Empowering Brazilian Immigrants: Mbanq Partners with P2P to Deliver Innovative Financial Solutions

Empowering Brazilian Immigrants: Mbanq Partners with P2P to Deliver Innovative Financial Solutions

Mbanq, a prominent player in the Banking-as-a-Service (BaaS) sector, has joined forces with P2P, a digital financial platform dedicated to serving the Brazilian immigrant community in the United States. This partnership aims to enhance financial accessibility for over one million Brazilians residing in the US, as reported by FF News.

Empowering Brazilian Immigrants with Customized Financial Solutions

By leveraging Mbanq’s state-of-the-art technology and regulatory know-how, P2P can now deliver tailored, secure, and scalable financial solutions that meet the specific needs of its users. Mbanq offers comprehensive Banking-as-a-Service solutions, equipping financial institutions—including traditional banks, neobanks, credit unions, and fintech platforms—with innovative technology, compliance services, and operational support.

P2P’s Mission to Enhance Financial Services

P2P is committed to improving the financial journey of Brazilian immigrants in the US. The platform provides:

  • Multi-currency accounts
  • Physical and virtual debit cards
  • Low-interest financial products
  • Seamless money transfer services

This suite of services simplifies financial management across borders, making it easy and accessible for users.

Utilizing Advanced Technology for a Superior Experience

P2P employs Mbanq’s white-label mobile application, offering a fully branded digital experience to its users. Furthermore, Mbanq aids P2P in maintaining compliance with US financial regulations by facilitating necessary approvals from sponsor banks. This collaboration has enabled P2P to efficiently create and launch its platform while upholding rigorous standards of security and compliance.

Focus on Mobility and Convenience

P2P places a strong emphasis on user mobility and convenience, providing:

  • 24/7 access to financial tools
  • Streamlined account management options

Advanced technologies are utilized to ensure secure transactions, while the platform’s cultural understanding effectively bridges the gap for Brazilian immigrants seeking straightforward and user-friendly financial services.

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Voices from Leadership

Vlad Lounegov, CEO of Mbanq, stated, “This partnership exemplifies Mbanq’s dedication to empowering fintech platforms to realize their vision. We provide the essential technology, compliance expertise, and scalability to help P2P offer secure and adaptable financial solutions tailored to the Brazilian community in the US.”

Ramiro Silva, CEO of P2P, echoed this sentiment: “The support from Mbanq has been crucial in enabling us to develop and launch this solution efficiently while adhering to the highest security and compliance standards. Mbanq’s proficiency in mobile app development and regulatory alignment has empowered us to focus on our mission of providing financial tools that cater to the unique needs of our users—the Brazilian community in the United States and beyond.”

For more information about Banking-as-a-Service and its impact on the fintech industry, visit Finextra.

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