Associação Brasileira de Instituições de Pagamentos

What Associação Brasileira de Instituições de Pagamentos does

Associação Brasileira de Instituições de Pagamentos (ABIPAG) is a non-profit industry association founded in 2016 in São Paulo, Brazil, representing payment and financial institutions operating in Brazil's electronic payments ecosystem. It was constituted following the 2013 Lei nº 12.865/2013 that opened Brazil's electronic payment market and authorized the Banco Central do Brasil to oversee the sector. The association's membership comprises more than 45 institutions spanning payment institutions, card acquirers, e-money issuers, credit card issuers, international payment facilitators, sub-acquirers, and direct credit societies, including global players such as PayPal, Stripe, Adyen, Fiserv, SumUp, and Revolut alongside Brazilian fintechs such as Stone, CloudWalk, Pagar.me, EBANX, Celcoin, and others.

ABIPAG's core deliverables are practical guides, regulatory research studies, industry events, and standing committee work rather than proprietary technology products. The association operates four pillars: evolution of payment methods (Open Finance, Pix, card governance, voucher interoperability), credit expansion (receivables, Pix-as-guarantee, portability, financial education), ecosystem security and soundness (AML, fraud prevention, cybersecurity, prudential regulation), and new technology regulation (Drex, virtual assets, BaaS, AI, digital platforms). It maintains four standing committees (Payments & Financial Services, Legal, Ecosystem Security, International Payments) with working groups on Tax & Legislative matters, Open Finance, Split Payment, Accounting, and BaaS. In 2025 it launched Instituto Propague, an affiliated institute for financial citizenship research and education across four axes (research, education, cooperation, communication), and joined the Global Alliance for Payment Services Providers Associations at its 4th Congress.

The association is funded primarily through recurring membership fees paid by member institutions, supplemented by event revenue from the annual Congresso ABIPAG de Regulação e Concorrência, ABIPAG Debate sessions, and the Citizenship Financial Roundtables organized via Instituto Propague. Pricing is not publicly disclosed. ABIPAG operates with a small core team of 1-10 employees led by an Executive Superintendent (Tatiana Aranguiz) with governance provided by a Board of Directors and Advisory Council staffed by senior executives from member institutions including Stone (three seats), SumUp, PayPal, Stripe, EBANX, and Revolut. It maintains a technical cooperation agreement with Banco Central do Brasil and has board representation in the Open Finance Brasil governance structure.

Name

Associação Brasileira de Instituições de Pagamentos

Legal name

Associação Brasileira de Instituições de Pagamentos

Website

https://abipag.com.br

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

ABIPAG is a Brazilian non-profit industry association founded in 2016 that represents more than 45 payment and financial institutions, providing regulatory advocacy, policy research, and industry events for Brazil's electronic payments ecosystem.

Ownership category

akta.pro rank

Product category

Industry Association Services

NAICS

Credit Intermediation and Related Activities (522)

SIC

Finance Services (6199)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

• Industry association services
• Payment industry advocacy
• Regulatory advisory services
• Financial market research
• Membership organization

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership fees: ABIPAG is funded primarily through membership fees paid by associated payment and financial institutions. Members include payment institutions, financial institutions, card acquirers, e-money issuers, credit card issuers, international payment facilitators, sub-acquirers, direct credit societies, and other financial institution modalities.
2. Event revenue: Revenue generated from event participation fees, including the annual Congress ABIPAG, ABIPAG Debate sessions, and public round tables organized by Instituto Propague.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels8 records

Core offering

ABIPAG is a non-profit industry association that represents and advocates for Brazilian payment and financial institutions. Its core offering consists of membership-based services including regulatory advocacy with the Banco Central do Brasil, practical guides for payment institution administrators, research studies on payment ecosystem topics, annual congresses and debate sessions, and standing industry committees covering payments, legal matters, security, and international payments. Revenue is generated through recurring membership fees and event participation fees.

