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Open Finance Brazil the roadblocks ahead

Publication Date

11 August 2023



Mariana Cunha e Melo
Jonas de Abreu


This article delves into the challenges facing the Brazilian Open Finance ecosystem, including overcomplexity, lack of direction, and unreliability. Despite its potential, the ecosystem has seen limited adoption, with less than 2.5% of all accounts connected. The article explores the reasons behind this and discusses the recent regulatory changes that could open the door to extensive networks, as well as potential solutions to keep the payment system open for competition from new entrants.

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