The Financial Espresso "Desenrola 2.0; Desenrola for defaulters; BTG; BZ..."

研报英文原文证据摘录

The Financial Espresso "Desenrola 2.0; Desenrola for defaulters; BTG; BZ..."

According to a research ran by klavi and EY (see here), Asian marketplaces (inc.

Shopee, Temu, TikTok Shop and Shein) already account for 78% of retail-related

search volume in Brazil, while incumbents such as Amazon and MELI, share the

remaining 22%. As per the research, over the past year, traditional retailers saw

their market share compress from 67.5% to 58%, while Asian players expanded from

32% to 41.5%. The competitive edge of Asian platforms stems less from price alone

and more from purchase frequency (0.97 transactions per user/month vs. 0.65 for

traditional players), despite operating at a significantly lower average ticket (R$84

vs. R$213). Our take: This is in line with Asian players' investments in the country,

that have been increasing competitive pressure.

Programmable payments gain space in discussions about stablecoins and AI

Programmable payments are increasingly central in discussions about stablecoins

and AI, as industry participants see the convergence of these technologies as a key

step toward a more automated and efficient financial system (Valor). The concept

involves embedding rules and conditions directly into transactions, allowing

payments to be executed automatically by AI agents without human intervention,

which could enable use cases such as recurring payments, conditional transfers, and

machine-to-machine transactions. According to the article, this evolution is gaining

traction among financial institutions, fintechs, and crypto players, who view

stablecoins as an ideal settlement, especially in cross-border contexts. However,

discussions also highlight challenges including regulation, security, and the need for