Zimpler Obtains Payment Institution Certification in Brazil

Zimpler Obtains Payment Institution Certification in Brazil

Zimpler Revolutionizes Brazil's Financial Landscape with Central Bank Authorization

Zimpler, a Swedish fintech company, has made a significant stride in Brazil's financial ecosystem. The company has been authorized as a Payment Institution (PI) and an electronic money institution by the central bank, marking a milestone in the mutual benefits between Sweden and Brazil's economies.

With this authorization, Zimpler becomes the first payment initiator for Swish in Sweden, further solidifying its position as one of Europe's leading payments fintechs. In Brazil, Zimpler's technology now powers over 80% of Sweden's population through Swish, and the company plans to bring the same proven technology and approach to Brazil through Pix, one of the most successful real-time payment systems in the world.

Johan Strand, chief executive officer of Zimpler, expressed excitement about the authorization. "This certification enables us to participate more directly and deeply in the Brazilian financial landscape, which is increasingly embracing open banking, instant payments, and digital innovation," he said.

Zimpler's strategy in Brazil includes strengthening the Open Finance ecosystem, expanding partnerships with local platforms, and leveraging its expertise in instant payments and bank-connected payment flows. The company aims to meet the increasing demand for flexible, efficient, and regulated payment options by Brazilian merchants and consumers.

One of the key partnerships Zimpler has formed is with Elantil, a Brazilian platform, to integrate its payment infrastructure and elevate services in gaming and marketplace segments, key growth verticals in Brazil's digital economy.

Andreas Rentner, Trade Commissioner and country manager of Business Sweden in Brazil, noted that this milestone showcases the strength of Swedish innovation. "Zimpler's authorization reinforces the company's commitment to the Brazilian market, which offers a great opportunity for growth," he said.

Businesses in Brazil can now benefit from Zimpler's seamless payment experience, giving them a competitive edge. The authorization also strengthens the Open Finance ecosystem in Brazil, one of the most advanced in the world.

Zimpler sees strong growth potential in the igaming vertical in Brazil. The company remains focused on expanding its footprint and deepening its partnerships across key verticals such as igaming.

With over 64 million active consents and over 42 million clients in the Brazilian Open Finance ecosystem, Zimpler's authorization marks a significant step towards further growth and innovation in Brazil's digital payments space.

For more information on Zimpler's partnership with Sweden's Swish, you can find further reading here.

[1] Zimpler Press Release, "Zimpler secures PI and eMoney licence in Brazil", Link to Press Release [2] Business Sweden, "Zimpler secures PI and eMoney licence in Brazil", Link to Business Sweden Article [3] Elantil Press Release, "Elantil and Zimpler partner to enhance gaming and marketplace segments", Link to Elantil Press Release [4] Central Bank of Brazil, "Zimpler authorized as a Payment Institution and electronic money institution", Link to Central Bank of Brazil Announcement [5] Zimpler Blog, "Zimpler's growth strategy in Brazil", Link to Zimpler Blog

1. Zimpler, a Swedish fintech company, has been granted authorization as a Payment Institution (PI) and an electronic money institution by the central bank of Brazil, marking a significant step towards revolutionizing Brazil's financial landscape.
2. With this authorization, Zimpler becomes the first payment initiator for Swish in Sweden, further solidifying its position as one of Europe's leading payments fintechs.
3. In Brazil, Zimpler's technology now powers over 80% of Sweden's population through Swish, and the company plans to bring the same proven technology and approach to Brazil through Pix, one of the most successful real-time payment systems in the world.
4. Johan Strand, chief executive officer of Zimpler, expressed excitement about the authorization, stating that it enables the company to participate more directly and deeply in the Brazilian financial landscape, which is increasingly embracing open banking, instant payments, and digital innovation.
5. Zimpler's strategy in Brazil includes strengthening the Open Finance ecosystem, expanding partnerships with local platforms, and leveraging its expertise in instant payments and bank-connected payment flows.
6. One of the key partnerships Zimpler has formed is with Elantil, a Brazilian platform, to integrate its payment infrastructure and elevate services in gaming and marketplace segments, key growth verticals in Brazil's digital economy.

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