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-0.00176432352121832 -0.00102145045965264 9.28591326958141E-05 0.00287863311356677 0.0010214504596528 0.00566440709443773 0.00473581576748075 0.00473581576748075
Stock impact report

WRAPUP 1-Brazil central bank launches 'Pix' instant payments system [Reuters]

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB) 
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: itau.com.br/investor-relations
Company Research Source: Reuters
By Jamie McGeever , Marcela Ayres , Carolina Mandl 3 Min Read BRASILIA, Nov 16 (Reuters) - Brazil’s central bank on Monday launched an instant payments platform that will speed up and simplify transactions, as well as foster competition in the financial sector and lure in new players such as big techs Facebook Inc and Google. Dubbed “Pix,” the state-owned instant payments system allows consumers and companies to make money transfers 24 hours a day, seven days a week, without requiring debit or credit cards. It is also free of charge for individuals. The move by Brazil’s central bank is likely to increase competition in a highly concentrated banking system, with its top-five lenders, such as Itau Unibanco Holding SA and Banco Santander Brasil SA, holding roughly 80% of total assets and deposits. As the central bank sets low prices for money transfers and payments via Pix, the regulator believes competition will increase. Itau’s card processor, Rede, said on Monday it will not charge m Show less Read more
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