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Braspag

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Can a payment gateway and orchestration platform become the dominant embedded payments infrastructure for Brazilian e-commerce and marketplace operators by leveraging Cielo's acquirer rails?

HQSão Paulo, Brazil
IndustryInfrastructure / Payments
The story

Braspag started as an independent payment gateway and orchestration platform for Brazilian e-commerce, providing multi-acquirer connectivity and anti-fraud tools. It was acquired by Cielo, Brazil's dominant card acquirer, and has since operated as Cielo's digital/e-commerce payments infrastructure layer. Today Braspag-branded products (Split de Pagamento, Gateway de Pagamento, Gestão de Risco) are sold under the Cielo E-commerce umbrella, effectively making Braspag the embedded payments infrastructure for Cielo's merchant and marketplace clients.

Last 12 months
Regulated entities
1
regulatory licence held by Braspag
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
1 layer disclosed in Braspag’s embedded-finance stack
Payments / PSP
Cielo (self-operated via parent)
Accounting gap: none