NG.CASH receives authorization from the Central Bank to act as a Payment Institution

THE NG.CASH it received authorization from the Central Bank of Brazil to operate as a Payment Institution (PI). With the license, fintech starts to act under direct supervision of the monetary authority, expanding its operational autonomy and consolidating its position in the digital financial sector.

With more than 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 authorization of the BC also represents a milestone in the company's trajectory, by allowing it to operate in a regulated manner and develop more robust solutions to meet the demands of a changing public.

“Acquiring a license from the Central Bank 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 that seeks simplicity, control and financial guidance from an early age”, says Mario Augusto Sa, CEO of NG.CASH.

“A authorization reinforces NG.CASH's commitment to regulatory compliance and security of operations, which are essential foundations for the sustainable growth of the financial technology sector in the country”, concludes Petrus Arruda, COO of NG.CASH.