Product overview

Associação Brasileira de Instituições de Pagamentos (ABIPAG) is a non-profit association representing payment and financial institutions in Brazil. Rather than offering a unified technology product, ABIPAG provides a portfolio of professional services including practical guides, research studies, events (congresses, debates, roundtables), and standing committees. The publications include practical guides for payment institutions covering topics like Open Finance governance, data sharing, security, and authorization processes. The research arm, Instituto Propague, produces academic studies on topics like digital platforms, Pix innovations, and financial citizenship. The association organizes regular events including the annual ABIPAG Congress on Regulation and Competition, ABIPAG Debate sessions, and the Citizenship Financial Roundtables series. Standing committees address Payments & Financial Services, Legal matters, Security, and International Payments with associated working groups.

Differentiator

Problem solved

Functional benefit

Brands

• Instituto Propague: An initiative of ABIPAG dedicated to promoting financial education for economic and social development through research and debate, with four axes of operation: research, education, cooperation, and communication.

Products and services

• Congresso ABIPAG de Regulação e Concorrência Annual congress bringing together government authorities, market representatives, and academics to discuss regulation and competition in Brazil's financial market. For member payment institutions and broader industry stakeholders.
• ABIPAG Debate Internal debate sessions covering regulatory topics including CCS Registry, minimum capital rules, BCB consultations, Pix resolution, CFDs/FOREX regulation, and security directives. For ABIPAG member institutions.
• Mesa Redonda – Cidadania Financeira em Pauta Roundtable series discussing how regulation and competition can strengthen financial citizenship in Brazil, held across multiple cities (Belo Horizonte, São Paulo, Porto Alegre, Rio de Janeiro, Brasília) with academic and regulatory specialists. Open to public via Instituto Propague initiative.
• Comitê de Pagamentos & Serviços Financeiros Standing committee debating regulatory and competitive challenges of the payment industry, with working groups on Tax & Legislative matters, Open Finance, and Split Payment. For ABIPAG member institutions.
• Comitê Jurídico Standing committee conducting debates on legislation and regulation of financial and payment markets, with working groups on Accounting and BaaS topics. For ABIPAG member institutions.
• Comitê de Segurança do Ecossistema Financeiro Standing committee promoting strategic debates and sharing best practices for strengthening risk prevention and mitigation in the financial sector. For ABIPAG member institutions.
• Comitê de Pagamentos Internacionais Standing committee discussing legal and regulatory aspects related to international payments and payment institutions in the foreign exchange market. For ABIPAG member institutions.
• Instituto Propague ABIPAG's research and education institute promoting financial education for economic and social development through research and debate. Operates through four axes: Research, Education, Communication, and Cooperation. Produces studies and engages with academic institutions.
• Guia Prático para Administradores de Instituições de Pagamento Practical guide explaining the regulatory and sanctioning regime applicable to the administration of payment institutions in Brazil, including requirements for administration positions, best practices, and procedures with the Banco Central do Brasil. For executives and administrators of payment institutions.
• Guia Prático para Instituições de Pagamento no Compartilhamento de Dados e Serviços no Open Finance Practical guide orienting payment institutions on rules applicable to data sharing in Open Finance, promoting a fluid customer experience in compliance with principles of transparency, security, privacy, data quality, non-discriminatory treatment, reciprocity, and interoperability. For compliance and operations teams at payment institutions.
• Guia Prático para Instituições de Pagamento na Governança do Open Finance Practical guide explaining the definitive Open Finance governance structure, including participation processes, decision-making criteria, and implementation timeline established by BCB Resolution 400/2024. For executives, legal, and compliance teams at payment institutions.
• Guia Prático para Instituições de Pagamento na Segurança do Ecossistema Financeiro Practical guide providing guidance for integrated defense of the financial ecosystem, covering Anti-Money Laundering, fraud prevention, and cybersecurity dimensions. For compliance, risk, and security teams at payment institutions.
• Guia Prático para Instituições de Pagamento em Processo de Autorização Practical guide presenting guidelines for payment institutions preparing for the authorization process with the Central Bank, covering legal, operational requirements, and post-approval steps. For payment institutions seeking authorization or in the authorization process.
• Estudo sobre Alocação de Riscos em Arranjos de Cartão Research study examining risk allocation in card payment arrangements, analyzing who should bear the risk of issuer default through economic, operational, and regulatory perspectives. For payment institutions, regulators, and policy makers.
• Estudo Plataformas Digitais e Concorrência na Oferta de Serviços de Pagamento Research study examining competitive dynamics in digital markets, focusing on integration of payment arrangements and how interoperability can benefit users and promote competition. For payment institutions, regulators, and policy makers.
• Estudo Cinco Anos do Open Finance no Brasil Research study analyzing the structuring and evolution of Open Finance infrastructure in Brazil, reviewing results against regulatory objectives including innovation, competition, efficiency, and financial citizenship. For regulators, policymakers, and payment institutions.
• Estudo Inclusão e Segurança para Pessoas Jurídicas no Open Finance Research study analyzing a centralized database solution for mandates and representation powers to simplify and secure legal entities' participation in Open Finance. For regulators, legal entities, and payment institutions.
• Estudo Pix em Garantia Research study presenting a model for legal structuring of Pix as Guarantee, enabling redirection of Pix values for credit operation settlement, particularly for micro and small businesses. For lenders, payment institutions, and policymakers.
• Estudo Programa de Alimentação do Trabalhador (PAT) Research study analyzing benefits of implementing interoperability in payment arrangements within the Employee Food Program (PAT), promoting worker choice and reduced costs. For employers, payment institutions, and policymakers.

