{{short description|Brazilian mobile payment app}} {{Infobox website | name = RecargaPay do Brasil Serviços de Informática Ltda. | logo = Recargapay-logo.jpg | collapsible = yes | collapsetext = Screenshot | screenshot = | caption = RecargaPays's home page | company_type = Private | language = Portuguese | foundation = {{Start date and age|2010|11|01|df=no|p=no|br=no}} | location_city = São Paulo | location_country = Brazil | area_served = Brazil | founder = {{Unbulleted list|Rodrigo Teijeiro|Álvaro Teijeiro|Gustavo Victorica}} | key_people = Rodrigo Teijeiro<br />(CEO)<br />Álvaro Teijeiro<br />(CTO)<br />Gustavo Victorica<br />(COO)<br />Diego Escobar<br />(CFO)<br />Diego Belbussi<br />(CMO) | industry = Internet | products = Credit card (for individuals and businesses) Personal Loans Pix (instant payment system) Pix with credit card Earnings of 110% of the CDI (Interbank Deposit Certificate) Bill and boleto payments Business account Payment link Card reader (Maquininha) Tap to Pay Mobile phone top-up Transportation card top-up | num_employees = + 600 (2024) (March 22, 2024) <ref name="finsmes">[http://www.finsmes.com/2018/02/recargapay-raises-22m-in-series-b-funding.html "RecargaPay Raises $22M in Series B Funding"], ''FinSMEs'' (REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS), 02/22/2018</ref> | url = {{URL|https://recargapay.com.br/}} | registration = Required | num_users = Over 10 million users <ref>Bloomberg , [https://www.bloomberglinea.com.br/startups/recargapay-chega-a-10-milhoes-de-usuarios-e-r-12-bi-em-receita-e-preve-acelerar/"], ''Linkedin Pulse'', 07/21/2016</ref> | current_status = Active | type = Mobile Money Wallet<ref name="gvexecutivo">{{cite journal |last1=Kemmer Cernev |first1=Adrian |date=March{{ndash}}April 2017 |title=O futuro do dinheiro eletrônico |url=http://bibliotecadigital.fgv.br/ojs/index.php/gvexecutivo/article/viewFile/68675/66307 |journal=Gvexecutivo |volume=16 |issue=2 |page=44 |access-date=April 12, 2018 }}</ref> }} '''RecargaPay''' is a Brazilian mobile payments app company that provides online financial services for banked and unbanked individuals nationwide. It was founded in 2010 by Rodrigo Teijeiro, Alvaro Teijeiro, and Gustavo Victorica. The company has over 600 employees based mainly in São Paulo, Buenos Aires, Argentina, and Miami, USA, and has reported over 10 million active users.<ref>{{Cite web |last=Bonfim |first=Marcos |date=2025-02-27 |title=RecargaPay chega a 10 milhões de usuários e R$ 1,2 bi em receita. E prevê acelerar |url=https://www.bloomberglinea.com.br/startups/recargapay-chega-a-10-milhoes-de-usuarios-e-r-12-bi-em-receita-e-preve-acelerar/ |access-date=2025-08-08 |website=Bloomberg Línea Brasil |language=pt-BR}}</ref>
The platform operates as a digital wallet, allowing users to perform a range of financial transactions, including mobile phone and public transport card top-ups, as well as bill and invoice payments.<ref>{{Cite web |date=2024-11-12 |title=RecargaPay founder shares insights on building a Brazilian fintech giant, and what's next - Refresh Miami |url=https://refreshmiami.com/news/recargapay-founder-shares-insights-on-building-a-brazilian-fintech-giant-and-whats-next/ |access-date=2025-10-01 |language=en-US}}</ref> In addition, the service provides options for applying for credit cards and personal loans directly through the application.<ref>{{Cite web |title=IDB Invest To Support Digital Payments Through Brazil's RecargaPay {{!}} IDB Invest |url=https://idbinvest.org/en/news-media/idb-invest-support-digital-payments-through-brazils-recargapay |access-date=2025-10-01 |website=idbinvest.org |language=en}}</ref>
==History== The company was founded in 2010 by brothers Rodrigo and Álvaro Teijeiro, currently CEO and CTO respectively, and Gustavo Victorica, current COO.
