A NG.CASHreceived authorization from the Central Bank of Brazil to operate as a Payment Institution (PI). With the license, the fintech begins to operate 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.financial services through a digital account focused on user experience, simplified resource management, and encouragement of personal financial organization. The BC's authorization also marks a milestone in the company's journey, as it allows it to operate in a regulated manner and develop more robust solutions to meet the demands of a transforming audience.
"The obtaining of the Central Bank license is a significant step in our mission to democratize access to quality financial services for young Brazilians. We will continue to expand our operations responsibly and in line with the demands of an audience seeking 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 operational security, which are essential foundations for the sustainable growth of the financial technology sector in the country," concludes Petrus Arruda, COO of NG.CASH.