Quantifiable outcome

• More than 41 million Open Finance consents obtained and 102 billion API calls in 2024 (96% increase YoY)
• +1 more outcomes

Named customers35 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

22 partnerships are on record, tiered core, minor and major.

• Stocche Forbes AdvogadoscoreStrategic or Co-development Partner · 15 December 2025Law firm partner for the Tax Reform Committee meetings, hosting in-person sessions to discuss Split Payment implementation and MP 1.303 impacts on the payment sector.
• Pinheiro Neto AdvogadoscoreStrategic or Co-development Partner · 11 December 2025Law firm partner hosting Compliance and Security Committee meeting and Leadership Meeting event, with partners conducting debates on security ecosystem norms.
• Universidade Federal de Minas Gerais (UFMG)coreStrategic or Co-development Partner · 13 November 2025Academic partner for the 1st Propague Seminar on Financial Citizenship at the UFMG Law School, in partnership with the Nucleus of Research on National Financial System.
• Stocche Forbes Advogados (Training)minorImplementation/ SI/ Consulting Partner · 8 October 2025Law firm conducting training on corporate security, risk mitigation measures, and fraud combat for ABIPAG members.
• Souto Correa AdvogadoscoreStrategic or Co-development Partner · 11 September 2025Law firm partner for the Evolution of Payment Institutions event in Porto Alegre, discussing BCB and RFB regulatory improvements for security and financial inclusion.
• Global Alliance for Payment Services Providers AssociationsmajorStrategic or Co-development Partner · 3 September 2025International alliance launched at the 4th Congress ABIPAG 2025, with the objective of promoting and consolidating international best practices for the global payment ecosystem.
• Machado Meyer AdvogadoscoreStrategic or Co-development Partner · 21 August 2025Law firm partner for GT Open Finance meeting, providing venue for the working group meeting to discuss Open Finance evolution in Brazil. The event featured presentations from Open Finance Brasil, Banco Central representatives, and industry specialists.
• Casa JOTAminorStrategic or Co-development Partner · 14 August 2025Media partner hosting the MP 1.303/2025 event on fintech competitiveness and innovation for financial inclusion in Brasília.
• Accenture BrasilcoreStrategic or Co-development Partner · 30 July 2025Consulting firm presenting on Split Payment implementation in Brazil at the Tax Reform Committee inaugural meeting, providing strategic and practical insights on the new payment model.
• BIP GroupcoreTechnology or Integration · 30 July 2025Partner providing analysis of necessary system and process adjustments for institutions preparing for the new Split Payment model in the payment ecosystem.
• Banco Central do BrasilcoreStrategic or Co-development Partner · 29 May 2025Brazil's central bank with which ABIPAG has a technical cooperation agreement for innovation and development of payment ecosystem initiatives benefiting Brazilian citizens. ABIPAG participates in Open Finance governance structure under BCB supervision.
• Open Finance BrasilcoreStrategic or Co-development Partner · 1 January 2025Open Finance governance entity in which ABIPAG participates as representative of payment institutions. ABIPAG has representation on the Open Finance Association board through Gabriel Cohen.
• Instituto PropaguecoreStrategic or Co-development PartnerABIPAG's research and education initiative focused on financial citizenship. The institute operates through four axes: research, education, cooperation, and communication. It produces studies, organizes events, and engages with academic institutions.
• Instituto FinRegminorStrategic or Co-development PartnerPartner supporting the Financial Citizenship Round Table event at UFMG in Belo Horizonte.
• IDP (Instituto de Direito Público)minorStrategic or Co-development PartnerPartner hosting the Financial Citizenship Round Table event in Brasília, with GEDE (Group of Studies in Law and Economics) support.
• InspercoreStrategic or Co-development PartnerEducational institution in São Paulo hosting the Financial Citizenship Round Table event, with support from the Banking Law Center (CDB/USP) and FGV DIREITO SP.