Recarga.com operated in Latin America and in the United States under the ownership of Fnbox, a technology holding company that manages various online businesses. By August 2012, the company had processed transactions in six countries for 110,000 customers across more than twenty mobile carriers.<ref>{{cite web |url=http://www.redorbit.com/news/technology/1112679129/latin-american-ecommerce-leader-fnbox-chooses-adyens-payments-platform-to/ |title=Latin American E-Commerce Leader Fnbox Chooses Adyen's Payments Platform To Facilitate Global Expansion |publisher=redOrbit |date=August 21, 2012 |access-date=September 12, 2012}}</ref>
In 2013, Fnbox began a process of dismemberment to focus exclusively on the mobile recharge business.<ref>{{cite web |url=http://www.worldbank.org/en/news/2012/07/18/america-latina-telefonos-celulares |title=Latin America leads Global Mobile Growth |publisher=World Bank |date=July 18, 2012 |access-date=September 12, 2012 |archive-date=August 22, 2012 |archive-url=https://web.archive.org/web/20120822235044/http://www.worldbank.org/en/news/2012/07/18/america-latina-telefonos-celulares |url-status=dead }}</ref> Consequently, Recarga.com became RecargaPay, and diversified its product offering.<ref>{{cite web |url=http://www.fnbox.com/team.php |title=Our team |publisher=Fnbox Ventures, Inc. |access-date=September 12, 2012 |archive-url=https://archive.today/20130125003657/http://www.fnbox.com/team.php |archive-date=January 25, 2013 |url-status=dead}}</ref>
Since its launch, RecargaPay has recorded over 30 million app downloads and raised more than US$120 million through multiple funding rounds.<ref>{{Cite web |last=Castro |first=Mariangela |date=2021-10-28 |title=RecargaPay recebe investimento de R$ 55 milhões para expansão da plataforma |url=https://forbes.com.br/forbes-money/2021/10/recargapay-recebe-investimento-de-r-55-milhoes-para-expansao-da-plataforma/ |access-date=2025-10-01 |website=Forbes Brasil |language=pt-br}}</ref> Notable investors include the International Finance Corporation (IFC), IDB Invest, and Fuel Venture Capital.
RecargaPay is authorised by the Central Bank of Brazil as a Payment Institution (electronic money issuer), Direct Credit Society (SCD, licensed October 2021), and Credit, Financing, and Investment Society (SCFI, licensed in 2024).<ref name="valor.globo.com">{{Cite web |date=2024-10-18 |title=RecargaPay recebe aprovação do BC para atuar como financeira |url=https://valor.globo.com/financas/noticia/2024/10/18/recargapay-recebe-aprovao-do-bc-para-atuar-como-financeira.ghtml |access-date=2025-10-01 |website=Valor Econômico |language=pt-br}}</ref><ref>{{Cite web |last=Martins |first=Danylo |date=2024-10-18 |title=RecargaPay recebe autorização do BC para virar financeira |url=https://finsidersbrasil.com.br/regulamentacao/recargapay-recebe-autorizacao-do-bc-para-virar-financeira/ |access-date=2025-10-01 |website=Finsiders Brasil |language=pt-BR}}</ref>
==Services== [[File:RecargaPayOfficeInSaoPaulo.jpg|thumb|right|RecargaPay's headquarters in São Paulo, Brazil.]] RecargaPay allows payments through credit card, debit card, PIX, or its wallet which can be loaded via Pix or credit card.
