Payment service Zimpler obtains authorization as a Payment Institution in Brazil
Zimpler Officially Certified as a Payment Institution in Brazil
Zimpler, a Swedish fintech specializing in Pay-by-Bank solutions, has officially become a certified payment institution in Brazil as of June 9, 2025 [1][3][5]. This certification marks its formal entry into the Brazilian market, allowing it to legally provide payment services locally under Brazil’s regulatory framework.
With this certification, Zimpler contributes to the Brazilian Open Finance ecosystem by enhancing the diversity and capability of payment services available within the country’s innovative financial infrastructure [1][5]. Open Finance in Brazil, including the highly influential Pix instant payment system, is focused on increasing interconnectivity, transparency, and competitiveness among financial service providers. Zimpler’s presence supports this ecosystem by offering "pay-by-bank" payment options that align with Open Finance principles, thereby expanding payment choices for merchants and end users in Brazil [1][5].
Andreas Rentner, Trade Commissioner and country manager of Business Sweden in Brazil, commented that this milestone highlights the strength of Swedish innovation and the benefits of closer economic collaboration between Sweden and Brazil. Johan Strand, chief executive officer of Zimpler, stated that the authorization reinforces their commitment to the Brazilian market [6].
Zimpler's certification also signals its alignment with Brazil’s digitization goals in financial services, potentially complementing national platforms like Pix, despite the ongoing geopolitical dynamics around payment infrastructures [2]. As a European-regulated payment institution (authorized under the Swedish Financial Supervisory Authority), Zimpler brings additional compliance and security aspects into Brazil’s evolving Open Finance landscape [4].
Since opening its São Paulo office in 2022, Zimpler has been focused on expanding its footprint and deepening its partnerships across key verticals such as igaming. The company sees strong growth potential in the igaming sector and has become one of Europe's leading payments fintechs [7]. With this authorization, Zimpler can streamline the checkout process by allowing direct transactions without redirecting users to bank apps, providing businesses in Brazil with a seamless payment experience that may potentially give them a competitive edge in the market [8].
Further reading: Zimpler teams up with Sweden's Swish
[1] Zimpler Press Release: Zimpler Certified as a Payment Institution in Brazil [2] Finextra: Zimpler receives Brazilian Central Bank license [3] Business Sweden: Zimpler's expansion to Brazil [4] Zimpler Press Release: Zimpler complies with European PSD2 regulations [5] Zimpler Press Release: Zimpler partners with Pix to revolutionize Brazil's financial ecosystem [6] Business Sweden: Andreas Rentner comments on Zimpler's certification [7] Zimpler Press Release: Zimpler expands its focus on the igaming sector [8] Zimpler Press Release: Zimpler streamlines the checkout process in Brazil
- Zimpler's certification as a payment institution in Brazil opens up new opportunities for partnerships and collaborations within the Brazilian fintech industry.
- As part of its expansion strategy, Zimpler has been focusing on strengthening its presence at fintech expos and events to explore potential partnerships.
- With its increased partnerships and alignments with local fintechs and technology providers, Zimpler hopes to innovate and shape the future of open banking and payments in Brazil.
- By leveraging its technology and expertise in the global open banking space, Zimpler aims to contribute to the growth and development of the Brazilian financial industry.
- The certification and expansion into the Brazilian market have not only increased Zimpler's market share in the payments sector but also reinforced its position as a leading European fintech in the global open banking landscape.
- The authorization and entry into the Brazilian market also serve as a stepping stone for Zimpler to explore opportunities in other Latin American countries, contributing to the growth of its business in the region.
