Telefonica Brasil (VIV) has released an update.
Telefônica Brasil S.A. has announced that the Central Bank of Brazil has approved the operation of Vivo Pay Sociedade de Crédito Direto S.A. (‘Vivo Pay SCD’), a subsidiary of the company. The news indicates Telefônica Brasil’s expansion into the financial services sector, providing potential new revenue streams and offerings for customers and investors.
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