Zimpler has announced that it has received official Pix authorisation from the Central Bank of Brazil, expanding its operations for customers and partners in the country.
Following this announcement, the authorisation marks a new development in Zimpler’s expansion in Latin America, aiming to reinforce its commitment to the Brazilian market and its local partners.
In addition, with Pix, Zimpler will now have the possibility to offer direct, real-time payments and strengthen its role as a trusted infrastructure provider in one of the world’s Open Finance ecosystems.
More information on Zimpler’s Pix authorisation announcement
According to the official press release, this initiative comes at a time of increasing regulatory scrutiny in Brazil, particularly within the payments and fintech sectors. In this context, Zimpler aims to provide its compliance, governance, and security controls in order to remain fully aligned with the Central Bank’s requirements and international best practices. At the same time, the company will continue to focus on meeting the needs, preferences, and demands of clients and users, as well as to deepen its local partnerships and optimise the way businesses access the full potential of Open Finance in Brazil.
Through the process of being authorised to operate Pix, Zimpler will also be enabled to integrate securely and efficiently into local infrastructure, offering businesses faster payments, lower costs, and full compliance without unnecessary intermediaries. Furthermore, it will also enable instant payments and settlements via Pix for ecommerce, iGaming, and digital marketplaces, while also strengthening interoperability and competition in Brazil’s payment ecosystem and building on Zimpler’s São Paulo operations and growing local partnerships since 2022.
This announcement follows the news that TrueLayer, a European Pay by Bank network, signed an agreement to acquire Zimpler. The initiative aimed to bring together two Pay by Bank providers in order to strengthen TrueLayer’s presence in the payments industry. In addition, through the process of expanding the company’s pan-European network and expertise in payment technology with Zimpler’s position in the Nordics, TrueLayer was set to accelerate its shift from legacy card payments to smarter and more secure payments via Pay by Bank. The transaction was still subject to regulatory approval, as the change in control was submitted to the Swedish Financial Supervisory Authority.
