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Fintech Bleap launches Pix between accounts in Brazil and Europe free of tax and fees
Business

Fintech Bleap launches Pix between accounts in Brazil and Europe free of tax and fees

SAPO15 September 2026 at 08:10

The Portuguese startup Bleap, founded by two former Revolut employees, launched a functionality that allows transfers via Pix between accounts in Brazil and Europe without charging IOF or any additional fees. The platform allows sending reais between the two markets at zero cost for the user.

The founders highlighted that Brazil has always been ahead in digital payment solutions. Bleap's international Pix functionality positions itself as an alternative to traditional remittances, which generally involve high costs and unfavorable exchange rates for users.

The company did not reveal specific details about the business model or how it intends to monetize the service. The startup is operating in a competitive market of fintechs that aim to facilitate international transfers, taking advantage of Pix's popularity as an instant payments system in Brazil.

Why this matters

Portuguese people working in Brazil or Brazilians with family in Europe now have an alternative to send money between the two markets without IOF costs, which usually reach 0.38%. Bleap positions itself as an intermediary, using its European structure to receive euros and return reais in Brazil, creating a cheaper channel than traditional international transfers. WHY-2: The company emerges at a time when the European Union has tightened rules on stablecoins, which may attract more fintechs to seek partnerships outside the bloc.

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This is our short summary of a report published by SAPO on 15 September 2026 at 08:10; the full text stays with the publisher. In our feed it sits under Business. We currently carry 23006 items in that section.

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