Payment aggregator Zimpler received the Central Bank certificate to operate in Brazil
Zimpler, a leading Swedish company in Pay-by-bank solutions, has received a payment institution (PI) certificate from the Central Bank of Brazil, confirming its authorization to operate and develop business in the country.
What does the Central Bank certificate mean for Zimpler?
Receiving the certificate grants Zimpler the right not only to process payments but also to act as an electronic money organization.
This allows the company to simplify the payment process and increase convenience for customers by enabling direct transactions without the need to redirect to banking applications.
Thus, Zimpler becomes an official participant of the Open Finance ecosystem of Brazil, one of the most advanced in the world.
Opportunities and advantages for business
- Simplified payment process due to direct interaction with users’ bank accounts.
- Reduced friction during purchase checkout and increased transaction speed.
- Improved competitiveness of companies in the dynamic Brazilian market.
- Access to a wide customer base thanks to integration with Open Finance.
Comment from Zimpler’s management
“We are very pleased to receive this authorization from the Central Bank of Brazil. It is a confirmation of our commitment to working in the local market, which presents great opportunities for growth,” said Johan Strand, CEO of Zimpler.
Zimpler’s experience in Europe
Zimpler has already established itself in Europe, providing payment solutions for more than 80% of Sweden’s population through the Swish system, which is analogous to Brazil’s Pix system.
“We bring proven technologies and approaches to Brazil through Pix — one of the most successful instant payment systems in the world. This will allow businesses to unlock the full potential of Open Finance in the country and stimulate market growth,” added Strand.
Significance for the market and economy
The importance of Zimpler’s certification is emphasized by the trade commissioner and head of Business Sweden in Brazil, Andreas Rentner:
“This step demonstrates the strength of Swedish innovation and the mutual benefits of cooperation between Sweden and Brazil. We are proud that companies like Zimpler bring their reliable solutions to Brazil’s digital economy.”
Numbers and facts about Open Finance in Brazil
| Indicator | Value | Source |
|---|---|---|
| Active user consents | 64 million | Open Finance Brasil |
| Open Finance system customers | 42 million | Open Finance Brasil |
Zimpler’s development in Brazil
Opening an office in São Paulo in 2022 was the company’s first step in the country.
Now, with the certificate obtained, Zimpler plans to expand cooperation, especially in the iGaming segment, where it sees significant growth potential.
The company links its further development to the opportunities opened by integration with the Open Finance ecosystem, strengthening its presence in the Brazilian market.
About Zimpler
Zimpler is a leading company in Pay-by-bank solutions, operating with more than 350 million client bank accounts across 25 countries.
Founded in Sweden in 2012, the company strives to simplify payments and create growth opportunities for businesses worldwide.