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Exclusive-TikTok seeks Brazil fintech license to offer credit
Yahoo Finance· 2026-03-31 17:36
By Marcela Ayres BRASILIA, March 31 (Reuters) - Social media platform TikTok, controlled by China's ByteDance, is seeking approval from the Brazilian central bank to operate as ‌a lending and payments fintech, according to two people with direct knowledge ‌of the matter. The sources, who requested anonymity because the plans are confidential, said TikTok has applied for two ​licenses with the regulator. One would allow it to operate as an "electronic money issuer," offering prepaid accounts for users to ...