Brazil
😳Brazil🇧🇷: House of Deputies debates bill to increase gambling tax from 12% to 22% of gross gaming revenue (GGR) Paid Members Public
😳Brazil🇧🇷: House of Deputies debates bill to increase gambling tax from 12% to 22% of gross gaming revenue (GGR) The additional 10% would be allocated to environmental protection initiatives, specifically to combat deforestation. ▶️The proposal comes at a time when there is already a provisional measure from the federal government
🙈Brazil🇧🇷: regulatory loophole allows illegal betting sites to withdraw funds even after blocks Paid Members Public
🙈Brazil🇧🇷: regulatory loophole allows illegal betting sites to withdraw funds even after blocks These platforms use payment institutions (IPs), which do not require authorization from the Central Bank to move funds. ▶️What’s the key issue? 👉Under current regulations, a payment institution requires official authorization from the Central Bank only
🎉Superapp Rappi🇨🇴and e-wallet AstroPay🇬🇧launch a new payment service in Latin America Paid Members Public
🎉Superapp Rappi🇨🇴and e-wallet AstroPay🇬🇧launch a new payment service in Latin America Users in Argentina🇦🇷, Brazil🇧🇷, and Peru🇵🇪 can now make payments on Rappi using balances in USD, euros, or local currency, with real-time conversion and no need for bank cards. The initiative is expected to reach around 35
🤝Brazil🇧🇷 Counter-Trend: Traditional Bank Integrates Pix with Credit Card Limits Paid Members Public
🤝Brazil🇧🇷 Counter-Trend: Traditional Bank Integrates Pix with Credit Card Limits As alternative payment methods continue to gain traction, Santander Brazil is broadening the role of credit cards in its customers’ financial lives. ▶️Context: Pix is the Central Bank of Brazil’s instant payment system, originally designed to bring the unbanked
🎉Argentina🇦🇷recognized as the most promising crypto market in Latin America Paid Members Public
🎉Argentina🇦🇷recognized as the most promising crypto market in Latin America The statistics, although mostly from last year, confirm a growing trend supported by the policies of President Milei’s administration. ▶️Due to the hyperinflation of 2022-2024, Argentinians became pioneers in the use of stablecoins as a safeguard for assets.
😱Once in Latam: most gambling companies published their Q2 results Paid Members Public
😱Once in Latam: most gambling companies published their Q2 results In short, Brazil🇧🇷 and Mexico🇲🇽 are leading, while Colombia🇨🇴 and Peru🇵🇪 face challenges due to tax pressures. ➡️In Brazil, gambling and betting have been regulated for 8 months, and so far things are progressing smoothly. It is currently the fastest-growing
🎉Brazil🇧🇷: partnership between Stripe and local fintech Ebanx will enable foreign merchants to accept payments in Brazilian reals via #Pix Paid Members Public
🎉Brazil🇧🇷: partnership between Stripe and local fintech Ebanx will enable foreign merchants to accept payments in Brazilian reals via #Pix …and those reals will be quickly converted into the merchant’s national currency. ▶️Regional context: after a sharp decline in 2024, in the first half of 2025 Latin America posted
👻Brazil🇧🇷: China’s UnionPay🇨🇳card brand challenges Visa and Mastercard Paid Members Public
👻Brazil🇧🇷: China’s UnionPay🇨🇳card brand challenges Visa and Mastercard Worldwide, UnionPay has issued over 10 billion cards, confirming its status as the most widely used payment network in 2025. If it manages to establish itself in the lucrative Brazilian market, traditional card giants could face significant competition. ➡️ As part