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Magazine Luiza to acquire payments company Hub in USD 56 mln deal

News | Online Payments | 22 Dec 2020

Brazil-based retailer Magazine Luiza, through its payments arm MagaluPay, has inked a deal to take 100% ownership of the payments firm Hub Prepaid Participações.

Magazine Luiza, hub, Brazil, MagaluPay, Hub Prepaid Participações, Hub Fintech, prepaid cards, banking-as-a-service, BaaS, API, purchases, deposits, transfers, bill payments, cash withdrawals, recharges