Sweden's leading bank payment technology company Zimpler has officially been approved as a certified payment institution (PI) by the Central Bank of Brazil. This new status not only consolidates its market strategy in the country but also injects new momentum into Brazil's open financial ecosystem with international fintech.
As a certified payment initiation service provider, Zimpler can now offer more efficient transaction services locally in Brazil, including simplifying the checkout process for users, avoiding the need to switch to bank applications, and advancing seamless integration with open financial applications. At the same time, Zimpler is also authorized to operate as an electronic money institution, further enhancing its product capabilities and service coverage.
Zimpler CEO Johan Strand stated, "Obtaining formal authorization from the Central Bank of Brazil is an important milestone in our deep expansion into the Latin American market. It not only shows our long-term commitment to the local market but also opens up more growth opportunities for us in the competitive payment technology race."
Zimpler had already established an office in São Paulo in 2022, centering around Brazil's most mature instant payment network, Pix, and gradually importing its mature experience and advanced technology from the Swedish Swish system into the local market. Currently, Zimpler's services are helping businesses modernize their transaction processes, especially in rapidly growing vertical industries like iGaming, becoming an important partner.
Swedish Trade Commissioner and Regional Head of Trade and Investment in Brazil, Andreas Rentner, also congratulated this development: "Zimpler's establishment not only reflects the global impact of Swedish fintech innovation but also marks a further deepening of cooperation between Sweden and Brazil in the digital economy. We believe that Zimpler will bring significant value to the upgrade of Brazil's financial infrastructure."
Looking forward, Zimpler will continue to expand its cooperation network in Brazil, focusing on rapidly developing industry scenarios, driving the local payment ecosystem upgrade with technology, and helping Brazil's open finance move towards a more efficient, secure, and intelligent new stage.
