Saque e Pague
“Can a Brazilian ATM network turn its physical footprint into an embedded-finance channel — a 'bank and store' — as Pix erodes cash withdrawals?”
Founded2010
HQPorto Alegre, Rio Grande do Sul, Brazil
IndustryFintech / ATM & Payments Infrastructure
The story
Founded 2010 as an independent Brazilian ATM operator competing with Banco24Horas under the 'Verdinho' brand. With Pix's rise threatening cash-machine relevance, Saque e Pague pivoted from pure cash-dispensing hardware into a financial-services platform: Pix Saque/Depósito, bill payment, Visa card deposits, Tele Sena sales, plus a digital account and marketplace ambition backed by a R$200M plan. In 2024 it incorporated its own regulated payments-institution entity, complementing the existing banking-correspondent relationship with Banco Topázio.
Product timeline
2010
Founded in Porto Alegre as an independent ATM (caixa eletrônico 'Verdinho') network operator· banking
2020
Launched Pix Saque and Pix Depósito services enabling cardless ATM withdrawals/deposits via Brazil's instant payment rail· banking
2022
Announced R$200M investment plan to evolve ATMs into 'bank + store' — launched digital account and marketplace pilot· pivot
2024
Incorporated Saque e Pague Instituição de Pagamento S.A. — obtaining its own payments-institution license· banking
Regulated entities
1
regulatory licence held by Saque e Pague
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Saque e Pague’s embedded-finance stack
Payments / PSP
Money movement
in the full report
Banking / BaaS
in the full report
Card network
in the full report
Sponsor bank
in the full report
Accounting gap: minor
6 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.