Universo
“Can a Portuguese consumer credit card company become a modern embedded finance platform for retail and e-commerce credit in Portugal?”
HQPortugal
IndustryFintech / Consumer banking
The story
Universo, IME, S.A. is a Portuguese electronic money institution that operates as a credit card and consumer finance company, best known for the Cartão Universo. Beyond its core card product, Universo has expanded into embedded retail credit (Universo Store Pay) and has modernised its core banking infrastructure through a partnership with Mambu. The partnership with Token signals a move toward open-banking-enabled payment initiation as an alternative to traditional card rails, positioning Universo as a modern fintech-oriented consumer finance provider within Portugal.
Last 12 months
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Regulated entities
EMI
Portugal
Universo, IME, S.A.
The stack
Banking / BaaS
Lending
Universo Store Pay (consumer instalment credit at retail POS)Credit card revolving credit (Cartão Universo / Universo+)
Open banking
Accounting gap: none