Telefonica Brasil (VIV) has released an update.
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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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