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    VIVT3   BRVIVTACNOR0

TELEFÔNICA BRASIL S.A.

(VIVT3)
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Delayed Quote. Delayed Bolsa de Valores de Sao Paulo - 05/25 04:07:34 pm
52.35 BRL   +0.83%
05/11TRANSCRIPT : Telefônica Brasil S.A., Q1 2022 Earnings Call, May 11, 2022
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Brazilian fintech Dock will use crypto for international remittances

01/21/2022 | 03:32pm EDT

SAO PAULO, Jan 21 (Reuters) - Brazilian financial services provider Dock said on Friday it will start using cryptocurrencies to process international remittances as it expands to Latin America and Europe.

Brazilian reais will be converted into bitcoin then into another currency, such as the dollar, and will reach end users through Dock customers such as Vivo and Natura&CO .

"It will be both a quick and cheap way of making remittances," Frederico Amaral, head of products and technology at Dock, told Reuters in an interview.

International transfers have been an increasingly coveted niche for fintechs such as Remessa Online and Wise that can sell services more cheaply than large banks.

Created in 2014 after being acquired by the North American venture capital fund Riverwood Capital, Dock until last year was named Conductor.

Dock in December received approval from the Brazilian Central Bank to buy rival Brasil Pré-pagos (BPP), which brought with it a financial institution license.

In July, Reuters reported that Dock had hired banks for an initial public offering (IPO) in the United States.

According to Amaral, the U.S. listing is a natural path for the company, but there is no rush because the company still has part of the $170 million it received at the end of 2020 from investors such as Temasek, Viking Global and Sunley House, a unit of Advent International. (Reporting by Aluísio Alves Writing by Carolina Pulice; Editing by Cynthia Osterman)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN (BTC/EUR) 1.41% 27613.8 End-of-day quote.-34.30%
BITCOIN (BTC/USD) 1.91% 29630.1 End-of-day quote.-37.93%
BRITISH POUND / US DOLLAR (GBP/USD) 0.42% 1.2594 Delayed Quote.-7.11%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.07% 0.78031 Delayed Quote.-1.14%
EURO / US DOLLAR (EUR/USD) -0.39% 1.06914 Delayed Quote.-6.03%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.06% 0.0129 Delayed Quote.-3.95%
NATURA &CO HOLDING S.A. -0.73% 16.38 Delayed Quote.-35.12%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.58% 0.64851 Delayed Quote.-5.73%
TELEFÔNICA BRASIL S.A. 0.83% 52.35 Delayed Quote.7.74%
WISE PLC -0.43% 350.5 Delayed Quote.-53.48%
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Financials
Sales 2022 46 586 M 9 624 M 9 624 M
Net income 2022 5 156 M 1 065 M 1 065 M
Net Debt 2022 9 876 M 2 040 M 2 040 M
P/E ratio 2022 19,2x
Yield 2022 6,18%
Capitalization 87 788 M 18 136 M 18 136 M
EV / Sales 2022 2,10x
EV / Sales 2023 1,96x
Nbr of Employees 32 759
Free-Float 25,1%
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Telefônica Brasil S.A. Technical Analysis Chart | VIVT3 | BRVIVTACNOR0 | MarketScreener
Technical analysis trends TELEFÔNICA BRASIL S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 52,35 BRL
Average target price 56,49 BRL
Spread / Average Target 7,90%
EPS Revisions
Managers and Directors
Christian Mauad Gebara Chief Revenue Officer
David Melcon Sanchez-Friera CFO, Director & Chief Investor Officer
Eduardo Navarro de Carvalho Chairman
Francisco Javier de Paz Mancho Independent Director
Luiz Fernando Furlán Independent Director
Sector and Competitors