Carrefour Group Announces Acquisition of 49 % Stake in Brazilian Fintech Ewally
CARREFOUR SA S/ADR (CRRFY)
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Source: Business Wire
The strategic partnership with Ewally in the digital financial services segment enables Carrefour to extend its solutions to B2C and B2B audiences in Brazil. MASSY, France--(BUSINESS WIRE)--Regulatory News:Carrefour Group (Paris:CA) announces acquisition of 49% stake in fintech Ewally, a company specializing in digital financial services, as part of its strategy to operate in the digital account segment in Brazil. The acquisition of a 49 % stake in the startup will allow the company to expand its payment and digital product and service distribution ecosystem in Brazil, in line with its digital transformation strategy. The agreement stipulates the option to acquire a controlling stake after three years.Operating in the digital financial services segment, Ewally stands out for its advanced technology and large range of services, whose main focus is to provide a new experience of using money, mainly for people who have no access to the financial system. Ewally’s expertise, coupled wit
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