Ant International Secures Payment Institution License to Expand Capabilities in Brazil
Ant International, a global provider of digital payment, digitization and financial artificial intelligence (FinAI) solutions, has received a Payment Institution (PI) license from the Central Bank of Brazil, the company said in a Thursday (Sept. 3) press release. The PI license will strengthen Ant International’s local and cross-border payment capabilities in Brazil and expand the company’s…
Global digital payment firm Ant International has obtained a Payment Institution (PI) license from Brazil's Central Bank, the company announced in a press release on September 3. This new license will bolster Ant International's local and international payment services in Brazil and allow it to provide more comprehensive support to local partners through its existing merchant payment and digitalization platform, Antom.
The PI license comes as part of Ant International's ongoing efforts to expand its capabilities in the Brazilian digital economy, which is rapidly evolving and increasingly reliant on digital payment methods. Rodrigo Reif, general manager of Ant International Brazil, emphasized the company's commitment to delivering more reliable and comprehensive payment services to enterprises, platforms, and small- to medium-sized businesses in Brazil's digital economy, in close collaboration with the country's advanced payments ecosystem and financial services industry.
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