Payments App Reaches 12 Million Accounts

Digital portfolios are consolidating in Brazil. This is the case of fintech PicPay, which has recorded a 20% increase in its customer base in the last three months. The app reached the number of 12 million accounts. According to the company, the target is desbarcarized consumers - estimated at about 30 million people in the country. Currently with 700 employees, the goal is to reach 1,500 by the end of 2020. Another picpay projection is to have a 25% market share in a decade.