Visa Conecta, the Brazilian subsidiary of Visa, secured authorization from the country's Central Bank to operate in the foreign exchange market. This approval allows the company to purchase and sell foreign currencies. The move immediately expands Visa Conecta’s suite of payment services in the region.
This expansion aligns with Visa’s broader strategy to develop digital financial transaction solutions. The company seeks to grow beyond traditional card-based payments.
This initiative aims to serve the evolving needs of clients and consumers in the dynamic Brazilian market while adhering to local regulatory requirements.
Visa Conecta launched in June 2025. Its initial focus centered on Open Finance and the Pix payment system. The new FX capability marks a key development in the subsidiary’s operational expansion.