“Can a mid-size Brazilian PJ-focused bank become the BaaS rails behind fintechs, marketplaces, and global remittance players that need Pix and BRL access?”
Banco BS2 evolved from a traditional Brazilian credit-focused bank (formerly Banco Bonsucesso) into a 100% digital bank for businesses. Its acquiring arm Adiq spun out as a separate brand. Since 2021 the company has positioned itself as 'BS2 Infratech' — a Banking-as-a-Service provider exposing checking accounts, Pix, FX (BS2 Easy Pay), boletos, credit, and insurance to partners via APIs or white-label platforms.
Banco BS2 discloses Banco BS2 S.A. (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Banco BS2 does not disclose a bank charter of its own; its banking services are provided through Banco BS2 S.A. (in-house).
Banco BS2 processes payments through Adiq (BS2 Pay, self-operated acquirer), Pix (direct participant, self-operated), Boleto / Cobrança (self-operated) and Adyen (BIN sponsorship partnership via Adiq). Disclosed money-movement rails: Pix.
Banco BS2's lending and capital products are provided by Banco BS2 S.A. (in-house).
Banco BS2 connects to bank accounts through Belvo.
Banco BS2 uses Banco BS2 (self-operated, Grand Cayman branch) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 7 layers in Banco BS2's stack: Payments / PSP (Adiq (BS2 Pay, self-operated acquirer), Pix (direct participant, self-operated), Boleto / Cobrança (self-operated) and Adyen (BIN sponsorship partnership via Adiq)); Money movement (Pix); Banking / BaaS (Banco BS2 S.A. (in-house)); Lending (Banco BS2 S.A. (in-house), Limite Empresarial (revolving business credit line / 'cheque especial'), Antecipa Cartão (card receivables advance), Capital de Giro (working capital) and 1 other); Open banking (Belvo); FX & payouts (Banco BS2 (self-operated, Grand Cayman branch)); Transaction enrichment (Belvo).
Banco BS2 is founded in 1992 and headquartered in Belo Horizonte, Minas Gerais, Brazil.
Get a read on where your own stack stands against Banco BS2 and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.