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Brazilian neobanks face regulatory risk

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🔔 The dashboard: Brazil’s benchmark stock index Ibovespa lost 1.5 percent this week, on the eve of the first round of the Brazilian elections. Meanwhile, the Brazilian Real gained 2.94 percent against the US Dollar.

  • Biggest gains: Cyrela (real estate), + 9.49 percent.
  • Biggest losses: D’Or Network (healthcare), -13.73 percent.

How a new cap on prepaid card fees can undermine neobanks

The country’s Central Bank published a resolution that sets a 0.7 percent cap on prepaid card interchange fees. It also determined that any debit transaction made through prepaid cards will have fees restricted to 0.5 percent – ​​the…

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