This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
05/03/2022
Brazil Central Bank OKs Singapore's Shopee App as Payment Services Provider
PYMNTS.com
Shopee, the Singaporean shopping app, has gotten authorization from the central bank in Brazil to operate as a payment institution, Reuters reported Monday (May 2).
The report came from a notice in the government’s official gazette.
Shopee will be able to “manage prepaid payment accounts, in which funds must be previously deposited,” the gazette read.
Shopee is now one of the biggest eCommerce apps in the country. It has been able to attract users to its low-cost marketplace from other local companies.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information