Brazil''s Bradesco buys Ictineo to create digital bank in Mexico
Brazilian lender Banco Bradesco SA said on Thursday its subsidiary Bradescard has agreed to acquire Mexico''s Ictineo Plataforma SA in a bid to offer digital accounts in Latin America''s second-largest economy. Bradesco said the acquisition will allow the bank to enter the banking retail area, offering digital accounts, payroll loans and investment accounts. The Brazilian bank has been in Mexico for 12 years through financing company Bradescard Mexico.
Brazil''s Bradesco buys Ictineo to create digital bank in Mexico
Brazilian lender Banco Bradesco SA said on Thursday its subsidiary Bradescard has agreed to acquire Mexico''s Ictineo Plataforma SA in a bid to offer digital accounts in Latin America''s second-largest economy. Bradesco said the acquisition will allow the bank to enter the banking retail area, offering digital accounts, payroll loans and investment accounts. The Brazilian bank has been in Mexico for 12 years through financing company Bradescard Mexico.