A NG.CASH has received authorization from the Central Bank of Brazil to operate as a Payment Institution (IP). With the license, the fintech now operates under the direct supervision of the monetary authority, expanding its operational autonomy and consolidating its position in the digital financial sector.
With over 6 million users, NG.CASH aims to facilitate access for new generations to financial services through a digital account focused on user experience, simplified resource management, and encouragement of personal financial organization. The Central Bank’s authorization also represents a milestone in the company’s journey, allowing it to operate in a regulated manner and develop more robust solutions to meet the demands of an evolving audience.
“Obtaining the Central Bank license is a significant step in our mission to democratize access to quality financial services for young Brazilians. We will continue expanding our operations responsibly and in line with the needs of an audience that seeks simplicity, control, and financial guidance from an early age,” says Mario Augusto Sá, CEO of NG.CASH.
“The authorization reinforces NG.CASH’s commitment to regulatory compliance and transaction security, which are essential foundations for the sustainable growth of the financial technology sector in the country,” concludes Petrus Arruda, COO of NG.CASH.
