Brazilian fintech PicPay has expanded its product portfolio with the launch of a fully integrated global account tied to its existing Brazilian wallet. The new feature allows users to hold balances in U.S. dollars and euros, convert Brazilian reais instantly, and spend abroad through an international card without leaving the PicPay app. Positioned as an extension of its core mission to simplify personal finance, the move pushes PicPay deeper into cross-border banking and international payments.
PicPay Unveils Integrated Global Account
The Global Account enables PicPay customers to save, convert, and spend directly in dollars and euros inside the same interface they already use for local transactions. According to the company, the experience mirrors the simplicity and security of the domestic account, eliminating the need for external brokers or separate apps to access foreign currencies. By embedding global banking capabilities natively, PicPay aims to turn its platform into a single hub for both local and international financial activity.
Multicurrency Features and International Spending
Through the new solution, users can convert Brazilian reais into USD or EUR at competitive rates and hold these balances for savings or travel. The account is linked to an international Visa card, which can be used in more than 180 countries for in-store and online purchases. The card is also compatible with Apple Pay and Google Pay, allowing digital wallet payments abroad in the same way users already pay domestically.
Yield and Conversion Economics
PicPay highlights that dollar balances in the Global Account earn an annual yield of 4 percent, which is designed to make the product attractive not only for spending but also for hard-currency saving. The company also promotes what it calls one of the lowest conversion fees in the market, aiming to undercut traditional banks and currency exchange services. Together, these economics target Brazilians looking for both cost efficiency and predictable returns when holding foreign currencies.
Responding to Shifting Brazilian Consumer Needs
The launch comes as more Brazilians seek ways to shield their savings from domestic market volatility and gain exposure to stronger currencies. Growing international travel, foreign education payments, and access to global digital services have all increased demand for simple, retail-friendly multicurrency tools. PicPay’s Global Account is framed as a response to these trends, giving users the ability to manage money across borders with the same ease they manage day-to-day finances at home.
AstroPay Infrastructure Behind the Product
The new account is powered by AstroPay’s global financial infrastructure, which is built to support cross-border accounts, cards, and international payments. AstroPay’s platform allows partners like PicPay to roll out multicurrency products under their own brand while outsourcing the underlying regulatory, licensing, and technical complexity. By relying on AstroPay’s existing wallet technology, PicPay can scale global services quickly while staying focused on user experience and distribution in its home market.
Strategic Positioning in Brazil’s Digital Banking Landscape
PicPay, already one of Brazil’s largest digital financial platforms, is using the Global Account to move beyond local payments and into full-spectrum international finance for retail users. The product fits into its broader strategy of aggregating financial services, including connectivity to other banks through Open Finance. By embedding global accounts into that ecosystem, PicPay is positioning itself as a primary financial interface for a generation of users whose income, spending, and investments increasingly cross national borders.
“This launch gives every Brazilian the tools of a global bank without leaving PicPay,” said Danilo Caffaro, executive vice president of Personal Financial Services at PicPay, noting that the company wants to offer secure and simple access to dollars and euros along with global spending capabilities. He emphasized that users retain full control from a single, familiar app environment while gaining international reach. With the Global Account, PicPay is not just adding a feature, it is stepping into a new phase where its promise of simplifying financial lives now extends beyond Brazil’s borders.