Banco Mercantil do Brasil S.A. (Brazil)

Banco Mercantil Brasil S.A. is a financial institution located in Belo Horizonte. With 80 years of market experience, the bank focuses on innovation and sustainable development. It invests heavily in technology and expands its customer service channels to provide a better banking experience. The bank specializes in the payment of INSS benefits and aims to be the best financial ecosystem for the 50+ age group. This group represents a significant portion of Brazil's consumer market and is expected to make up 33% of the total population by 2030. Banco Mercantil is the 5th largest payer of INSS benefits in the country, serving 6.5 million customers through a network of 294 branches in nine states. The bank prides itself on excellent customer service and a close relationship with its clients. It also offers a user-friendly and personalized digital experience, positioning itself as a leading player in the digital banking market. Banco Mercantil continues to grow its portfolio of quality products and services, supported by sustainable results and diversified funding. It remains committed to technological and digital advancements while maintaining its reputation as a simple, close, efficient, and profitable bank.