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UK-based financial superapp Revolut has hired BTG Pactual's Glauber Mota to lead its move into the Brazilian market. Revolut is entering a thriving fintech arena in Latin America's largest market, joining local giants such as Nubank, Neon, Ebanx, C6 and Creditas.
"Brazilians are one of the most active digital populations worldwide, and the number of unique users of mobile devices in Brazil is already over 112 million people, with a rising number of people using digital banks as their primary account. However, when traveling abroad and shopping online, Brazilians still need to use credit cards and currency exchange brokers, incurring high fees."
https://www.finextra.com/newsarticle/39961/revolut-gears-up-for-brazilian-launch
