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The Nexus
BUSINESSJul 22 · 11:19 UTCTHE RIO TIMESLachlan Williams

XP Enters Card Machines, Challenging Brazil’s Stone and Cielo

XP is expanding into card machines in Brazil, with 2025 card TPV reaching R$52.2 billion (US$10.3 billion), a 9% YoY increase. The company reported 1.5 million active cards in Q4 2025 and 4 million clients, challenging competitors Stone and Cielo.

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Mentioned
XPorganizationStoneorganizationCieloorganizationBrazilplacecard machinestopicCredit Cardstopicclient assetstopic
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