RIO DE JANEIRO, BRAZIL - In the wave of open banking and the launching of PIX, the Central Bank's digital payment system, several telecom companies are developing their own financial products.

Sources in the market have reported that Claro is preparing to launch a new group company in November or December that will offer financial products.

Currently, Claro already offers cell phone credit top-up products, but the goal is to expand the credit offer and develop a PicPay-style payment system.

"Initially, it will be aimed at selling the company's telecommunication products and those of its partners, but . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here