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Press Release / Free Market
Pago Mercado will begin to enter the wave of financial products and offer certain services to compete with Nubank. The service, which is integrated with the free market, will have an automatic balance of the balance of the account (equal to NuConta) and promises a credit card without annuity for 2019.
• Operation of NuConta, "current account", without charge Nubank
• Cut on the customers of the card without Pag! fraud generated up to R $ 10,000
The transaction is very similar to other market solutions.
The title chosen by Mercado Pago is that of Selic Treasury, with a rate indexed on the CDI (Certificate of Deposit). Interbank deposit). The yield is currently 5.2% per year.
Starting in 2019, the Mercado Pago account will also be able to make transfers via EFILE and DOC. The payroll will also be available. The company told Gizmodo Brazil through the press service, that there was still no information on the possible rates because they were still in a phase of market research.
This is a payment account. and, therefore, the value is separate from the institution's own funds and the money can only be used in Federal Public Securities applications.
Next year, the company will also offer a credit card, but no information is available yet. on rent.
The emergence of new services is linked to the authorization granted by the Central Bank to the free market to become a payment institution.
The company also offers in its product line a credit card machine for tenants. and a payment solution in physical stores via QR Code.
[InfoMoney]
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