Merchants can resell RecargaPay's services to attract customers, offering mobile phone recharges and bill payments. The business account also provides additional features, such as credit cards with cashback and payment collection methods, including payment links and tap-to-pay options.<ref>{{Cite web |title=RecargaPay transforms cell phones into POS terminals with the launch of a new service {{!}} TI INSIDE Online |url=https://tiinside.com.br/en/12/03/2025/recargapay-transforma-celular-em-maquininha-com-lancamento-de-novo-servico/ |access-date=2025-10-01 |website=tiinside.com.br}}</ref> ;Cell phone recharges RecargaPay supports multiple carriers: Claro, TIM, Vivo, Oi, Correios, Sercomtel, Algar, and Surf Telecom. It offers scheduled recharges, and an Offline Recharge option for those without credits.<ref name="recargapay">{{cite web |url=http://recargapay.com.br/ |title=RecargaPay |publisher=RecargaPay |access-date=May 31, 2021 |language=Portuguese}}</ref>
;Transport card recharge The service covers transportation cards from various cities, such as Bilhete Único and Cartão TRI. The company offers this service to over 30 transportation cards through the country, reaching more than 60 cities.<ref>{{cite web |url=https://www.techtudo.com.br/dicas-e-tutoriais/2019/02/app-que-carrega-o-bilhete-unico-veja-como-usar-o-recargapay-no-celular.ghtml |title=App que carrega o Bilhete Único: veja como usar o RecargaPay no celular |date=February 13, 2019 |work=Techtudo |access-date=May 31, 2021 |language=Portuguese}}</ref><ref>{{cite web |url=https://www.meon.com.br/noticias/rmvale/bilhete-unico-pode-ser-recarregado-por-aplicativo-de-celular-em-sao-jose |title=Bilhete Único pode ser recarregado por aplicativo de celular em São José |publisher=Meon |access-date=May 31, 2021 |language=Portuguese}}</ref><ref>{{cite web |url=http://www.engeplus.com.br/noticia/geral/2021/actu-inicia-vendas-de-passagens-online-via-recargapay |title=ACTU inicia vendas de passagens online via RecargaPay |date=March 10, 2021 |publisher=Engeplus Empresas |access-date=May 31, 2021 |language=Portuguese}}</ref>
'''Personal Loans'''
RecargaPay also offers a personal loan service through its app. Eligible users can access pre-approved credit directly via the app, with a simplified application process and installment payment options. Loan availability is subject to credit analysis and the terms and conditions established by the company.<ref>{{Cite web |last=TudoCelular.com |date=2024-10-20 |title=RecargaPay passa a operar como financeira e promete mais opções de crédito a usuário |url=https://www.tudocelular.com/mercado/noticias/n227449/recargapay-opera-como-financeira-opcoes-credito.html |access-date=2025-10-01 |website=TudoCelular.com |language=pt-br}}</ref><ref name="valor.globo.com"/>
'''Credit Cards'''
RecargaPay issues credit cards in standard, Black, and Platinum versions. It also offers a “limite garantido” card (a secured-limit product), in which the spending limit is backed by a user deposit and defined through the app.<ref>{{Cite web |last=dino |title=RecargaPay lança cartões de crédito Black e Platinum |url=https://www.terra.com.br/noticias/recargapay-lanca-cartoes-de-credito-black-e-platinum,eeed559ebd11ecfae8bd3bc78720bc72axvkrluo.html |access-date=2025-10-01 |website=Terra |language=pt-BR}}</ref><ref>{{Cite web |last=orseni |last2=Pequeno |first2=Orseni |date=2025-06-16 |title=RecargaPay lança cartões Platinum e Black com cashback, salas VIP e spread zero - confira os detalhes |url=https://www.melhorescartoes.com.br/lancamento-cartao-recargapay-platinum-black.html |access-date=2025-10-01 |website=Melhores Cartões |language=pt-BR}}</ref>
