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N26 ceases operations in Brazil

N26 ceases operations in Brazil

N26 is Europe’s leading digital bank with a German banking license. N26 mobile banking based on the latest technologies. It makes money management easier, safer and more convenient for customers.

Recently, N26 announced the end of the testing phase in Brazil, as well as the closure of the market. N26’s strategy is aimed at focusing on key European markets and further strengthening its position as Europe’s leading digital bank.

Early versions of the Brazilian product N26 have been tested among select customers in Brazil via a waiting list since November 2021, but have not been released to the general public. N26 must close all accounts in Brazil within the next two months.

Employees based in Brazil will be given the opportunity to apply for open positions in N26’s European offices to accelerate the development of N26’s European business in the future.

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