SEA Deal Ticker
Brazil now demands a licence to move money in, so Ant International went and got one
Brazil's central bank authorised the Singapore-headquartered payments group as a payment institution, extending a network that clears over 20 million transactions a day across 150 million merchants.
Positive-sum angle: Any SEA seller shipping into Brazil has been stuck with correspondent-bank pricing. A licensed regional operator on the other end is the cheaper rail, and it now exists.