June 7, 2019 |
Brazil's Via Varejo said it has opened a digital bank called banQi with the US financial technology firm Airfox.
banQi will provide prepaid cards and personal loans at "potentially lower rates," Via Varejo said in a statement. It will also permit users to withdraw and deposit money at the 750 Casas Bahia stores in Brazil.
Airfox partnered with Via Varejo in September last year to introduce its digital wallet service at the retailer's stores. Under the terms of the agreement, Via Varejo can acq
Brazilian retailer rolls out banQi with US fintech Airfox