N26 scoops Brazilian banking licence

German digital bank N26 has received a green light from the Brazilan Central Bank, according to AltFi.

N26 has received a Sociedade de Crédito Direto (SCD) licence from the regulator, which will allow the fintech to “carry out credit operations” such as third-party credit analysis and the ability to issue electronic currency. 

Read more: AltFi