PicPay Turns Smartphones Into Payment Terminals with Tap To Pay
Hey Digital Banking Fanatics!
PicPay just launched Tap to Pay in Brazil, letting entrepreneurs accept contactless payments directly on their phones. No extra hardware. No friction.
The solution supports debit and credit cards, one-time or installment payments, and digital wallets across the main networks. Everything runs under PCI security standards.
The timing matters. The launch comes as Brazil’s Central Bank tightens cybersecurity rules for financial institutions. Faster innovation on one side. Stricter security on the other.
Renata Baiense de Paiva Greco, Executive Vice President of Picpay, says the goal is to be the entrepreneur’s right-hand partner, removing barriers so selling becomes easier.
It’s a clear signal of where payments are heading. Software-led experiences. Less hardware. More trust is baked into the system.
Brazil keeps proving itself as one of the most interesting live labs in global payments.
And a quick note before the year wraps up...
Taking a moment to wish you Happy Holidays, Digital Banking Fanatics.
If you’re reading this, you’re part of the group that shows up and follows what’s really changing across the industry.
Time to recharge and come back strong for 2026. I'll get back to you in your inbox after the holidays. Digital Banking isn’t slowing down.
For now, enjoy today’s updates and keep an eye on what’s coming next 👇
Cheers,
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NEWS
🇧🇷 PicPay launches "tap to pay" for contactless payments on entrepreneurs' cell phones. This feature allows entrepreneurs to accept contactless payments directly on their smartphones, expanding a portfolio that already includes an “account of accounts” experience.
🇺🇸 Mercury applies for the OCC National Bank Charter to become the bank for builders. Mercury aims to combine its software-driven banking experience with the stability and oversight of a national bank, while assuring customers that services will remain unchanged during the regulatory process.
🇦🇺 ANZ to pay $250M in penalties for widespread misconduct across its institutional and retail businesses, including bond market breaches, failures in customer hardship handling, misleading savings rate statements, and charging fees to deceased customers.
🇩🇪 Two Ex-Bankers Convicted over €45 million in Fortis tax fraud deals. Two former Fortis Bank bankers have been convicted in Germany for their involvement in Cum-Ex tax trades that caused €45 million in losses to taxpayers, with the Frankfurt Regional Court sentencing one to two years and seven months in prison.
🇬🇧 Versabank announces the appointment of a global CFO and an Executive promotion in support of the proposed corporate realignment. Nicolas Ospina has been appointed to the newly created role of Global Chief Financial Officer, and John Asma has been promoted to Executive Vice President.
🇧🇷 FinTech Swap is considering expanding its business into credit. The startup, which operates as a banking-as-a-service (BaaS) provider, grew with an offering of cash flow management. Continue reading
🇺🇸 OnePay joins Google's Agent Payments Protocol to define the future of agentic payments. Through AP2, OnePay will help define clear authorization rules, secure the reuse of payment credentials, support multi-instrument wallets, and provide access to transparent financing options.
🇪🇺 EU Council backs digital euro with both online and offline functionality. Under the Council's new position, the digital euro would be publicly issued by the European Central Bank and usable anytime, anywhere, whether users are connected to the internet or offline.
🇬🇧 UK contactless card limit of £100 to be scrapped from 19 March. allowing banks and card providers to set their own transaction and cumulative limits, including potentially eliminating PIN requirements. The change aims to give firms greater flexibility to reflect consumer demand, inflation, and technological advances.
🇺🇸 The Federal Reserve is pushing ahead with a 'skinny' master account plan for crypto banks. The Fed has requested public comment on a plan to create a fast-track approval process for “innovation-focused” banks seeking to operate nationally.
🇵🇰 VEON’s Mobilink Microfinance Bank launches Islamic banking operations in Pakistan. The launch of Islamic banking services supports the Bank’s strategy to broaden financial choice and inclusion for individuals, micro-entrepreneurs, and small businesses across the country.
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