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Fintech has exploded onto the 2023 financial market in Brazil, and Nubank, Neon, and Lanistar are the frontrunners to make a lasting change for millions of users.
All of these companies have one thing in common, the usage of Pix. Pix is the future of online banking which was launched in 2020.
As a smart piece of Fintech technology, Pix offers consumers an easy account-to-account payment method that is available 24/7 and occurs instantaneously.
Hence, no more waiting around endlessly for payments and no lack of clarity concerning what finances you have at your disposal.
Fintech has become especially popular with influencers and celebrities because of its convenience.
The days of going to their local bank and getting harassed for photos, autographs, and even money are gone, as they can do everything directly from their phone.
However, this is just the tip of the iceberg for payment processors in Brazil. Nubank, Neon, and Lanistar, all provide perks to their various users and time will tell which Fintech emerges as the cream of the crop.
Nubank is currently the most popular Fintech in Brazil and this is not a coincidence. With over 34 million customers and more than 2 million followers on Instagram, Nubank is currently seen as the go-to Fintech for both influencers and regular people.
A major selling point of Nubank is its unlimited and free transfers, no maintenance fees, and higher interest rates than ordinary savings accounts.
Therefore, anyone who chooses Nubank will cost-effectively operate their finances. After all, small transaction fees can add up quickly and the next thing you know, your account is not looking as healthy as before.
Neon is the second most popular Fintech in Brazil with a customer base of over 9.5 million.
Apart from having a cool name, Neon is adding serious value to its users' lives by charging no annual fee and similar to Nubank, allowing consumers to make unlimited bank transfers.
Nevertheless, Neon goes one step further by offering one free withdrawal every month before charging a fair 5.90 in BRL thereafter.
But if a user performs a total of 10 card transactions or more every month, they will then be entitled to 3 extra free withdrawals.
Lanistar is the new fintech brand on the block, yet this fintech's impact on the Brazilian economy should not be underestimated.
For a start, Lanistar is fully integrable on a wide range of mobile devices.
It doesn't matter if you're using an old iPhone or a fancy Android, the Lanistar app works efficiently and securely. So you can send and receive money without breaking a sweat.
The game changer with Lanistar though is its proposed plans to optimise crypto payments and transfers. Phase 1 of crypto integration is set to be ready in Brazil by March, so now is the time to download the Lanistar app and familiarize yourself with its intricacies.
The fintech industry is booming in Brazil and is not going away anytime soon. Nubank and Neon are good examples of fintech providers that are allowing users to keep track of their finances with minimal stress.
However, Lanistar is transcending the Brazilian market by introducing cryptocurrency on to their platform. Crypto is on the rise and Lanistar will capitalize on the inevitable acceptance of digital currencies in the future.
Website: https://www.lanistar.com
Instagram: https://www.instagram.com/lanistar/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
