Shopee authorized to operate as a means of payment in Brazil

RIO DE JANEIRO, BRAZIL - According to a notice published in the government's official gazette (DOU), Singaporean shopping app Shopee, owned by conglomerate Sea Ltd, received authorization from Brazil's Central Bank on April 2 to operate as a payment institution.

Under the name SHPP Brasil Instituição de Pago e Serviços de Pago Ltda, controlled by SHPP Brasil Participações Ltda, it will be able to "manage prepaid payment accounts, in which funds must be previously . . .

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