“Can a Brazilian ATM network turn its physical footprint into an embedded-finance channel — a 'bank and store' — as Pix erodes cash withdrawals?”
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.
Saque e Pague discloses Banco Topázio S.A. (banking correspondent) and Saque e Pague Instituição de Pagamento S.A. (in-house) as its banking providers, with Banco Topázio S.A. as its sponsor bank, according to the Embedded Finance Index 2026.
Saque e Pague does not disclose a bank charter of its own; its banking services are provided through Banco Topázio S.A..
Saque e Pague processes payments through Pix (self-operated ATM network). Disclosed money-movement rails: Pix.
Saque e Pague's cards run on Visa and Mastercard.
The Embedded Finance Index 2026 maps 5 layers in Saque e Pague's stack: Payments / PSP (Pix (self-operated ATM network)); Money movement (Pix); Banking / BaaS (Banco Topázio S.A. (banking correspondent) and Saque e Pague Instituição de Pagamento S.A. (in-house)); Card network (Visa and Mastercard); Sponsor bank (Banco Topázio S.A.).
Saque e Pague is founded in 2010 and headquartered in Porto Alegre, Rio Grande do Sul, Brazil.
Get a read on where your own stack stands against Saque e Pague 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.