Casas Bahia Pay
The retailer's own account for shoppers banks overlook: no proof of income, cash deposits at the till, and the store carnê paid from the same app.
Casas Bahia's retail account (ex-banQi, renamed 2026): free Pix, prepaid Mastercard, cash in and out at stores.
- Who holds it
- An e-money institution holds your balance in a safeguarding account — Banco Central-authorised e-money issuer (Banqi Instituição de Pagamento Ltda); prepaid Mastercard; loans via group credit fintech BNQI SCD.
- The ledger
- The e-money institution’s own ledger.
- If it fails
- Safeguarded funds are returned in administration — ring-fenced, but access can be frozen and slow.
Derived from Casas Bahia Pay’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · underbanked |
| HQ | São Paulo, BR |
| Founded | 2018 |
| Custody | Custodial |
| Regulation type | E-money institution |
| License detail | Banco Central-authorised e-money issuer (Banqi Instituição de Pagamento Ltda); prepaid Mastercard; loans via group credit fintech BNQI SCD |
| Card | MC · Prepaid |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
| Countries | Brazil |
Verified links: official site ↗ · terms ↗
Common questions about Casas Bahia Pay
What is Casas Bahia Pay?
Casas Bahia Pay is a fiat neobank built for underbanked, headquartered in São Paulo, BR and founded in 2018. Your money is held custodially, so Casas Bahia Pay or its partner bank holds the balance and you hold a claim on it. It is regulated as an e-money institution (Banco Central-authorised e-money issuer (Banqi Instituição de Pagamento Ltda); prepaid Mastercard; loans via group credit fintech BNQI SCD).
Does Casas Bahia Pay have a card, and where can you use it?
It issues a Mastercard prepaid card. It is available in Latin America.
Does Casas Bahia Pay require KYC?
Yes. Casas Bahia Pay requires identity verification (KYC) to open an account, as a e-money institution.
Peers
Wise · Nubank · Banco Inter · PicPay · PagBank · Nequi
Casas Bahia Pay appears in
Neobanks authorised as e-money institutions (49) · Neobanks that require identity verification (337) · Neobanks available in Latin America (116) · Neobanks built for the underbanked (24) · Neobanks that issue a Mastercard (151) · Neobanks in Brazil (12)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.