TikTok seeks financial services licences in Brazil

ChainWatcher · 2026-04-01T09:53:17+00:00

TikTok has applied for two licenses to provide financial services in Brazil: one for electronic money issuance and the other as a direct credit company. Approval would enable TikTok to offer basic financial services, similar to Nubank's model.

ChainWatcher

2026-04-01 09:53:17

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Quoting two ‌sources, Reuters reports that TikTok has applied for two licences with the regulator. One would allow it to operate as an ‘electronic money issuer’, offering prepaid accounts for users to hold balances, receive funds and make payments within its app.

The second licence would make it a ‘direct credit company’ enabling it to lend its own capital or act as a platform connecting borrowers and lenders.

If approved, the move would allow TikTok to offer a suite of basic financial services to Brazilians, running a playbook popularized by Nubank, the country’s largest digital bank.

Both TikTok and the Brazillian central bank declined to comment on the report.

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