Brazilian bank Afinz acquired Tappaggo, a digital payments platform that turns mobile phones into POS systems for credit, debit, and Pix, the instant payment platform created by Brazil’s Central Bank.
Tappaggo’s platform includes features like payment splitting, recurring billing, and reporting and dashboards, helping businesses manage and optimize payment processing.
“The acquisition aligns with our focus on tailored financial solutions for today’s consumer needs. Rather than competing with major banks, we offer distinct value to our partners,” said Cláudio Yamaguti, CEO of Afinz.
In Brazil, contactless payments grew by 52.9% in the first half of 2024 compared to the same period in 2023. Daily contactless transactions hit 60M, averaging 2.4M per hour.
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