Financial technology or fintech for short, is the new technology that aims to compete with the traditional banking industry in delivering / selling financial services and solutions to customers. When I think of Fintech, I immediately think of Paypal and Square.
Square Is No Circle
StoneCo Ltd. provides financial technology solutions that empower merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. StoneCo, a payment processing company based in Brazil that went public last October.
Credit and debit card transactions in Brazil grew 14.7% in the third quarter from a year earlier, as more Brazilians used
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