PagSeguro acquires control of Banco BBN and may launch a digital bank

PagSeguro acquires control of Banco BBN and may be considering launching a digital bank? On January 16, the Federal Gazette announced that the Central Bank had approved the transfer of control of Banco Brasileiro de Negocios (BBN) to Luís Frias, a member of PagSeguro and Chairman of the Board of Grupo Folha e Universo Online. (

To find out more:

The C6 bank already has a differential compared to Nubank: free withdrawals

PagSeguro launches Smart Modern without lease and with free digital account

PagSeguro acquires control of Banco BBN and may be considering launching a digital bank?

With this, the shares of the payment means company increased by 5.41% on the US stock exchange.

BBN was incorporated as a multiple bank and is authorized to operate in the commercial and investment portfolios, but today it does not act actively.In addition, the majority shareholder is Banco Rendimento.

Experts speculate that the transaction fits into a PagSeguro strategy to offer its card machine customers a full set of financial services.

PagSeguro are mainly made up of individual microentrepreneurs. And many of them have started accepting cards because of the services provided by the company. According to data from the Central Bank, Brazil has 8.7 million individual microentrepreneurs, of which only 19% have a bank account as a legal entity.

So follow us on our social networks like Facebook, Twitter and Instagram. So, follow the articles on digital banking, digital credit cards, financing, loans and everything related to the subject of fintechs.