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XP Inc: Brazil's New Payroll Loan Program Will Boost GDP by 0.6%
XPXP(XP) Prnewswire·2025-04-16 19:02

SÃO PAULO, April 16, 2025 /PRNewswire/ -- XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, released a new research report from which reveals that Brazil's newly launched payroll-deductible loan program for private sector workers is set to inject a significant boost into the country's economy - adding an estimated 0.6 percentage points to GDP growth, or nearly BRL 70 billion (approx. USD 11.7 billion) in annualized terms. ...