==Accolades== In 2016, RecargaPay was nominated in two categories of the Latam Founders Awards: Most Innovative Company and Best B2C Company, losing in both nominations for Pipefy and Nubank, respectively.<ref>{{cite web |url=https://www.prnewswire.com/news-releases/third-annual-latam-founders-award-gala-to-be-held-in-sao-paulo-300249770.html |title=Third Annual Latam Founders Award Gala to Be Held in Sao Paulo |location=São Paulo |date=April 12, 2016 |publisher=Latam Founders Network |via=PR Newswire (Cision US, Inc.) |access-date=April 18, 2021 |language=Portuguese}}</ref> At the ReclameAqui Awards, RecargaPay received honors for four consecutive years: it achieved third place for Online Payments two times, the second place for Financial Solutions and the fifth place for Digital Payment Method.<ref name="reclame_2019">{{cite web |url=https://premio.reclameaqui.com.br/anosanteriores/2019 |title=Prêmio Reclame AQUI 2017 |date=2019 |publisher=Reclame AQUI |access-date=April 18, 2021 |language=Portuguese |archive-date=March 17, 2021 |archive-url=https://web.archive.org/web/20210317084842/https://premio.reclameaqui.com.br/anosanteriores/2019 |url-status=dead }}</ref><ref name="reclame_2018">{{cite web |url=https://epoca.globo.com/netflix-a-grande-vencedora-do-premio-epoca-reclameaqui-2018-23199298 |title=Netflix é a grande vencedora do prêmio Época ReclameAqui 2018 |date=October 30, 2018 |work=Época |publisher=Globo.com |access-date=April 18, 2021 |language=Portuguese}}</ref>
{|class="wikitable" !Year !Award !Category !Result |- |2020 !rowspan="4" style="font-weight:normal; text-align:left;"|ReclameAqui |Digital Payment Methods<ref name="reclame_2020">{{cite web |date=2020 |title=Prêmio Reclame AQUI 2017 |url=https://premio.reclameaqui.com.br/anosanteriores/2020 |access-date=April 18, 2021 |publisher=Reclame AQUI |language=Portuguese |archive-date=March 17, 2021 |archive-url=https://web.archive.org/web/20210317084834/https://premio.reclameaqui.com.br/anosanteriores/2020 |url-status=dead }}</ref> |{{CFinalist|place=5th Place}} |- |2019 |Financial Solutions<ref name="reclame_2019"/> |{{runner-up|2nd Place}} |- |2018 |rowspan="2"|Online Payments<ref name="reclame_2018"/><ref name="reclame_2017">{{cite web |date=2017 |title=Prêmio Reclame AQUI 2017 |url=https://premio.reclameaqui.com.br/anosanteriores/2017 |access-date=April 18, 2021 |publisher=Reclame AQUI |language=Portuguese |archive-date=June 2, 2021 |archive-url=https://web.archive.org/web/20210602214443/https://premio.reclameaqui.com.br/anosanteriores/2017 |url-status=dead }}</ref> |{{CFinalist|place=3rd Place}} |- |2017 |{{CFinalist|place=3rd Place}} |- |rowspan="2"|2016 !rowspan="2" style="font-weight:normal; text-align:left;"|LATAM Founders |Best B2C Company<ref name="latam_2016">{{cite web |url=https://startupi.com.br/2016/05/e-os-vencedores-do-latam-founders-awards-2016-sao/ |title=E os vencedores do Latam Founders Awards 2016 são… |date=May 11, 2016 |publisher=Startupi |author=Santos, Fernanda |access-date=April 18, 2021 |language=Portuguese |archive-date=June 2, 2021 |archive-url=https://web.archive.org/web/20210602220108/https://startupi.com.br/2016/05/e-os-vencedores-do-latam-founders-awards-2016-sao/ |url-status=dead }}</ref> |{{nom}} |- |Most Innovative Company<ref name="latam_2016"/> |{{nom}} |}
== References == {{reflist}}
== External links == * [https://recargapay.com.br/ Official website]
Category:Technology companies established in 2010 Category:IOS software Category:Android (operating system) software Category:Online companies of Brazil Category:Service companies of Brazil Category:Privately held companies of Brazil Category:Companies based in São Paulo Category:E-commerce in Brazil Category:Online payments