Magazine Luiza recently launched two financial products. With this, it will be possible to make loans in Magalu for individuals, and also the acquisition of a credit card for companies. From these launches, the retailer starts to operate under the Fintech Magalu brand. Get inside the details right now!
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Fintech Magalu
In short, a fintech is a company that provides solutions to its customers through digital services. In this way, services that until then were performed only in physical branches are now performed by cell phone or computer.
Fintech Magalu, whose application is available for Android and iOS, already has 16 million customers, including companies and individuals. Fintech is the product of the integration of different platforms and startups acquired by Magazine Luiza in recent years, including Hub Fintech.
loans
Regarding loans, the company will make up to R$ 5,000 available to customers, and the monthly interest will vary between 2.99% and 5%, according to the consumer's profile. The customer can repay the loan in up to 36 months.
How to apply?
After the request in the Magalu application, an analysis of the customer's financial profile will be carried out and, in case of approval, the money will be made available in the MagaluPay digital account. Around 10 million retailer customers have a pre-approved credit line and the loan function will be available in the app by the end of this month.
credit card
Fintech Magalu's corporate credit card focuses on more than 160,000 sellers with active registration on the company's marketplace. However, the novelty is still in the pre-launch phase and has a waiting list available.
Magalu's credit card will have some benefits, including a points program that can be exchanged for services and products on the platform, in addition to a free digital account.
payment initiator
Another novelty is that Magalu has started the process to act as a payment initiator. This way, customers will be more agile in payments via Pix, which can be made directly on the store's website, without the need to open the bank's app.
This means that it will not be necessary to copy and paste a key or scan the QR Code to make payments. The KaBum! store, which was acquired by Magalu, will be the first of the group to make the new feature available.
