A few days after launching its wholesale bank, Brazil’s investment platform XP Investimentos expanded its financial services offer by launching a digital account with banking services such as payments, Pix (the Brazilian real-time payments system), transfers, withdrawals, and debit card. Clients will also be able to request salary portability to XP. With its own digital account, XP creates one more solution to increase retention and recurrence in its user base, about 3.5 million customers – the digital account is already available for about 300,000 customers and, until October, it will be expanded to the whole base. According to Thiago Maffra, CFA, CEO of XP, the company aims to offer the necessary services so that people can manage their entire financial life through XP’s platform and app. Read the full LABS article through the link in the comments below. ?? #fintech #fintechnews #banking #bankingservices #payments #digitalpayments #paymentservices #paytech #financialtechnology #financialservices
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