The Financial Espresso: Amazon update in Bz; Nu‘s bid update; Base Exchange CEO change; XP in Prediction Markets; Revolut‘s loyalty program; Crop Plan

研报英文原文证据摘录

The Financial Espresso: Amazon update in Bz; Nu‘s bid update; Base Exchange CEO change; XP in Prediction Markets; Revolut‘s loyalty program; Crop Plan

Global Research

1 July 2026ab

The Financial Espresso Equities

Latin AmericaAmazon update in Bz; Nu's bid update; Base

Exchange CEO change; XP in Prediction Financial

Markets; Revolut's loyalty program; Crop Plan KaioAnalystPrato

kaio.prato@ubs.com

+55-11-3513 6573

Amazon launches Hours Delivery for FBA products in São Paulo and Rio de Thiago Batista, CFA

AnalystJaneiro

thiago.batista@ubs.com

According to Amazon, with Hours Delivery, customers in Rio de Janeiro and São +55-11-3513 6518

Paulo can choose from multiple delivery windows and receive their purchases on the

Camila Azevedo

same day, within a few hours. For Prime members, shipping is free on orders from R

Associate Analyst

$19 (except grocery and books, with free shipping over R$79). Eligible FBA products camila.azevedo@ubs.com

automatically enter the program. Amazon takes care of all logistics. In the initial +55-11-2767 6881

months, there is no additional fee. Our take: Another sign of intense competitive

Bruno Kenji

pressure for MELI and the overall e-commerce business in Brazil. See here recent

Amazon initiatives in Brazil. We recently discussed the investment cycle of MELI and bruno.kenji@ubs.com

its impacts on margins (here). We also highlight that part of this investment is being +55-11-2767 6056

allocated to expand the credit business. Although the credit business remains

Beatriz Shinye

profitable, the expansion is also pressuring margins due to higher loan loss

provisions. See here for our latest update. beatriz.shinye@ubs.com

+55-11-2767 6569

Nubank advances in bid for Portuguese bank’s Brazil unit