, three names make 89% of the calls: Iniciador, Google Pay and Nubank. Brazil's five biggest banks, together, make 1.6%. In three months, the three grew 57% while the banks fell 27%.
Read the full analysis
Leave your email once and open every W Fintechs Data article.
Source: Open Finance Brasil | Prepared, analysis and data by W Fintechs
More on Open Finance
Latin America's best financial innovation data, straight to your inbox
Our newest charts as soon as they come out, plus the newsletter every Monday. Only what matters, without the noise.
- Data-driven
- Latin America focused
- Newest charts first
- Monday newsletter