• Centro de Direito Bancário (CDB/USP)minorStrategic or Co-development PartnerBanking Law Center at University of São Paulo co-supporting the São Paulo edition of the Financial Citizenship Round Table.
• FGV DIREITO SPminorStrategic or Co-development PartnerSão Paulo law school supporting the São Paulo edition of the Financial Citizenship Round Table.
• Universidade Federal do Rio Grande do Sul (UFRGS)coreStrategic or Co-development PartnerFederal university in Porto Alegre hosting the Porto Alegre edition of the Financial Citizenship Round Table, with support from the Nucleus of Studies on Financial Law.
• Universidade do Vale do Rio dos Sinos (Unisinos)minorStrategic or Co-development PartnerUniversity supporting the Porto Alegre edition of the Financial Citizenship Round Table.
• OAB/RJ (Ordem dos Advogados do Brasil - Rio de Janeiro)coreStrategic or Co-development PartnerRio de Janeiro bar association hosting the Rio de Janeiro edition of the Financial Citizenship Round Table, with the Banking Law Commission.
• Sociedade de Pesquisa e Desenvolvimento de Produto da PUCRSminorOthersPartner university contributing to the Porto Alegre Financial Citizenship Round Table.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Electronic Transactions Association (ETA): US-based trade association representing the payments industry, including merchants, financial institutions, and payment processors. Directly comparable as an industry-association model advocating on payments regulation, standards, and policy on behalf of payment institutions.
• Câmara Interbancária de Pagamentos (CIP): Brazilian interbank payments chamber operating Pix-related services and payment infrastructure. Comparable as a Brazil-focused payments governance body interacting closely with Banco Central do Brasil on payment-system rules and standards.
• NACHA (The Electronic Payments Association): US-based payments association governing the ACH network and related payment standards. Comparable as a payments-industry governance and standards-setting body with regulatory engagement and member-driven committees.
• The Clearing House (TCH): US banking association and payments company operating core payment systems and advocating on payments policy. Comparable as a payments-industry association with both governance and operational roles, though it also operates infrastructure.
• ANIPE (Associação Nacional das Instituições de Pagamento Eletrônico): Brazilian association of electronic payment institutions. Directly comparable as a Brazilian industry-association peer representing payment institutions and engaging regulators, with overlapping membership and overlapping advocacy scope.

Broad incumbents

• Federação Brasileira de Bancos (Febraban): Brazilian banking federation representing large financial institutions. Comparable as a Brazilian financial-services advocacy body engaging Banco Central do Brasil on regulation, technology, and competition, though it focuses on incumbent banks rather than payment institutions.
• UK Finance: UK trade association for the financial-services sector covering banking, payments, and fintech. Comparable as an industry-association model advocating on payments regulation and Open Banking-like initiatives, though broader in scope than ABIPAG.

Regional players

• Australian Payments Network (AusPayNet): Australian self-regulatory body for the payments industry, managing payment standards and engaging the Reserve Bank of Australia. Comparable as a regional payments-industry association with regulatory advocacy and standards responsibilities, though operating in Australia.
• Payments Canada: Canadian not-for-profit payments organization operating national clearing and settlement systems and engaging the Bank of Canada on policy. Comparable as a payment-system governance and industry-association hybrid, though focused on Canada.
• Singapore Fintech Association: Singapore-based industry association representing fintechs and payments players, engaging MAS on regulation and promoting the ecosystem internationally. Comparable as a fintech/payments advocacy body with global-outreach orientation, though based in Singapore.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/abipag

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Associação Brasileira de Instituições de Pagamentos