PagBank
PagSeguro's 30M+ user digital bank.
- Who holds it
- The company itself — it holds a full banking licence — Bank; Public (PAGS).
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from PagBank’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 |
| HQ | São Paulo, BR |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | Bank; Public (PAGS) |
| Card | Visa · Debit + credit |
| Yield | CDI-linked |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Latin America |
| Reported users | 32M clients (2024) |
Verified links: official site ↗
Common questions about PagBank
What is PagBank?
PagBank is a fiat neobank, headquartered in São Paulo, BR and founded in 2019. Your money is held custodially, so PagBank or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (Bank; Public (PAGS)).
Does PagBank have a card, and where can you use it?
It issues a Visa debit and credit card. It is available in Latin America.
Does PagBank require KYC?
Yes. PagBank requires identity verification (KYC) to open an account, as a licensed bank.
What does PagBank cost?
From the verified fields: yield CDI-linked. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with PagBank before relying on them.
Head-to-head
PagBank vs PicPay · PagBank vs Banco Inter
Peers
Wise · Nubank · Banco Inter · PicPay · Nequi · Ualá
PagBank appears in
Neobanks that hold their own banking license (132) · Neobanks available in Latin America (113) · Neobanks that issue a Visa card (182) · Neobanks in Brazil (11)
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.